Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The Company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

Show more
TypePublic
HQReno, US
Founded1965
Size (employees)1,180 (est)
Websiteormat.com
Ormat Technologies was founded in 1965 and is headquartered in Reno, US
Report incorrect company information

Viewing summary data as a guest

Sign up for free to see all data

Ormat Technologies Office Locations

Ormat Technologies has an office in Reno
Reno, US (HQ)
6225 Neil Rd
Show all (1)
Report incorrect company information

Ormat Technologies Financials and Metrics

Ormat Technologies Revenue

Embed Graph
Ormat Technologies's revenue was reported to be $692.81 m in FY, 2017
USD

Revenue (Q2, 2018)

254.7 m

Gross profit (Q2, 2018)

23.2 m

Gross profit margin (Q2, 2018), %

9.1%

Net income (Q2, 2018)

76.9 m

EBIT (Q2, 2018)

91.2 m

Market capitalization (20-Sep-2018)

2.9 b

Closing stock price (20-Sep-2018)

57.3

Cash (30-Jun-2018)

66.7 m
Ormat Technologies's current market capitalization is $2.9 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

533.2 m559.5 m594.6 m662.6 m692.8 m

Revenue growth, %

5%6%11%

Cost of goods sold

373.4 m355.8 m376.4 m391.8 m424.4 m

Gross profit

159.8 m203.8 m218.3 m270.8 m268.5 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

130.7 m142.4 m127.6 m140.2 m120.2 m140.5 m162.9 m151.6 m160 b185 b190 b369.3 m526.4 m48.7 m254.7 m

Cost of goods sold

91 m89 m87.6 m84.8 m76.2 m89.7 m103.5 m87.7 m94.1 b110 b115 b224.4 m322.4 m110.7 m231.5 m

Gross profit

39.8 m53.5 m40 m55.5 m44 m50.8 m59.3 m63.9 m65.9 b75 b75 b144.9 m204.1 m(62 m)23.2 m

Gross profit Margin, %

30%38%31%40%37%36%36%42%41%41%39%39%39%(127%)9%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

57.4 m40.2 m185.9 m230.2 m47.8 m

Accounts Receivable

Inventories

22.3 m16.9 m18.1 m12 m19.6 m

Current Assets

289.3 m273.9 m375.1 m472.8 m321.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

35.4 m47.9 m80.1 m42.5 m70.7 m137.7 m171.5 m148.5 m192.6 m90.1 m174.1 m118.4 m77.2 m54.7 m66.7 m

Inventories

20.4 m22.7 m18.3 m17.3 m17.3 m16.4 m16.6 m16.8 m16.7 m13 m17.8 m18.6 m18.7 m20.1 m36.7 m

Current Assets

299.1 m292.6 m306.8 m327.4 m307.1 m369.5 m370.7 m379.6 m380.2 m309.4 m428.7 m387.2 m332.2 m322.1 m395.6 m

PP&E

1.4 b1.5 b1.5 b1.5 b1.5 b1.5 b1.6 b1.6 b1.6 b1.6 b1.5 b1.5 b1.6 b1.7 b1.8 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

55 m123.3 m101.5 m147.1 m

Depreciation and Amortization

100.8 m107.2 m106 m115.1 m

Inventories

5.4 m(1.1 m)6.3 m(1.1 m)

Accounts Payable

(9.6 m)(339 k)(1.4 m)51.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

13.1 m21.8 m9.3 m16.8 m10.3 m25.5 m99.2 m30.9 m55.9 m70.3 m39.7 m51.5 m79 m74.3 m76.9 m

Depreciation and Amortization

52.6 m80.5 m26.2 m51.3 m77.6 m27.1 m54.1 m81 m30.6 m63.6 m

Inventories

18.3 m17.3 m17.3 m529 k335 k1.3 m1.4 m5.3 m(5.8 m)(103 k)(209 k)(503 k)(981 k)

Accounts Payable

79.8 m78.4 m83.7 m(2.6 m)(21.9 m)(4.8 m)1.8 m10.5 m681 k(4.6 m)(3.7 m)(49 m)(54.2 m)
USDY, 2018

Financial Leverage

2.1 x
Show all financial metrics

Ormat Technologies Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
U.S. GeothermalJanuary 24, 2018$109.90 m
Report incorrect company information

Ormat Technologies News and Updates

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Ormat Technologies, Inc. To Contact The Firm

NEW YORK, July 30, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE:ORA) of the August 10, 2018 deadline to seek the role of lead plaintiff in a federal securities class action ...

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $100,000 In Ormat Technologies, Inc. To Contact The Firm

NEW YORK, July 30, 2018 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE:ORA) of the August 10, 2018 deadline to seek the role of lead plaintiff in a federal securities class action ...

RM LAW Announces Class Action Lawsuit Against Ormat Technologies, Inc.

BERWYN, Pa., June 15, 2018 /PRNewswire/ -- RM LAW, P.C. announces that a class action lawsuit has been filed on behalf of all persons or entities that purchased Ormat Technologies, Inc. (NYSE: ORA) ("Ormat" or the "Company") common shares between August 8, 2017 and May 15, 2018, inclusive...

Ormat Class Action: Bernstein Liebhard LLP Files Securities Class Action Lawsuit Against Ormat Technologies, Inc. - ORA

NEW YORK, June 11, 2018 /PRNewswire/ -- Bernstein Liebhard LLP has filed a securities class action lawsuit on behalf of those who purchased or acquired the securities of Ormat Technologies, Inc. ("Ormat" or the "Company") (NYSE: ORA) between August 8, 2017 and May 15, 2018, both dates...
Report incorrect company information

Ormat Technologies Company Life and Culture

Report incorrect company information