Ormat Technologies

ORA · NYSE

$87.31+$0.67 (+0.77%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $86.64

About ORA

Ormat Technologies, Inc. operates as a holding company. The company is headquartered in Reno, Nevada and currently employs 1,648 full-time employees. The company went IPO on 2004-11-11. The firm owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low-, medium- and high-temperature heat into electricity. The firm has engineered, manufactured and constructed power plants, which it owns or has installed for utilities and developers worldwide, totaling approximately 3,400 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Its Electricity segment develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world. Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation.

Employees: 1,648
Headquarters: Reno, Nevada
Listed: Nov 11, 2004
Sector: Utilities
Industry: Independent Power and Renewable Electricity Producers
Website: ormat.com

Leadership

Ormat Technologies executives
Name	Title	Since	Age
Isaac Angel	—	2014	68
Doron Blachar	—	—	57
Assaf Ginzburg	—	—	49
Ofer Benyosef	—	—	60
Shimon Hatzir	—	—	63
Jessica Woelfel	—	—	48
Stanley Stern	—	—	68
Ravit Barniv	—	—	61
Karin Corfee	—	—	64
David Granot	—	—	78
Michal Marom-Brikman	—	—	55
Dafna Sharir	—	—	56
Byron Wong	—	—	73
Smadar Lavi	—	2024	—

Revenue by product and region

Fiscal year ended Dec 31, 2019: $746.04M total revenue

By product

Electricity [Member]$540.33M72.4%
Electricity [Member]$479.06M64.2%
Electricity and Product Revenue [Member]$266.99M35.8%
Product [Member]$191.01M25.6%
Energy Storage and Management Services [Member]$14.70M2.0%

By region

UNITED STATES$377.96M50.7%
UNITED STATES$377.96M50.7%
Non-US [Member]$368.09M49.3%
UNITED STATES$333.80M44.7%
Non-US [Member]$206.54M27.7%
Other$573.80M76.9%

Suppliers and customers

Price correlation is over one year: 1 means the stocks move together, -1 opposite

Ormat Technologies suppliers and customers
Company	Relationship	Country	Correlation
Edison International EIX	Customer	US	0.85
PG&E PCG	Customer	US	0.67
IDACORP IDA	Customer	US	0.65
Berkshire Hathaway B BRK.B	Customer	US	0.49
Sempra Energy SRE	Customer	US	0.48
DJ Mediaprint & Logistics	Customer	IN	0.25
Barnwell Industries BRN	Supplier	US	0.17
Polaris Infrastructure PIF.TO	Customer	CA	-0.08
Hawaiian Electric Inds HE	Customer	US	-0.14
Electricite de France EDF.PA	Customer	FR	-0.15

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