Ormat Technologies, Inc.
ORAUtilitiesNASDAQUtilities - Renewable · Last scanned May 30, 2026
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Daily timeframeOrmat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines,. The company carries a $8.43B market cap, placing it firmly in the mid-cap category. It operates through three segments: Electricity, Product, and Energy Storage.
Market Cap
$8.43B
Beta
0.80
P/E (TTM)
66.29
P/E (Fwd)
55.22
EPS (TTM)
$2.07
EPS (Fwd)
$2.49
ROE
4.9%
ROA
2.0%
Cash
$654.6M
Total Debt
$3.41B
Free CF
-$178.8M
52W Change
86.1%
Annual Financials
Cash vs Debt
Ormat Technologies, Inc. carries $3.41B in total debt against $654.6M in cash reserves — debt is roughly 5.2x the cash position. Managing this leverage effectively will be important for long-term financial stability. Free cash flow is running at -$178.8M, which bears watching. Negative free cash flow can be acceptable during heavy investment periods but needs to improve over time. ROE of 4.9% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 2.0% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $734.2M (2022) to $989.5M (2025), reflecting a 35% increase over the period.
Debt significantly exceeds cash reserves, which means the company's financial flexibility could be constrained during economic downturns. The company is burning cash at the operating level, which is not unusual for growth-phase companies but adds risk if it persists. At over 50x earnings, ORA carries valuation risk — any slowdown in growth expectations could lead to meaningful price adjustments. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Ormat Technologies, Inc. and its sector.