ORMAT TECHNOLOGIES, INC.
In the published model solve dated 2026-Q2, anchored at $97.95, ORMAT TECHNOLOGIES, INC. (ORA) is priced for +19.6% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
Ormat is a capital-heavy, contracted geothermal independent power producer, and reading it as such is the key. Its electricity segment, about 80% of revenue, sells baseload power under long-term agreements, the steady core, while product and energy storage add growth. At $127.73 only the growth-DCF reaches the price; the static frames call it richly valued. The quarter was a record. Q1 2026 revenue rose 76% to $403.9 million, adjusted EPS of $1.30 beat by 41%, energy storage revenue grew 153%,
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398 institutional managers reported holding ORA in 13F filings for the quarter ended 2026-03-31. Together they hold about 84% of the company; the top 10 hold 48%. 69 opened new positions that quarter. Held by BlackRock, Vanguard Group, State Street, among others. On the short side, 4.9M shares were sold short as of the 2026-06-15 count, about 8% of shares outstanding (5.9 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
ORA's share count grew 8.9% over the past five years even with $42.36M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $0.48 a share annually. Cash returned over the past three years: $80.14M in dividends and $24.39M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at ORA over the trailing three years. Absence is a fact about the company, not a signal. 13 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
ORA's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-05 | -2.6% | -12.2% |
| 2023-11-10 | -2.9% | +15.1% |
| 2024-02-24 | -4.2% | -2.0% |
| 2024-05-11 | +2.6% | +7.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
ORA's latest 8-K filings: 2026-08-05 (items 2.02, 9.01); 2026-06-05 (items 5.07); 2026-05-06 (items 2.02, 9.01); 2026-03-23 (items 1.01, 2.03, 3.02, 8.01, 9.01); 2026-02-26 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.