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Ormat Technologies, Inc (ORA) Fair Value & Analysis

Utilities · US · Market cap $8.8B

OT Ormat Technologies, Inc logo Ormat Technologies, Inc ORA · US
Price$123.30
Fair Value$33.52
Upside-72.8%
Quality92/100
Evidence: High Range $27.22 – $43.57

Fair value as of: Jun 24, 2026

From 16 valuation models · updated 5 days ago

Fair value updated Jun 24, 2026 — revised from $31.74 to $33.52 (+5.6%) since Jun 23, 2026. Share price −19.5% over the past month.

Price vs Fair Value (12 months)

$161.95 $93.08 Fair Value $33.52 Jun 2025 Jun 2026

12‑month range $93.08 – $161.95 · fair‑value band $27.22 – $43.57 · the $123.30 price screens above the $33.52 fair value. As of Jun 24, 2026.

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Analysis

Ormat Technologies, Inc (ORA) currently trades at $123.30, while our model-based Fair Value estimate is $33.52 — implying the stock looks roughly 72.8% overvalued today. We read business quality at 92/100 (high quality), in the Utilities sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, Ormat Technologies, Inc generated revenue of $1.2B at a net margin of 11.0%. Revenue grew 75.8% year over year. It earns a return on equity of 4.9%. Net debt stands at $2.6B. Fundamentals as of Jun 24, 2026

Key figures & financial health

Revenue (TTM) $1.2B
Revenue growth (YoY) +75.8%
Net margin 11.0%
Return on equity 4.9%
Free cash flow −$285M FY2025
P/E ratio 68.8
More key figures
Operating margin 21.3%
EPS (TTM) $2.07
Dividend yield 0.3%
EPS growth (YoY) +7.6%
Net debt $2.6B FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 24, 2026. TTM = trailing twelve months.

About the company

Ormat 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, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, 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; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment owns and operates grid-connected, stand alone In Front of the Meter (IFM) battery energy storage BESS facilities, which provide capacity, energy, and ancillary services directly to the electric grid. The company serves contra…

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ormat Technologies, Inc reported revenue of $990M in FY2025 versus $663M in FY2021, a compound +10.5%/yr. Reported net income was $124M in FY2025, compounding +18.9%/yr from FY2021.

Revenue +10.5%/yr
FY21 $663M
FY22 $734M
FY23 $829M
FY24 $880M
FY25 $990M
Net income +18.9%/yr
FY21 $62.1M
FY22 $65.8M
FY23 $124M
FY24 $124M
FY25 $124M

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Huaneng Lancang River Hydropower Inc 600025 ¥9.73 ¥2.95 -70%
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Frequently asked questions

Is Ormat Technologies, Inc (ORA) undervalued?
As of Jun 24, 2026, our model estimates a fair value of $33.52 versus a price of $123.30 — about −73% (overvalued). Model-based estimate, not financial advice.
What is the fair value of ORA?
Our 21-model fair value for Ormat Technologies, Inc is $33.52 (as of Jun 24, 2026), built from audited fundamentals. The current price is $123.30.
What is the quality score of ORA?
Ormat Technologies, Inc has a Quality Score of 92/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Ormat Technologies, Inc (ORA)?
Ormat Technologies, Inc reported trailing-twelve-month revenue of about $1.2B (latest available figure, as of Jun 24, 2026).
What is the net profit margin of ORA?
The net profit margin of Ormat Technologies, Inc is about 11.0%, meaning it keeps roughly 11.0% of revenue as net income. Based on the latest reported figures.
Does Ormat Technologies, Inc pay a dividend?
Ormat Technologies, Inc currently shows a dividend yield of about 0.33% relative to its recent price (as of Jun 24, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.