Ormat Technologies Inc. (HNM)
Summary
HNM Chart
Ormat Technologies Gains From Geothermal and Energy Storage Expansion
ORA expands geothermal and energy storage capacity through new projects and acquisitions, while tariff and supply-chain risks remain in focus.
Why Is Ormat Technologies (ORA) Up 16.3% Since Last Earnings Report?
Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?
Ormat Technologies Q1 Earnings Call Highlights
Ormat Technologies NYSE: ORA reported record first-quarter 2026 revenue and maintained its full-year outlook, as strength in its energy storage and product segments offset more modest growth in its electricity business.
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Ormat Technologies Inc. Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Doron Blachar CEO | XDUS Exchange | US6866881021 ISIN |
| US Country | 1,512 Employees | 3 Jun 2026 Last Dividend | - Last Split | 11 Nov 2004 IPO Date |
Overview
Ormat Technologies, Inc. is a prominent player in the renewable energy sector, focusing on geothermal and recovered energy power generation across a global footprint that includes the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and more. Founded in 1965, and headquartered in Reno, Nevada, the company illustrates a deep commitment to sustainable energy through its diversified operations that span electricity generation, equipment manufacturing, and energy storage solutions. Ormat Technologies operates under three primary segments: Electricity, Product, and Energy Storage, each catering to a distinct aspect of energy production and management. Through its comprehensive approach, Ormat not only contributes to the generation of renewable energy but also supports the advancement of technology in the field, promoting environmental sustainability and energy independence.
Products and Services
- Electricity Generation:
- Equipment Manufacturing:
- Energy Storage Solutions:
Ormat Technologies specializes in developing, building, owning, and operating renewable energy plants focusing on geothermal, solar photovoltaic, and recovered energy sources. This segment is pivotal in generating clean electricity, selling it to various grids around the world, and thereby supporting global efforts toward sustainable development.
The company designs, manufactures, and sells a wide range of equipment tailored for geothermal and recovered energy-based electricity generation. Its portfolio includes engineering, procurement, and construction services for developing geothermal and recovered energy-based power plants. These offerings cater to contractors, as well as owners and operators of pipelines, gas processing plants, cement plants, and other industrially intensive energy processes, emphasizing Ormat's role in enhancing the efficiency and sustainability of industrial operations.
Addressing the increasing need for grid stability and energy storage, Ormat Technologies provides advanced battery energy storage systems alongside related services. This segment focuses on improving energy reliability, optimizing power generation, and facilitating the integration of renewable energy into the grid, marking a significant stride towards sustainable and dependable energy access.
