Ormat Technologies (ORA)
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-11-05
$92.98-1.38%
Close 2026-11-05 · 1-day change
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-11-05
QuarterlyIQ Insights · ORA
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is still in the top half of its industry but slipped notably this past month — worth watching.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | 3.9% |
| Our one-year growth estimate | diamond | -4.3% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 8.2 percentage points more one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 0 industry peers · Company calendar date is not available
ORA — capital allocation — This Current Report on Form 8-K does not constitute
Dated 2026-03-23
This Current Report on Form 8-K does not constitute an offer to sell any securities or a solicitation of an offer to buy any securities, nor shall there be any sale of any securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. 3
Why it matters: Storage revenue nearly tripled in Q2, helped by new capacity and strong PJM prices. The next report tests whether that growth lasts.
Watch forQ3 storage revenue grows at least 50% year over year, and storage gross margin stays above 40%.
Also watch forQ3 storage revenue grows less than 20% year over year, or storage gross margin falls below 25%.
Why it matters: Drilling is a key test of Ormat's EGS pilot with SLB. A delay or a clear field result will change how much progress the pilot shows.
Watch forOrmat confirms Desert Peak drilling began in Q4 2026, with a public update on pilot results or next steps.
Also watch forOrmat reports drilling did not begin in Q4 2026, or pauses the pilot after a technical or permit issue.
Why it matters: After raising its full-year outlook, Q3 results will show if growth keeps pace with the new ranges.
Supportive ifFull-year 2026 revenue is at least $1.15 billion and adjusted EBITDA is at least $630 million.
Worry ifOrmat cuts its raised ranges. Full-year revenue falls below $1.15 billion, or adjusted EBITDA falls below $630 million.
Why it matters: Q2 product margin fell to 9.7% due to Europe project costs and exchange rates. Management said margin would improve in the second half.
Supportive ifQ3 product gross margin is above 15%, compared with 9.7% in Q2.
Worry ifQ3 product gross margin stays at or below 9.7%, or management cites higher project costs again.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$150 on $10,000 · ±1.5% | How much price usually moves either way. |
| Bad day | $353 loss on $10,000 · 3.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $4,029 loss on $10,000 · 40.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.
Why it matters: The 134 MW project needs Nevada PUC approval. Approval would clear a named step toward its planned late-2027 or early-2028 start.
Supportive ifNevada PUC approves the NV Energy PPA for the 67 MW solar and 67 MW / 268 MWh storage project.
Worry ifNevada PUC rejects the PPA, or Ormat reports that the project is canceled or delayed past early 2028.