ORMAT TECHNOLOGIES, INC.
ORA · Electric Services · 61.5M shares · +4%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $3M (gross $18M, SBC $15M)
Reference price $138.42 · est. market cap ~$8.5B — last insider sale, 2026-05-27 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C60Geothermal power developer with stable but sub-par returns and a tight near-term funding position.
Strengths
- Category-leading geothermal asset base with stable, contracted generation
- Moderate leverage (D/E 1.05, 27th pct) for a utility-scale developer
Risks
- Low returns (ROE 4.9% 29th pct, ROIC 2.6% 8th pct) and flat earnings
- Negative FCF (-$285M) and only ~2.1 quarters cash runway (33rd pct)
Notable findings
- Cash burnNegative free cash flow (-284.7M)
- Weak liquidityCurrent ratio 0.81 (<1)
- Insider sellingInsider selling — 16 open-market sale(s) by 8 insider(s) (cluster of 8 insiders, ~$6M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
4.9%
Return on assets
2.0%
ROIC
2.6%
Revenue growth (QoQ)
12.9%
Net-income growth
0.1%
Debt / equity
1.0×
Net debt / EBITDA
5.4×
Current ratio
0.8×
Free cash flow
-$285M
EBITDA
$461M
Tangible book value
$2.1B
Cash & investments
$147M
Cash runway
2q
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-27 | STERN STANLEY | Sell | 250 | $138.42 |
| 2026-05-21 | Granot David | Sell | 1.8K | $134.43 |
| 2026-05-20 | Granot David | Sell | 1.8K | $132.70 |
| 2026-05-19 | Marom Michal | Sell | 3.1K | $130.97 |
| 2026-05-15 | STERN STANLEY | Sell | 577 | $130.17 |
| 2026-05-14 | Ginzburg Assi | Sell | 2.6K | $133.12 |
| 2026-05-14 | Ginzburg Assi | Disposition | 2.9K | $133.12 |
| 2026-05-14 | Ginzburg Assi | Sell | 15K | $135.02 |
| 2026-05-14 | Ginzburg Assi | Option exercise | 5.5K | $71.15 |
| 2026-05-13 | Wong Byron G. | Sell | 4.5K | $134.32 |
| 2026-05-13 | Benyosef Ofer | Option exercise | 1.1K | $71.15 |
| 2026-05-13 | Benyosef Ofer | Disposition | 602 | $131.02 |
| 2026-05-13 | Benyosef Ofer | Sell | 9.4K | $131.02 |
| 2026-05-11 | SHARIR DAFNA | Sell | 883 | $122.44 |
| 2026-05-07 | Corfee Karin | Option exercise | 1.8K | — |
| 2026-05-07 | Granot David | Option exercise | 1.8K | — |
| 2026-05-07 | STERN STANLEY | Option exercise | 1.8K | — |
| 2026-05-07 | Barniv Ravit | Option exercise | 1.8K | — |
| 2026-05-07 | Marom Michal | Option exercise | 1.8K | — |
| 2026-05-07 | Angel Isaac | Option exercise | 2.4K | — |
| 2026-05-07 | SHARIR DAFNA | Option exercise | 1.8K | — |
| 2026-05-07 | Wong Byron G. | Option exercise | 1.8K | — |
| 2026-03-26 | Woelfel Jessica | Sell | 2.7K | $110.39 |
| 2026-03-25 | Woelfel Jessica | Sell | 834 | $110.37 |
| 2026-03-25 | Woelfel Jessica | Sell | 427 | $107.37 |
| 2026-03-24 | Woelfel Jessica | Sell | 136 | $107.79 |
| 2026-03-21 | Woelfel Jessica | Option exercise | 563 | — |
| 2026-03-21 | Benyosef Ofer | Option exercise | 626 | — |
| 2026-03-21 | Benyosef Ofer | Option exercise | 3.9K | — |
| 2026-03-21 | Blachar Doron | Option exercise | 14K | — |
| 2026-03-21 | Woelfel Jessica | Option exercise | 3.5K | — |
| 2026-03-21 | Ginzburg Assi | Option exercise | 1.1K | — |
| 2026-03-21 | Ginzburg Assi | Option exercise | 6.6K | — |
| 2026-03-21 | Blachar Doron | Option exercise | 2.3K | — |
| 2026-03-03 | Woelfel Jessica | Sell | 2.4K | $105.16 |
| 2026-03-02 | Woelfel Jessica | Sell | 869 | $104.59 |
| 2026-03-01 | Ginzburg Assi | Option exercise | 447 | — |
| 2026-03-01 | Ginzburg Assi | Option exercise | 694 | — |
| 2026-03-01 | Ginzburg Assi | Option exercise | 1.9K | — |
| 2026-03-01 | Blachar Doron | Option exercise | 3.9K | — |
| 2026-03-01 | Blachar Doron | Option exercise | 1.2K | — |
| 2026-03-01 | Ginzburg Assi | Option exercise | 2.0K | — |
| 2026-03-01 | Benyosef Ofer | Option exercise | 358 | — |
| 2026-03-01 | Benyosef Ofer | Option exercise | 1.2K | — |
| 2026-03-01 | Benyosef Ofer | Option exercise | 1.2K | — |
| 2026-03-01 | Benyosef Ofer | Option exercise | 555 | — |
| 2026-03-01 | Woelfel Jessica | Option exercise | 313 | — |
| 2026-03-01 | Woelfel Jessica | Option exercise | 1.1K | — |
| 2026-03-01 | Woelfel Jessica | Option exercise | 1.4K | — |
| 2026-03-01 | Woelfel Jessica | Option exercise | 486 | — |
| 2026-03-01 | Blachar Doron | Option exercise | 805 | — |
| 2026-03-01 | Blachar Doron | Option exercise | 5.1K | — |
| 2025-11-10 | Woelfel Jessica | Option exercise | 1.9K | $71.15 |
| 2025-11-10 | Woelfel Jessica | Disposition | 1.2K | $115.00 |
| 2025-11-10 | Woelfel Jessica | Sell | 721 | $115.00 |
| 2025-11-07 | Woelfel Jessica | Sell | 368 | $112.36 |
| 2025-11-07 | Woelfel Jessica | Option exercise | 1.0K | $71.15 |
| 2025-11-07 | Woelfel Jessica | Disposition | 632 | $112.36 |
| 2025-11-07 | Ginzburg Assi | Sell | 20K | $112.72 |
| 2025-11-07 | Benyosef Ofer | Sell | 511 | $113.30 |
| 2025-11-07 | Barniv Ravit | Sell | 1.8K | $112.54 |
| 2025-11-07 | Angel Isaac | Sell | 18K | $112.42 |
| 2025-11-05 | Benyosef Ofer | Disposition | 13K | $115.00 |
| 2025-11-05 | Benyosef Ofer | Sell | 9.9K | $115.00 |
| 2025-11-05 | Benyosef Ofer | Disposition | 2.0K | $115.00 |
| 2025-11-05 | Benyosef Ofer | Option exercise | 3.3K | $71.15 |
| 2025-11-05 | Benyosef Ofer | Option exercise | 21K | $68.34 |
| 2025-09-30 | STERN STANLEY | Sell | 400 | $95.98 |
| 2025-09-30 | SHARIR DAFNA | Sell | 981 | $96.70 |
| 2025-09-29 | Blachar Doron | Option exercise | 45K | $63.40 |
| 2025-09-29 | Woelfel Jessica | Option exercise | 6.4K | $78.53 |
| 2025-09-29 | Woelfel Jessica | Disposition | 5.3K | $95.00 |
| 2025-09-29 | Woelfel Jessica | Option exercise | 10K | $69.14 |
| 2025-09-29 | Woelfel Jessica | Disposition | 7.3K | $94.64 |
| 2025-09-29 | Woelfel Jessica | Sell | 5.6K | $94.80 |
| 2025-09-29 | Blachar Doron | Disposition | 30K | $94.71 |
| 2025-09-29 | Blachar Doron | Sell | 15K | $94.71 |
| 2025-09-26 | STERN STANLEY | Sell | 229 | $94.83 |
| 2025-09-26 | STERN STANLEY | Disposition | 981 | $94.83 |
| 2025-09-26 | STERN STANLEY | Option exercise | 1.2K | $76.87 |
| 2025-09-18 | Ginzburg Assi | Sell | 9.3K | $93.31 |
| 2025-08-27 | STERN STANLEY | Sell | 876 | $91.98 |
| 2025-08-22 | Ginzburg Assi | Disposition | 18K | $94.71 |
| 2025-08-22 | Woelfel Jessica | Sell | 692 | $94.57 |
| 2025-08-22 | Ginzburg Assi | Option exercise | 26K | $68.34 |
| 2025-08-22 | Ginzburg Assi | Sell | 7.1K | $94.71 |
| 2025-08-21 | Granot David | Disposition | 1.0K | $92.44 |
| 2025-08-21 | Granot David | Option exercise | 1.2K | $76.87 |
| 2025-08-21 | Granot David | Disposition | 1.0K | $92.44 |
| 2025-08-21 | Granot David | Sell | 99 | $92.44 |
| 2025-08-21 | Granot David | Sell | 100 | $92.43 |
| 2025-08-21 | Granot David | Option exercise | 1.2K | $76.87 |
| 2025-08-21 | Granot David | Sell | 99 | $92.44 |
| 2025-08-21 | Granot David | Sell | 100 | $92.43 |
| 2025-08-18 | Wong Byron G. | Disposition | 1.0K | $91.39 |
| 2025-08-18 | Wong Byron G. | Option exercise | 1.3K | $67.54 |
| 2025-08-18 | Wong Byron G. | Disposition | 972 | $91.39 |
| 2025-08-18 | Wong Byron G. | Sell | 343 | $91.39 |
| 2025-08-18 | Wong Byron G. | Option exercise | 1.2K | $76.87 |
| 2025-08-18 | Wong Byron G. | Sell | 192 | $91.39 |
| 2025-06-27 | Wong Byron G. | Sell | 460 | $84.04 |
| 2025-06-24 | Benyosef Ofer | Sell | 8.5K | $86.31 |
| 2025-06-20 | SHARIR DAFNA | Disposition | 1.1K | $85.36 |
| 2025-06-20 | STERN STANLEY | Sell | 547 | $85.54 |
| 2025-06-20 | SHARIR DAFNA | Sell | 1.2K | $85.58 |
| 2025-06-20 | SHARIR DAFNA | Sell | 280 | $85.81 |
| 2025-06-20 | SHARIR DAFNA | Disposition | 1.0K | $85.78 |
| 2025-06-20 | SHARIR DAFNA | Option exercise | 1.3K | $67.54 |
| 2025-06-20 | SHARIR DAFNA | Option exercise | 1.2K | $76.87 |
| 2025-06-20 | SHARIR DAFNA | Sell | 121 | $85.67 |
| 2025-06-18 | Woelfel Jessica | Sell | 313 | $85.00 |
| 2025-06-18 | Granot David | Sell | 1.1K | $85.00 |
| 2025-06-18 | Woelfel Jessica | Sell | 251 | $82.00 |
| 2025-06-18 | Granot David | Sell | 1.1K | $85.00 |
| 2025-05-29 | Marom Michal | Sell | 895 | $73.47 |
| 2025-05-19 | SHARIR DAFNA | Sell | 876 | $75.00 |
| 2025-05-13 | Granot David | Sell | 112 | $73.84 |
| 2025-05-13 | Granot David | Sell | 111 | $73.01 |
| 2025-05-13 | Granot David | Sell | 404 | $73.01 |
| 2025-05-13 | Granot David | Sell | 323 | $72.99 |
| 2025-05-13 | Granot David | Sell | 112 | $73.84 |
| 2025-05-13 | Granot David | Sell | 111 | $73.01 |
| 2025-05-13 | Granot David | Sell | 404 | $73.01 |
| 2025-05-13 | Granot David | Sell | 323 | $72.99 |
| 2025-05-13 | Granot David | Option exercise | 1.3K | $67.54 |
| 2025-05-13 | Granot David | Disposition | 1.2K | $73.84 |
| 2025-05-08 | STERN STANLEY | Option exercise | 1.8K | — |
| 2025-05-08 | Barniv Ravit | Option exercise | 1.8K | — |
| 2025-05-08 | Marom Michal | Option exercise | 1.8K | — |
| 2025-05-08 | Corfee Karin | Option exercise | 1.8K | — |
| 2025-05-08 | Angel Isaac | Option exercise | 2.6K | — |
| 2025-05-08 | Granot David | Option exercise | 1.8K | — |
| 2025-05-08 | SHARIR DAFNA | Option exercise | 1.8K | — |
| 2025-05-08 | Wong Byron G. | Option exercise | 1.8K | — |
| 2025-03-24 | Woelfel Jessica | Sell | 167 | $71.64 |
| 2025-03-21 | Blachar Doron | Option exercise | 2.3K | — |
| 2025-03-21 | Woelfel Jessica | Option exercise | 563 | — |
| 2025-03-21 | Ginzburg Assi | Option exercise | 1.1K | — |
| 2025-03-21 | Hatzir Shimon | Option exercise | 876 | — |
| 2025-03-21 | Benyosef Ofer | Option exercise | 626 | — |
| 2025-03-18 | Woelfel Jessica | Sell | 409 | $72.15 |
| 2025-03-03 | Granot David | Sell | 1.7K | $69.00 |
| 2025-03-01 | Benyosef Ofer | Option exercise | 1.2K | — |
| 2025-03-01 | Benyosef Ofer | Option exercise | 1.7K | — |
| 2025-03-01 | Blachar Doron | Option exercise | 805 | — |
| 2025-03-01 | Blachar Doron | Option exercise | 5.1K | — |
| 2025-03-01 | Blachar Doron | Option exercise | 3.8K | — |
| 2025-03-01 | Hatzir Shimon | Option exercise | 1.0K | — |
| 2025-03-01 | Hatzir Shimon | Option exercise | 358 | — |
| 2025-03-01 | Hatzir Shimon | Option exercise | 1.5K | — |
| 2025-03-01 | Hatzir Shimon | Option exercise | 1.7K | — |
| 2025-03-01 | Woelfel Jessica | Option exercise | 1.5K | — |
| 2025-03-01 | Ginzburg Assi | Option exercise | 670 | — |
| 2025-03-01 | Woelfel Jessica | Option exercise | 1.1K | — |
| 2025-03-01 | Woelfel Jessica | Option exercise | 313 | — |
| 2025-03-01 | Ginzburg Assi | Option exercise | 447 | — |
| 2025-03-01 | Ginzburg Assi | Option exercise | 2.1K | — |
| 2025-03-01 | Ginzburg Assi | Option exercise | 2.0K | — |
| 2025-03-01 | Benyosef Ofer | Option exercise | 358 | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-05 | Shareholder vote | filing ↗ |
| 2026-05-06 | ResultsExhibits | filing ↗ |
| 2026-03-23 | Material agreementDebt obligation3.02OtherExhibits | filing ↗ |
| 2026-02-26 | ResultsExhibits | filing ↗ |
| 2026-02-17 | Reg FDExhibits | filing ↗ |
| 2025-11-03 | ResultsExhibits | filing ↗ |
| 2025-08-07 | ResultsExhibits | filing ↗ |
| 2025-05-08 | Shareholder vote | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-05 | 2026-06-04 | 0001437749-26-019607 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001296445-26-000008 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001437749-26-015235 ↗ |
| 8-K | 2026-03-23 | 2026-03-17 | 0001213900-26-032467 ↗ |
| 10-K | 2026-02-26 | 2025-12-31 | 0001296445-26-000006 ↗ |
| 8-K | 2026-02-26 | 2026-02-25 | 0001437749-26-005680 ↗ |
| 8-K | 2026-02-17 | 2026-02-17 | 0001437749-26-004369 ↗ |
| 10-Q | 2025-11-05 | 2025-09-30 | 0001296445-25-000012 ↗ |
| 8-K | 2025-11-03 | 2025-11-03 | 0001437749-25-032788 ↗ |
| 10-Q | 2025-08-07 | 2025-06-30 | 0001296445-25-000008 ↗ |
| 8-K | 2025-08-07 | 2025-08-06 | 0001437749-25-025146 ↗ |
| 10-Q | 2025-05-08 | 2025-03-31 | 0001628280-25-023547 ↗ |