ORA: Ormat Technologies, Inc.
About
Ormat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.
Key Details
Market Cap
$4.80B
P/E Ratio
40.54
1Y Stock Return
20.68%
1Y Revenue Growth
12.18%
Dividend Yield
0.63%
Price to Book
2.0
Strategies that include ORA
Stock's related to ORA
Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| CWEN | 62.23% | $3.26B | +22.27% | 5.84% |
| RUN | 60.68% | $2.18B | -16.08% | 0.00% |
| CWEN.A | 59.64% | $3.07B | +23.13% | 6.22% |
| AMRC | 58.80% | $1.39B | -4.40% | 0.00% |
| SAFE | 58.59% | $1.47B | +9.32% | 3.47% |
| SLG | 58.34% | $5.09B | +133.31% | 3.89% |
| BEPC | 58.08% | $11.50B | +18.73% | 4.57% |
| AES | 58.06% | $9.78B | -17.86% | 5.04% |
| SW | 57.91% | $13.78B | +15.02% | 1.14% |
| STHO | 57.28% | $150.51M | -5.99% | 0.00% |
| AQN | 57.00% | $3.79B | -20.96% | 8.21% |
| BEP | 56.60% | $7.22B | +4.20% | 5.54% |
| CUZ | 55.83% | $4.89B | +57.48% | 4.17% |
| BIP | 55.06% | $15.84B | +29.08% | 4.66% |
| DEI | 54.60% | $3.10B | +63.20% | 4.13% |
| NEP | 54.59% | $1.48B | -32.95% | 22.91% |
| EBC | 54.50% | $3.95B | +50.04% | 2.40% |
| FUL | 54.39% | $4.03B | -2.68% | 1.19% |
| HTH | 54.25% | $2.06B | +6.37% | 2.16% |
| STEL | 54.04% | $1.58B | +26.76% | 1.77% |
Uncorrelated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| HIHO | -0.03% | $8.63M | 0.00% | 6.12% |
| MVO | 0.15% | $106.15M | -22.78% | 16.78% |
| RELY | 0.19% | $3.96B | -7.42% | 0.00% |
| AJG | -0.29% | $64.17B | +17.51% | 0.80% |
| BEST | 0.41% | $31.65M | +3.88% | 0.00% |
| GL | -0.49% | $9.18B | -8.60% | 0.86% |
| QTTB | 0.52% | $354.34M | +188.64% | 0.00% |
| AMED | 0.79% | $2.95B | -3.95% | 0.00% |
| NOW | 0.83% | $210.55B | +52.92% | 0.00% |
| PRPH | 0.84% | $18.14M | -82.61% | 0.00% |
| WM | 0.87% | $87.92B | +27.58% | 1.34% |
| ORLY | -0.90% | $69.31B | +22.06% | 0.00% |
| CCEC | 0.93% | $1.02B | +28.03% | 3.26% |
| CB | -0.96% | $114.43B | +26.00% | 1.24% |
| EG | -1.02% | $15.92B | -8.98% | 2.02% |
| RWAY | -1.03% | $394.72M | -17.18% | 15.47% |
| ADBE | 1.22% | $219.93B | -18.23% | 0.00% |
| TLPH | -1.24% | $11.41M | +9.85% | 0.00% |
| IBKR | -1.41% | $20.20B | +131.83% | 0.37% |
| JNPR | 1.54% | $11.61B | +30.55% | 2.49% |
Inversely Correlated Stocks
| Name | Correlation | Market Cap | Return % (1 Year) | Div Yield % |
|---|---|---|---|---|
| MCK | -19.59% | $78.15B | +35.51% | 0.42% |
| BTCT | -17.18% | $42.61M | +353.33% | 0.00% |
| CBOE | -16.02% | $21.46B | +15.84% | 1.11% |
| LPLA | -13.88% | $23.55B | +38.13% | 0.38% |
| CME | -13.16% | $82.76B | +9.21% | 1.98% |
| PGR | -11.49% | $149.10B | +57.29% | 0.45% |
| HUSA | -10.57% | $16.69M | -11.56% | 0.00% |
| ACGL | -10.01% | $36.00B | +16.84% | 0.00% |
| RNR | -9.89% | $13.74B | +23.09% | 0.58% |
| MNOV | -7.92% | $93.19M | +2.15% | 0.00% |
| COR | -7.36% | $47.48B | +21.20% | 0.86% |
| GAN | -7.17% | $83.39M | +21.19% | 0.00% |
| SOC | -6.66% | $1.93B | +74.70% | 0.00% |
| CYD | -6.62% | $364.46M | -2.94% | 4.26% |
| FCN | -6.58% | $7.10B | -10.74% | 0.00% |
| CHD | -4.60% | $27.18B | +19.50% | 1.03% |
| NEUE | -4.57% | $40.93M | -34.13% | 0.00% |
| STG | -4.56% | $35.67M | +7.92% | 0.00% |
| TCTM | -4.54% | $8.10M | -42.99% | 0.00% |
| WHLM | -4.05% | $17.64M | -29.34% | 0.00% |
ETF's related to ORA
News
SeekingAlpha
Calvert Research and Management ranked the 100 most sustainable companies based on over 230 ESG indicators. Read here for our picks.
Yahoo
ORA secures an EPC contract valued at approximately $200 million with Contact Energy.
Yahoo
The Te Mihi Stage 2 project is set to be operational by mid-2027.
Yahoo
Expect Year End 2024 Product Segment Backlog to Exceed $300 MillionRENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy technology company, today announced that it has reached an understanding with Contact Energy to sign an Engineering, Procurement, and Construction (EPC) contract for the development of the Te Mihi Stage 2 101MW geothermal power plant in New Zealand. The EPC contract, valued at approximately $200 million, i
Yahoo
RENO, Nev., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA), a leading renewable energy company, today announced the successful deal to transfer investment tax credits (ITCs) from the 80MW/320MWh Bottleneck Project to third party. This transaction, which was facilitated under the Inflation Reduction Act (IRA), represents a significant achievement in our goal to collect up to $152 million in cash tax benefits this year. The gross proceeds from this transaction were priced at
Finnhub
Ormat Technologies Contact: Investor Relations Agency Contact: ...
Disclaimer
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