Ormat Technologies (ORA)
Market Price (12/28/2025): $112.93 | Market Cap: $6.9 BilSector: Utilities | Industry: Renewable Electricity
Ormat Technologies (ORA)
Market Price (12/28/2025): $112.93Market Cap: $6.9 BilSector: UtilitiesIndustry: Renewable Electricity
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41% | Trading close to highsDist 52W High is -1.8%, Dist 3Y High is -1.8% | Expensive valuation multiplesP/SPrice/Sales ratio is 7.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 18x, P/EPrice/Earnings or Price/(Net Income) is 51x |
| Low stock price volatilityVol 12M is 25% | Weak multi-year price returns3Y Excs Rtn is -49% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Renewable Energy Transition, and Sustainable Infrastructure. Themes include Geothermal Energy, Show more. | Key risksORA key risks include [1] geological uncertainties inherent in its geothermal exploration and development and [2] execution challenges tied to its ambitious strategic plan to expand its energy storage and geothermal portfolio. |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41% |
| Low stock price volatilityVol 12M is 25% |
| Megatrend and thematic driversMegatrends include Energy Transition & Decarbonization, Renewable Energy Transition, and Sustainable Infrastructure. Themes include Geothermal Energy, Show more. |
| Trading close to highsDist 52W High is -1.8%, Dist 3Y High is -1.8% |
| Weak multi-year price returns3Y Excs Rtn is -49% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 7.3x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 27x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 18x, P/EPrice/Earnings or Price/(Net Income) is 51x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -23% |
| Key risksORA key risks include [1] geological uncertainties inherent in its geothermal exploration and development and [2] execution challenges tied to its ambitious strategic plan to expand its energy storage and geothermal portfolio. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are five key points highlighting why Ormat Technologies (ORA) stock moved by 23% during the approximate time period from August 31, 2025, to December 28, 2025:
<b>1. Strong Third Quarter 2025 Financial Results.</b>
Ormat Technologies reported robust financial performance for the third quarter of 2025, with total revenue increasing by 17.9% to $249.7 million compared to the previous year. The company also saw its net income attributable to stockholders grow by 9.3% to $24.1 million and operating income rise by 13.3%. These positive results significantly boosted investor confidence.
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<b>2. Exceptional Growth in Energy Storage and Product Segments.</b>
A major driver of the revenue increase was the outstanding performance of Ormat's Energy Storage and Product segments. Energy Storage segment revenue surged by 108%, while Product segment revenue increased by 66.6% in Q3 2025. This strong growth in key areas indicated successful diversification and execution of the company's strategy beyond its traditional electricity segment, which saw a modest 1.5% increase.
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<b>3. Increased Full-Year 2025 Guidance.</b>
Following the impressive Q3 results, Ormat Technologies raised its full-year revenue and Adjusted EBITDA guidance for 2025. This upward revision signals management's optimism about the company's continued performance and future outlook, which often translates into positive market reaction and stock appreciation.
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<b>4. Strategic Project Developments and Partnerships.</b>
Ormat achieved several strategic milestones during this period, reinforcing its growth trajectory. These include a 25-year extension for a 52-megawatt Heber Power Purchase Agreement (PPA), obtaining two geothermal exploration licenses in Indonesia totaling 40 megawatts, and the successful commissioning of the Lower Rio Energy storage facility in Texas in August 2025. Additionally, a partnership with SLB to develop Enhanced Geothermal Systems is expected to accelerate future growth.
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<b>5. Positive Analyst Sentiment and Renewable Energy Tailwinds.</b>
Analysts responded favorably to Ormat's performance and prospects, issuing a "Moderate Buy" consensus rating with an average 12-month price target of $120.22, and some setting targets as high as $135.00. The company also benefited from a broader positive sentiment towards the renewable energy sector, partly fueled by recent legislation extending tax credits for renewable energy projects. This market confidence in the clean energy transition positioned Ormat as a potential long-term winner.
Show moreStock Movement Drivers
Fundamental Drivers
The 19.2% change in ORA stock from 9/27/2025 to 12/27/2025 was primarily driven by a 17.5% change in the company's P/E Multiple.| 9272025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 94.77 | 112.94 | 19.18% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 906.30 | 944.25 | 4.19% |
| Net Income Margin (%) | 14.49% | 14.12% | -2.52% |
| P/E Multiple | 43.80 | 51.44 | 17.46% |
| Shares Outstanding (Mil) | 60.69 | 60.75 | -0.10% |
| Cumulative Contribution | 19.18% |
Market Drivers
9/27/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ORA | 19.2% | |
| Market (SPY) | 4.3% | 58.4% |
| Sector (XLU) | -1.4% | 45.5% |
Fundamental Drivers
The 34.5% change in ORA stock from 6/28/2025 to 12/27/2025 was primarily driven by a 27.0% change in the company's P/E Multiple.| 6282025 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 83.95 | 112.94 | 34.54% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 885.25 | 944.25 | 6.66% |
| Net Income Margin (%) | 14.18% | 14.12% | -0.38% |
| P/E Multiple | 40.51 | 51.44 | 27.01% |
| Shares Outstanding (Mil) | 60.56 | 60.75 | -0.31% |
| Cumulative Contribution | 34.53% |
Market Drivers
6/28/2025 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ORA | 34.5% | |
| Market (SPY) | 12.6% | 49.9% |
| Sector (XLU) | 5.9% | 43.7% |
Fundamental Drivers
The 67.3% change in ORA stock from 12/27/2024 to 12/27/2025 was primarily driven by a 49.5% change in the company's P/E Multiple.| 12272024 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 67.52 | 112.94 | 67.26% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 890.25 | 944.25 | 6.07% |
| Net Income Margin (%) | 13.33% | 14.12% | 5.99% |
| P/E Multiple | 34.42 | 51.44 | 49.45% |
| Shares Outstanding (Mil) | 60.48 | 60.75 | -0.44% |
| Cumulative Contribution | 67.26% |
Market Drivers
12/27/2024 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ORA | 67.3% | |
| Market (SPY) | 17.0% | 37.1% |
| Sector (XLU) | 14.8% | 45.4% |
Fundamental Drivers
The 33.2% change in ORA stock from 12/28/2022 to 12/27/2025 was primarily driven by a 52.4% change in the company's Net Income Margin (%).| 12282022 | 12272025 | Change | |
|---|---|---|---|
| Stock Price ($) | 84.79 | 112.94 | 33.19% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 719.66 | 944.25 | 31.21% |
| Net Income Margin (%) | 9.27% | 14.12% | 52.38% |
| P/E Multiple | 71.19 | 51.44 | -27.73% |
| Shares Outstanding (Mil) | 56.00 | 60.75 | -8.48% |
| Cumulative Contribution | 32.23% |
Market Drivers
12/28/2023 to 12/27/2025| Return | Correlation | |
|---|---|---|
| ORA | 48.3% | |
| Market (SPY) | 48.0% | 36.4% |
| Sector (XLU) | 42.1% | 45.7% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ORA Return | 22% | -12% | 10% | -12% | -10% | 70% | 59% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| ORA Win Rate | 50% | 58% | 58% | 50% | 58% | 92% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| ORA Max Drawdown | -26% | -29% | -21% | -31% | -21% | -8% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See ORA Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | ORA | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -53.2% | -25.4% |
| % Gain to Breakeven | 113.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -36.5% | -33.9% |
| % Gain to Breakeven | 57.4% | 51.3% |
| Time to Breakeven | 88 days | 148 days |
| 2018 Correction | ||
| % Loss | -29.4% | -19.8% |
| % Gain to Breakeven | 41.5% | 24.7% |
| Time to Breakeven | 275 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -59.9% | -56.8% |
| % Gain to Breakeven | 149.5% | 131.3% |
| Time to Breakeven | 3,037 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Ormat Technologies's stock fell -53.2% during the 2022 Inflation Shock from a high on 2/10/2021. A -53.2% loss requires a 113.6% gain to breakeven.
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AI Analysis | Feedback
- Geothermal Power Generation: Owns and operates geothermal power plants to produce and sell clean, renewable electricity.
- Recovered Energy Power Generation: Owns and operates recovered energy power plants that convert waste heat into electricity.
- Ormat Energy Converters (OEC): Designs, manufactures, and sells proprietary power generation equipment for geothermal and waste heat applications.
- EPC Services: Provides engineering, procurement, and construction services for developing geothermal and recovered energy power plants for clients.
AI Analysis | Feedback
Ormat Technologies (ORA) primarily sells to other companies (B2B model).
Its major customers are generally utility companies that purchase electricity under long-term power purchase agreements (PPAs), as well as other power producers and industrial users who purchase equipment or energy solutions. Based on its significant project portfolio and publicly available information, key utility customers include:
- Southern California Edison (SCE), a subsidiary of Edison International (EIX)
- NV Energy, a subsidiary of Berkshire Hathaway Energy, which is owned by Berkshire Hathaway Inc. (BRK.A, BRK.B)
- Pacific Gas and Electric Company (PG&E), a subsidiary of PG&E Corporation (PCG)
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Doron Blachar, Chief Executive Officer
Mr. Blachar became CEO of Ormat in July 2020, having previously served as the company's CFO from April 2013. His prior experience includes serving as CFO of Shikun & Binui Ltd. from 2009 to 2013. He was also Vice President Finance of Teva Pharmaceutical Industries Ltd. from 2005 to 2009 and held various positions, including Vice President Finance, at Amdocs Limited from 1998 to 2005. Mr. Blachar is a Certified Public Accountant and holds a BA in Accounting and Economics and an MBA from Tel Aviv University.
Assaf Ginzburg, Chief Financial Officer
Mr. Ginzburg became Chief Financial Officer of Ormat in May 2020. Before joining Ormat, he served as Executive Vice President and Chief Financial Officer of Delek US Holdings, Inc. (NYSE: DK) and Delek Logistics Partners, LP (NYSE: DKL). He brings over 15 years of experience in the energy industry. Mr. Ginzburg earned a BA in Economics and Accounting from Tel-Aviv University and has been a member of the Israeli Institute of Certified Public Accountants since 2001.
Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary
Ms. Woelfel has served as Ormat's Chief Compliance Officer & General Counsel since March 2021. She joined Ormat in January 2019 as Vice President, U.S. Legal. With nearly 20 years of legal experience, Ms. Woelfel was previously an associate and partner at major law firms in San Francisco, California, and Reno, Nevada. She holds a Bachelor's degree from the University of California, Berkeley, and a J.D. from the University of California, Hastings College of Law.
Ofer Benyosef, Executive Vice President, Energy Storage and Business Development
Mr. Benyosef has served as Ormat's Executive Vice President - Business Development, Sales and Marketing since April 2020. From 2008 to 2019, he served as Division President at Amdocs Ltd., where he also held other operational roles from 2000 to 2008. Earlier, he served as IT manager at AIG Israel from 1996 to 2000. Mr. Benyosef holds a BA in Earth Science from Bar Ilan University, a BA in Software Development from Tel-Aviv University, and an MBA from Bar Ilan University.
Aron Willis, Executive Vice President, Electricity Segment
Mr. Willis joined Ormat in June 2025 as Executive Vice President, Electricity Segment. He brings over 25 years of extensive experience in the power generation industry, with significant leadership roles at TransAlta Corporation and Northwest Digital Power. At TransAlta, he held positions including Executive Vice President of Project Delivery & Construction, Executive Vice President of Growth, and Senior Vice President of Operations & Commercial Management, managing their Australian operations for 10 years.
AI Analysis | Feedback
Ormat Technologies (ORA) faces several key risks, primarily stemming from the inherent nature of its geothermal and energy storage operations, as well as its ambitious growth strategy.Key Risks to Ormat Technologies (ORA)
- Operational and Geological Risks: The core of Ormat's business, geothermal power generation, is inherently exposed to significant operational and geological uncertainties. These include the potential for unexpected maintenance costs, equipment failures, labor disputes, and catastrophic events such as natural disasters. Furthermore, the exploration and development of geothermal resources are subject to geological uncertainties, which can lead to increased costs or reduced operational efficiency. These factors are persistent risks for the company's Electricity segment.
- Execution Risks of Growth Strategy and Expansion: Ormat has an ambitious strategic plan to expand its energy storage market presence and grow its geothermal business, which involves substantial capital expenditures. The success of this strategy is critical but carries significant execution risks. These risks include potential delays in project completions, cost overruns, and technical challenges in implementing new technologies. The company's ability to maintain margins while expanding its portfolio and navigating these challenges is crucial. This is often cited as a core or near-term risk to the business.
- Regulatory and Market Risks: As a participant in the renewable energy sector, Ormat is exposed to stringent and evolving regulations, as well as shifts in government policies. Changes in government incentives, tariffs, trade agreements, and environmental compliance requirements can significantly impact the company's operations and financial condition. Additionally, market volatility, fluctuations in merchant prices, and competition from other renewable energy sources and technologies pose threats to Ormat's profitability and investment returns.
AI Analysis | Feedback
Rapid advancement and commercialization of next-generation Advanced Geothermal Systems (AGS) and Enhanced Geothermal Systems (EGS) by new industry players. These technologies promise to unlock geothermal resources in more diverse geological settings and potentially at lower costs than traditional hydrothermal methods, challenging Ormat's established project development and equipment supply business in the geothermal sector.
AI Analysis | Feedback
Ormat Technologies (ORA) operates in the geothermal power and energy storage markets, with products and services also encompassing recovered energy generation and the sale of power plant equipment.
Addressable Markets:
Geothermal Power
- The global geothermal power market was valued at approximately USD 8.75 billion in 2024 and is projected to reach about USD 12.68 billion by 2033.
- Another estimate for the global geothermal power market size was USD 6.95 billion in 2025 and is anticipated to reach approximately USD 10.78 billion by 2034.
- North America is a significant region in the global geothermal power market.
- The Asia Pacific region dominated the geothermal energy market with a 34.7% revenue share in 2023.
Energy Storage Solutions
- The global stationary energy storage market was valued at USD 90.36 billion in 2024 and is projected to reach USD 231.06 billion by 2032.
- The global battery energy storage market size is estimated to be USD 50.81 billion in 2025 and is projected to reach USD 105.96 billion by 2030.
- The broader global energy storage market is estimated at USD 295 billion in 2025 and is expected to reach USD 465 billion by 2030.
Recovered Energy Generation and Product Segment (Equipment Sales)
Specific addressable market sizes for recovered energy generation as a standalone product or service, separate from the broader geothermal or industrial waste heat recovery sectors, were not identified in the available information. Similarly, a distinct addressable market size for Ormat's product segment (selling equipment like turbines, generators, and heat exchangers) was not readily available as a separate market from the power plant construction and operation markets it serves.
AI Analysis | Feedback
Ormat Technologies (ORA) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:
- Growth in the Energy Storage Segment: Ormat's energy storage segment has demonstrated significant expansion, with a remarkable 108% increase in revenue in Q3 2025. This growth is anticipated to continue, fueled by the successful commissioning of new storage facilities and an elevated 2025 revenue forecast for this segment.
- Expansion of Geothermal Energy Footprint: As a leader in geothermal energy, Ormat is focused on expanding its global presence, particularly through strategic initiatives in international markets such as Indonesia and New Zealand. The company aims to grow its total portfolio capacity to 2.6-2.8 GW by 2028, with the electricity segment, its largest revenue contributor, benefiting from increased generation and higher electricity prices.
- Robust Product Segment Performance and Backlog: The product segment, which involves the sale of geothermal equipment and power plants, experienced substantial growth with a 66.6% revenue increase in Q3 2025. This segment's robust backlog, which increased by 79% compared to Q3 2024, provides strong visibility and underpins future revenue generation.
- Strategic Partnerships in Enhanced Geothermal Systems (EGS): Ormat has formed strategic collaborations with companies like SLB and Sage Geosystems to develop and pilot Enhanced Geothermal Systems (EGS) technology. These partnerships are expected to unlock new project opportunities and allow Ormat to deploy next-generation geothermal technology beyond conventional resource areas.
- Favorable Policy Support and Regulatory Environment: The company benefits from a supportive regulatory environment, including extensions of production and investment tax credits (PTC/ITC). These policy tailwinds are expected to lower project costs, boost net margins, and accelerate project development, thereby contributing to revenue growth.
AI Analysis | Feedback
Share Repurchases
- Ormat Technologies reported stock buybacks valued at $1.80 billion for the period ending June 29, 2022.
Share Issuance
- Ormat Technologies' basic shares outstanding increased from $0.056 billion in 2022 to $0.06 billion in 2024, and further to $0.061 billion by June 30, 2025.
- Net total equity issued by Ormat Technologies in 2023 was $0.342 billion.
Inbound Investments
- On May 20, 2025, Ormat Technologies entered a hybrid tax equity partnership where a private investor acquired indirect membership interests in two energy storage facilities for an estimated total of $62.0 million, with $32.7 million paid during the second and third quarters of 2025.
Outbound Investments
- Ormat Technologies completed the acquisition of the Blue Mountain geothermal power plant from Cyrq Energy for $88 million on June 18, 2025, adding 20MW to its electricity generation portfolio.
- On January 4, 2024, Ormat Technologies completed the acquisition of a 150 MW portfolio of geothermal and solar PV assets from Enel Green Power North America for approximately $270 million.
- In July 2021, Ormat Technologies agreed to acquire two contracted geothermal assets in Nevada from TG Geothermal Portfolio, LLC for approximately $380 million.
Capital Expenditures
- Capital expenditures for the nine months ending September 30, 2025, were $474.7 million.
- The capital expenditure budget for 2024 was revised up to $550 million to $570 million, primarily driven by heightened demand for storage projects.
- Estimated capital needs for the remainder of 2025 include $140 million for capital expenditures on new projects under development or construction, exploration activity, and maintenance.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to ORA. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | -0.3% | -0.3% | -2.4% |
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.5% | 5.5% | -0.8% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 10.2% | 10.2% | -3.2% |
| 02292020 | ORA | Ormat Technologies | Quality | Q | Momentum | UpsideQuality Stocks with Momentum and UpsideBuying quality stocks with strong momentum but still having room to run | -11.1% | 23.7% | -20.9% |
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Peer Comparisons for Ormat Technologies
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 95.55 |
| Mkt Cap | 158.8 |
| Rev LTM | 56,496 |
| Op Inc LTM | 7,584 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 8,590 |
| CFO 3Y Avg | 8,697 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.0% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.4% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 18.3% |
| Op Mgn 3Y Avg | 18.4% |
| QoQ Delta Op Mgn LTM | -0.1% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Electricity | 667 | 632 | 586 | 541 | 540 |
| Product | 134 | 155 | 47 | 148 | 191 |
| Energy Storage | 29 | 31 | 30 | 16 | 15 |
| Intersegment revenues | -83 | ||||
| Total | 829 | 734 | 663 | 705 | 746 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Electricity | 169 | 156 | 172 | 205 | 177 |
| Product | 4 | -1 | -4 | 13 | 23 |
| Energy Storage | -6 | -2 | 1 | -4 | -7 |
| Total | 167 | 153 | 169 | 214 | 194 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Electricity | 4,652 | 4,254 | 4,142 | 3,607 | 3,045 |
| Energy Storage | 356 | 240 | 170 | 136 | 80 |
| Product | 200 | 118 | 114 | 146 | 126 |
| Total | 5,208 | 4,612 | 4,426 | 3,889 | 3,250 |
Price Behavior
| Market Price | $112.94 | |
| Market Cap ($ Bil) | 6.9 | |
| First Trading Date | 11/11/2004 | |
| Distance from 52W High | -1.8% | |
| 50 Days | 200 Days | |
| DMA Price | $110.22 | $89.84 |
| DMA Trend | up | up |
| Distance from DMA | 2.5% | 25.7% |
| 3M | 1YR | |
| Volatility | 26.7% | 24.8% |
| Downside Capture | 120.94 | 28.35 |
| Upside Capture | 181.26 | 74.68 |
| Correlation (SPY) | 59.1% | 37.5% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.08 | 1.12 | 1.06 | 0.95 | 0.51 | 0.67 |
| Up Beta | 1.31 | 1.08 | 1.27 | 1.37 | 0.46 | 0.55 |
| Down Beta | 1.97 | 0.99 | 0.99 | 1.26 | 0.57 | 0.63 |
| Up Capture | 149% | 178% | 153% | 117% | 56% | 44% |
| Bmk +ve Days | 13 | 26 | 39 | 74 | 142 | 427 |
| Stock +ve Days | 12 | 26 | 39 | 72 | 132 | 388 |
| Down Capture | 58% | 80% | 69% | 21% | 51% | 94% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 16 | 24 | 54 | 116 | 361 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of ORA With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 68.2% | 15.2% | 17.8% | 72.1% | 8.6% | 4.4% | -8.2% |
| Annualized Volatility | 24.8% | 15.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 2.04 | 0.70 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 45.6% | 37.6% | 11.5% | 17.2% | 37.3% | 22.7% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data
| Comparison of ORA With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 7.2% | 9.7% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 32.7% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.6% |
| Sharpe Ratio | 0.27 | 0.43 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 40.9% | 41.2% | 18.3% | 15.9% | 42.9% | 21.6% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of ORA With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| ORA | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 13.0% | 10.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 31.6% | 19.2% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.46 | 0.48 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 43.4% | 46.4% | 10.5% | 18.8% | 43.2% | 15.4% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 11/3/2025 | 0.8% | 6.3% | 4.3% |
| 8/7/2025 | -0.7% | 1.2% | 3.9% |
| 5/8/2025 | 1.0% | 1.4% | 5.2% |
| 2/27/2025 | 1.3% | 0.6% | 2.5% |
| 11/6/2024 | 1.4% | -3.3% | -3.4% |
| 8/6/2024 | -2.0% | -1.7% | -0.2% |
| 5/8/2024 | 0.6% | 6.7% | 8.2% |
| 2/22/2024 | 0.7% | 1.8% | 3.8% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 15 | 14 |
| # Negative | 9 | 8 | 9 |
| Median Positive | 1.3% | 3.7% | 4.9% |
| Median Negative | -2.1% | -2.0% | -3.4% |
| Max Positive | 11.1% | 14.1% | 24.8% |
| Max Negative | -13.1% | -21.9% | -28.2% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 11052025 | 10-Q 9/30/2025 |
| 6302025 | 8072025 | 10-Q 6/30/2025 |
| 3312025 | 5082025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11072024 | 10-Q 9/30/2024 |
| 6302024 | 8072024 | 10-Q 6/30/2024 |
| 3312024 | 5102024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11092023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5102023 | 10-Q 3/31/2023 |
| 12312022 | 2242023 | 10-K 12/31/2022 |
| 9302022 | 11032022 | 10-Q 9/30/2022 |
| 6302022 | 8042022 | 10-Q 6/30/2022 |
| 3312022 | 5042022 | 10-Q 3/31/2022 |
| 12312021 | 2252022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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