Ormat Technologies, Inc. Common Stock (ORA)
Frequently Asked Questions About Ormat Technologies, Inc. Common Stock (ORA)
Does Ormat Technologies pay dividends?
Yes, Ormat Technologies has a history of paying dividends to its shareholders. The company aims to provide a consistent return on investment through its dividend policy while also reinvesting in growth and expansion in the renewable energy sector.
How does Ormat contribute to sustainability?
Ormat contributes to sustainability by focusing on renewable energy sources, particularly geothermal energy, which produces minimal greenhouse gas emissions compared to fossil fuels. The company also emphasizes energy efficiency and the recovery of waste heat, supporting global efforts to reduce carbon footprints and combat climate change.
How does Ormat finance its projects?
Ormat finances its projects through a combination of cash flows from operations, debt financing, and equity financing. The company often collaborates with investors and financial institutions to secure the necessary capital for new developments and expansions.
How does Ormat impact local communities?
Ormat impacts local communities positively through job creation, economic development, and environmental stewardship. The company engages with local stakeholders to ensure that its projects benefit surrounding areas, providing employment opportunities and supporting community initiatives.
How many geothermal power plants does Ormat operate?
Ormat operates numerous geothermal power plants worldwide, with a substantial presence in locations such as the United States, Kenya, Indonesia, and Guatemala. As of recent years, the company has developed more than 1,000 megawatts (MW) of geothermal power across its portfolio.
Is Ormat Technologies publicly traded?
Yes, Ormat Technologies is publicly traded under the ticker symbol 'ORA' on the New York Stock Exchange (NYSE). The company went public in 2004, allowing investors to participate in its growth and success in the renewable energy sector.
What are Ormat's recent projects?
Recent projects by Ormat include the development of new geothermal power plants in the United States and international markets, including expansions in geothermal resources in Hawaii and California. The company is also actively engaging in projects aimed at enhancing energy recovery from industrial processes.
What are Ormat’s main competitive advantages?
Ormat's key competitive advantages include its proprietary technology in geothermal power generation, extensive experience in the energy market, a diverse portfolio of assets, and strong operational capabilities in project development and management. These factors allow Ormat to effectively deliver reliable renewable energy solutions.
What challenges does Ormat face in the energy market?
Ormat faces several challenges in the energy market, including regulatory hurdles, competition from other renewable energy sources such as solar and wind, and fluctuations in energy prices. Additionally, the upfront costs associated with geothermal project development can present economic challenges.
What does Ormat Technologies, Inc. do?
Ormat Technologies, Inc. is a leading global provider of renewable energy solutions, primarily focusing on geothermal energy and recovered energy generation. The company designs, develops, operates, and maintains geothermal power plants and has a portfolio that includes power generation technologies and innovative energy systems.
What geographical markets does Ormat operate in?
Ormat operates in several geographical markets, with major operations in the United States, particularly in Nevada and California. It also has a significant presence in international markets, including Kenya, Guatemala, and the Philippines, where it develops and operates geothermal power plants.
What innovations is Ormat pursuing?
Ormat is involved in various innovations related to geothermal energy and recovered energy technologies, including advancements in binary cycle power plants and energy storage solutions. The company continuously invests in research and development to enhance the efficiency and sustainability of its energy production methods.
What is Ormat's mission statement?
Ormat's mission is to lead the transformation to renewable energy by delivering sustainable energy solutions that ensure long-term growth for its stakeholders while preserving the environment. The company aims to create a more sustainable world through innovative technologies in geothermal and recovered energy generation.
What is the future outlook for Ormat Technologies?
The future outlook for Ormat Technologies appears positive as global demand for renewable energy continues to rise. The company's strategic investments in geothermal projects and recovered energy generation position it well to capitalize on the transition to sustainable energy sources and meet increasing energy needs.
What types of energy does Ormat focus on?
Ormat primarily focuses on geothermal energy and recovered energy generation. Their geothermal projects harness the energy from the Earth’s heat, while their recovered energy systems capture and convert waste heat from industrial processes into usable electricity.
When was Ormat Technologies founded?
Ormat Technologies was founded in 1965 by Isaac Angel and his father, who began developing geothermal power plants in Israel. The company has since expanded its operations globally and has become a prominent player in the renewable energy industry.
Where is Ormat Technologies headquartered?
Ormat Technologies is headquartered in Reno, Nevada, USA. This location serves as the base for its operations in North America and globally, where it focuses on the development, construction, and operation of renewable energy projects.
Who are Ormat's key executives?
Ormat's key executives include Doron Blachar, who serves as the Chief Executive Officer, and other members of the management team who bring extensive experience in the renewable energy sector. The leadership team focuses on strategic growth, operational excellence, and innovation in green energy solutions.
Who are Ormat's main competitors?
Ormat's main competitors include other companies in the renewable energy sector such as Calpine Corporation, Enel Green Power, and Orsted, as well as traditional energy companies that are also transitioning to renewable sources. Ormat distinguishes itself through its specialized focus on geothermal and recovered energy generation.
What is the current price of Ormat Technologies, Inc. Common Stock?
The current price of Ormat Technologies, Inc. Common Stock is 68.34
When was Ormat Technologies, Inc. Common Stock last traded?
The last trade of Ormat Technologies, Inc. Common Stock was at 7:00 pm EDT on April 4th, 2025
What is the market capitalization of Ormat Technologies, Inc. Common Stock?
The market capitalization of Ormat Technologies, Inc. Common Stock is 4.12B
How many shares of Ormat Technologies, Inc. Common Stock are outstanding?
Ormat Technologies, Inc. Common Stock has 60.26M shares outstanding.