Ormat Technologies, Inc. Overview
Pro stress-test →Ormat is the only pure-play, vertically integrated geothermal company that designs, develops, builds, owns, manufactures and operates geothermal power plants worldwide. The company operates through three segments: Electricity (which develops and operates geothermal, solar, and recovered energy plants), Product (which manufactures equipment and provides EPC services), and Energy Storage (which provides battery storage systems).
Strategic Profile
Pro stress-test →Ormat has raised its revenue guidance for 2025 to $960-980 million, reflecting optimism about sustained momentum particularly in the Product segment expected to continue into 2026. The company holds a Buy consensus rating from 9 analysts as of February 11, 2026, with recent analyst upgrades signaling confidence in geothermal energy demand and energy transition tailwinds.
Competitive Landscape
Pro stress-test →Ormat operates in renewable energy and geothermal power generation. Key competitors include conventional renewable energy providers (solar/wind operators), energy storage companies, and industrial equipment manufacturers. The geothermal sector has limited pure-play competitors, providing Ormat significant differentiation as the only vertically integrated geothermal company operating globally.
Industry Context
Ormat Technologies, Inc. operates in Renewable Energy / Geothermal Power Generation.
Key facts
Founded: 1965 · Headquarters: Reno, Nevada · Revenue: $944M · Market cap: $7.9B