Headquartered in Reno, NV Fiscal year ends December NYSE: ORA ormat.com
Ormat Technologies, Inc. (NYSE: ORA) is a vertically integrated geothermal and renewable energy company with six decades of experience. The company owns, operates, designs, manufactures, and sells geothermal and recovered energy generation (REG) power plants based on its proprietary Ormat Energy Converter technology, which converts low-, medium-, and high-temperature heat into electricity. Ormat has engineered, manufactured, and constructed power plants totaling approximately 3,600 MW of gross capacity worldwide. The company operates across three segments: Electricity (geothermal and solar power generation), Product (manufacturing and sale of power generation equipment), and Energy Storage (battery energy storage services). Its current generating portfolio is 1,850 MW, comprising a 1,355 MW geothermal and solar generation portfolio spread across the U.S., Kenya, Guatemala, Indonesia, Honduras, Dominica, and Guadeloupe, and a 495 MW energy storage portfolio in the U.S. Ormat is actively pursuing Enhanced Geothermal Systems (EGS) technology through pilot programs and partnerships, and is expanding its energy storage business to establish a position in the U.S. energy storage market. Updated
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Ormat Technologies, Inc. (NYSE: ORA) is a vertically integrated geothermal and renewable energy company with six decades of experience.
24/7 Wall St.'s 12-month price target for ORA is $147.44, rated Buy. The Wall Street consensus target is $127.67. ORA price prediction →
