Key Drivers
- High margins
- Negative FCF
- Weak liquidity
AIAI Summary
Ormat's transformation into a contracted-revenue plus technology-growth platform materially improves revenue visibility but is currently being funded by very high capex, elevated leverage and a large convertible issuance—creating significant dilution and refinancing risk that must be resolved (via an FCF inflection, net-debt/EBITDA <~3x, or non-dilutive financing) to justify its growth valuation.
Price Chart
Financial Metrics
Deep Analysis
Research tool. Not personalized advice.
Fundamental Analysis
Key Financial Insights:
- •High margins
- •Negative FCF
- •Weak liquidity
ORA posts strong margins and positive operating cash flow but is undermined by negative free cash flow, heavy capex, weak short-term liquidity, high leverage and a stretched valuation.
Price Behavior
Key Price Behavior Insights:
- •Near lower range
- •Support interest
- •Resistance cluster
Short-term tilt modestly downward: the 2026-03-20 close at $106.42 is ~ $3 (≈2.9%) below last month's average (~$109.60), trading nearer the lower end of the last-month range with support around $103.60–$107 and resistance at $115–$117 (breaks below $103.60 bearish; reclaiming $115–$117 bullish).
Close at $106.42 sits ~3 points below last month's average (~$109.60), signaling short-term weakness
Sentiment & News
Key News Insights:
- •Revenue growth
- •Project milestones
- •$875M notes
Ormat delivered strong Q4 and FY25 revenue growth with 2026 guidance to $1.16B, advanced geothermal and storage projects, and launched an $875M convertible note raise amid institutional ownership shifts.
Positive operational and growth momentum should support Ormat's revenue trajectory and project pipeline, though the large convertible offering could pressure near-term equity dilution and credit metrics
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