Ormat TECHNO.

Geothermal power & recovered energy generation.

Sector: Renewable EnergyMarket cap: NIS 19.9B
All analyses

Analyses on Ormat TECHNO. (1)

Ormat Technologies 2025: The Electricity Engine Softened, Growth Still Needs More Capital

Ormat is entering 2026 with more credible growth engines in storage, Product and data-center-linked contracts, but 2025 also showed that the legacy Electricity engine weakened and that the balance sheet is already carrying the funding gap between accounting growth and cash gener…

February 26, 2026
Follow-up dives

Follow-up dives on Ormat TECHNO. (2)

Follow-up

Ormat: Will the Product Backlog Actually Turn Into Cash?

Ormat’s Product segment proved in 2025 that it can grow revenue and profit, but it has not yet proved that it can turn that jump into cash at the same pace. That makes 2026 a test of billing, collections and backlog replenishment, not just more revenue recognition.

February 26, 2026
Follow-up

Ormat: Is the Electricity Margin Decline Temporary or Structural?

The 2025 Electricity margin decline looks less like a one-off disruption and more like a mix of temporary operating pressure and a structurally heavier cost base.

February 26, 2026