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Ormat Technologies · Utilities

ORA US listed · USD美股 · 美元

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States.Ormat Technologies, Inc. 是一家国际公司，总部位于美国内华达州里诺市。

Mid cap中盘 · $5B Utilities S&P 400标普400中盘 Distressed困境股
$87.09
Regular quote常规时段报价
-$1.01 · -1.15%
Extended quote unavailable. Showing the regular quote.盘前盘后报价暂不可用，现显示常规时段报价。
52w low52周低 $84.81high高 $147
Hold off — timing against you暂缓 — 时机不利 Downtrend — stand aside until a new cycle low forms and confirms.下跌趋势——观望，直至新的周期低点形成并确认。 As of 2026-10-26截至 2026-10-26

Company news公司新闻

The latest reporting最新报道

One story, with the reporting behind it.将同一事件汇总，保留各来源报道。

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Company intelligence公司情报

The latest call, in context把最新财报放回历史脉络

A synthesized event record across management commentary and recorded metrics. Read as context; verify exact wording in the transcript before relying.综合管理层表述与记录指标形成事件档案。仅供参考；使用前请在电话会原文中核对准确措辞。

Checking latest record正在检查最新记录

Live company record实时公司记录

JavaScript loads the source-bounded event record here. Open Terminal if the live module does not start.JavaScript 会在此加载受来源约束的事件记录。如实时模块未启动，请打开终端。

Continue with full transcript history继续查看完整电话会历史 ↗

Price chart价格图表

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The interactive chart could not load here.互动图表暂时无法在此加载。 Open the live chart in Terminal在终端中打开实时图表 ↗
Candles, volume and moving averages — pan and zoom inside the chart.蜡烛图、成交量与均线 — 图内可缩放拖动。 MMastermind Terminal — live & interactiveMastermind 终端 — 实时互动 ↗

Technicals技术面

daily bars日线数据 · 2026-10-26
Momentum (RSI 14)动量（RSI 14） 40
Depressed偏低
vs 50-day average相对50日均线 -10.2% below下方 Below trend跌破趋势
vs 200-day average相对200日均线 -22.3% below下方 Long trend down长期向下
Volatility波动率 44th percentile第44百分位
These readings feed the stance at the top — one source per number, refreshed nightly.以上读数构成页首的引擎立场 — 每个数字只有一个来源，每晚更新。

Earnings财务业绩

next report下次财报 2026-11-02
8
days to go天后公布

Estimates being cut预期下调

Beat in 3 of last 4 quarters近 4 季中 3 季超预期

+72.4% Jun 2026
+41.3% Mar 2026
0.0% Dec 2025
+10.8% Sep 2025

EPS surprise vs consensus, last quarters每股收益相对预期的超预期幅度（近几个季度） · average平均 31.1%

Valuation估值

Expensive vs sector相对行业偏贵
Multiple指标ORA Sector median行业中位Cheaper than相对便宜
P/E (trailing)市盈率（历史） 41.73x 20.65 2%
P/B市净率 2.08x 1.99 39%
Earnings yield盈利收益率 2.40% 4.83 6%
FCF yield自由现金流收益率 -5.37% -3.25 30%
Shareholder yield股东收益率 0.55% 2.90 7%
EV/EBITDA企业价值/EBITDA 16.93x 12.63 8%
"Cheaper than" = share of sector peers trading richer on that multiple.「相对便宜」= 行业中该指标估值更高的同行占比。

Financials财务数据

fiscal years财年
Revenue营业收入 $989.5M2025
20202025
5-yr growth5年复合增速 7.0%
Earnings per share每股收益 $2.022025
20202025
5-yr growth5年复合增速 4.1%
Free cash flow自由现金流 -$284.7M2025
20202025
Operating margin营业利润率
17.1%
Balance-sheet quality财务体质 4/9 Bankruptcy risk: distress zone破产风险：警戒区 Return on equity股本回报率 5% Warning警示

Leverage杠杆

Net debt / EBITDA净债务/EBITDA5.45
Current ratio流动比率0.81

Capital allocation资本配置

Buybacks (TTM)回购（TTM）$0
Stock-based comp股权薪酬$19.4M
Share count change (1y)股数变化（1年）+0.6%

Debt coming due到期债务

FY2025 10-K

In the 12-month bucket following fiscal period end 2025-12-31, it reported $303.7M due — about 11% of its disclosed principal.在财年期末 2025-12-31 之后12个月的区间内，已披露到期本金为 $303.7M，约占其披露本金的 11%。

All maturity buckets are measured from fiscal period end 2025-12-31, not from today.所有到期区间均从财年期末 2025-12-31 起算，而非从今天起算。

First 12 months after period end报告期末之后首12个月 $303.7M
Year 2第2年 $780.9M
Year 3第3年 $335.1M
Year 4第4年 $313.2M
Year 5第5年 $211.7M
After year 55年以后 $716.0M

Cash reported at 2025-12-31: $147448000.截至 2025-12-31 披露的现金：$147448000。 At the cash-burn pace reported over 2025-01-01 to 2025-12-31, that cash represented about 6.2 months. This scenario excludes debt payments and future financing.按 2025-01-01 至 2025-12-31 期间披露的现金消耗速度，该现金约对应 6.2 个月。此情景不包括债务偿还与未来融资。

Cash reported at 2025-12-31 covers 49% of issuer-reported principal in the 12-month bucket following that fiscal period end.截至 2025-12-31 披露的现金可覆盖该财年期末之后12个月区间内发行人已披露到期本金的 49%。

Cash shortfall against that reported principal: $156205000相对该已披露本金的现金缺口：$156205000。

Sources and cash-flow calculation来源与现金流计算

Figures are XBRL facts from one filing — no two years are mixed. Filing数据取自同一份文件中的 XBRL 事实，不跨文件拼接。文件 0001296445-26-000006, period ending报告期截至 2025-12-31, unit单位 USD. Cache acquired缓存获取时间: 2026-09-30T09:03:34.173778+00:00. 6/6 buckets reported.个区间有披露。

  • LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
  • LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
  • LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
  • LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
  • LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
  • LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive

Annual period年度区间 2025-01-01 — 2025-12-31 · USD · 10-K · 0001296445-26-000006 · Filed提交日期 2026-02-26.

Cache acquired缓存获取时间: 2026-09-30T09:03:34.173778+00:00 · Evaluated as of评估截至 2026-10-26.

  • Reported operating cash flow已披露经营活动现金流: $335101000
  • Reported equipment spending (capex outflow)已披露设备支出（资本开支流出）: $619776000
  • Derived free cash flow (operating cash flow minus capex)计算所得自由现金流（经营现金流减资本开支）: $-284675000

Cash is the reported balance at period end. The runway scenario holds this annual cash-flow pace constant and excludes debt payments, restricted-cash adjustments and future financing.现金为期末已披露余额。现金跑道情景假设本年度现金流速度保持不变，不包括债务偿还、受限现金调整与未来融资。

Research context only — reported figures from SEC filings, not a rating, a signal or investment advice.仅供研究参考 — 数据摘自 SEC 文件披露口径，不构成评级、信号或投资建议。

Why is it moving为何波动

6 checks · nightly六项检查 · 每晚
Macro宏观 Long-duration name into a restrictive, rising-real-rate regime → rate headwind.长久期标的进入偏紧、实际利率上行的环境→利率逆风。
Positioning持仓 Insider cluster activity内部人集中交易
Technical技术面 ORA made a new 52-week lowORA 创52周新低

Ownership & smart money持仓与聪明钱

13F

Insider activity:内部人动向： -$5.4M net (0 buyers, 8 sellers)-$5.4M 净值（0 买家，8 卖家）

Signal history信号历史

engine events引擎事件
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势 AVOID. Failed cycle — price broke below the low that started this cycle, which historically means the larger trend is rolling over (~80% of cases). Last cycle was left-translated (topped early) — a bearish structural tell回避。失败周期——价格跌破了启动本周期的低点，历史上这通常意味着更大的趋势正在掉头向下（约 80% 的情形）。 上一周期为左移结构（见顶偏早）——属于看空的结构性信号
Oct 19, 2026
ORA made a new 52-week lowORA 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $86.64.价格创出52周新低 — 全市场关注的动量/趋势极值。$86.64。
Oct 14, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 14, 2026
ORA made a new 52-week lowORA 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $88.19.价格创出52周新低 — 全市场关注的动量/趋势极值。$88.19。
Oct 8, 2026
ORA made a new 52-week lowORA 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $88.64.价格创出52周新低 — 全市场关注的动量/趋势极值。$88.64。
Oct 7, 2026
UNCONFIRMED TURN → DOWNTREND未确认转向 → 下跌趋势
AVOID回避
Oct 6, 2026
DOWNTREND → UNCONFIRMED TURN下跌趋势 → 未确认转向
HIGH-RISK · NIMBLE ONLY高风险 · 仅限灵活操作
Oct 5, 2026
ORA daily MACD crossed upORA 日线MACD上穿
The daily MACD histogram turned positive — fast and noisy, context rather than a standalone trigger. $91.29.日线MACD柱状图转正 — 快速且嘈杂，仅作背景。$91.29。
Oct 1, 2026
ORA made a new 52-week lowORA 创52周新低
Price reached a fresh 52-week low — a momentum / trend extreme the whole market watches. $89.66.价格创出52周新低 — 全市场关注的动量/趋势极值。$89.66。
Showing the last 15 of显示最近15条，共 272 signals条信号

Company profile公司档案

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States.Ormat Technologies, Inc. 是一家国际公司，总部位于美国内华达州里诺市。

Demand chain:需求链： Contracted bookings (RPO) decelerating (+59% YoY to ~$0B, 0.1× revenue) — signed demand locked in ahead of recognition已签约订单（RPO）增速放缓（同比+59%，约 $0B，覆盖营收 0.1 倍）——已锁定、尚未确认的需求

Style DNA — how it trades vs the market风格基因 — 相对市场的交易特征
Value价值
Below market低于市场
Profitability盈利能力
Below market低于市场
Quality质量
Below market低于市场
Investment资本投入
Below market低于市场
Shareholder payout股东回报
Below market低于市场
Low volatility低波动
Below market低于市场
Low market beta低市场敏感度
Below market低于市场
Earnings quality盈利质量
Below market低于市场
Short interest空头兴趣
Above market高于市场
Watch items — what could change the story关注项 — 可能改变故事的因素
  • Margin compression despite revenue growth
  • Capital intensity rising

The whole US universe — S&P 1500 and Russell 2000 — read nightly.覆盖标普1500与罗素2000全部成分股 — 每晚更新解读。

Signals, options positioning, smart-money moves and factor DNA — the same engine that wrote this page covers 2,700+ US stocks.信号、期权持仓、聪明钱动向与因子基因 — 撰写本页的引擎覆盖2700多只美股。

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Research context only — not investment advice. Past patterns do not guarantee future results.仅供研究参考，不构成投资建议。历史规律不代表未来表现。

Data through数据截至 2026-10-26 · regenerated nightly每晚更新 · Generated生成于 2026-10-26 05:47 UTC · All coverage所有股票 · Analyzer分析器