Ormat Techno (HNM) Stock Price & Analysis
HNM Stock Chart & Stats
- Day’s Range
- EUR 80.20 - EUR 80.20
- 52-Week Range
- EUR 76.20 - EUR 125.30
- Previous Close
- EUR 81.65
- Volume
- N/A
- Average Volume (3M)
- 42
- Market Cap
- EUR 5.03B
- Enterprise Value
- EUR 9.71B
- Total Cash (Recent Filing)
- EUR 513.75M
- Total Debt (Recent Filing)
- EUR 3.41B
- Price to Earnings (P/E)
- 45.3
- Beta
- -0.15
- Next Earnings
- Nov 04, 2026 (Est.)
- EPS Estimate
- 0.3
- Last Dividend Ex-Date
- Aug 19, 2026
- Dividend Yield
- 0.53%
Bulls Say, Bears Say
Bulls Say
Strong Revenue Growth And Profitability
Ormat combines substantial revenue expansion with continued profitability, demonstrating that its generation, equipment, and services model is scaling. A growing earnings base can support reinvestment in new capacity, strengthen its market position, and provide a durable foundation for further expansion.
Rapid Energy Storage Expansion
The storage business is becoming a meaningful growth engine alongside geothermal generation. Rapid revenue growth, a sizable operating base, and a multi-gigawatt pipeline broaden Ormat’s technology footprint and create additional opportunities for recurring revenue and portfolio diversification.
Integrated Portfolio And Technology Growth
Expansion of owned generation capacity supports long-term contracted electricity revenue while leveraging Ormat’s development and operating capabilities. Progress toward the 2028 portfolio target indicates a sustained investment program that can increase scale and reinforce its position in geothermal and related technologies.
Bears Say
Elevated Leverage
Material leverage reduces financial flexibility as Ormat funds a capital-intensive expansion program. Debt service and refinancing needs could absorb cash that might otherwise support development, while higher leverage increases sensitivity to operating setbacks, funding costs, and delays in bringing projects online.
Persistently Negative Free Cash Flow
Negative free cash flow indicates that investment requirements consistently exceed internally generated cash after capital spending. Continued reliance on debt or equity financing may constrain capital allocation and amplify balance-sheet pressure, particularly while Ormat is pursuing simultaneous electricity, storage, and EGS growth.
Segment Margin Pressure And Normalization Risk
Weak product revenue and low construction margins can weigh on consolidated profitability, while the expected storage margin normalization shows that recent gains may not be fully repeatable. This creates uncertainty around margin sustainability as project mix, construction costs, and merchant pricing change.
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Ormat Techno Stock Smart Score
Company Description
Ormat Techno
Ormat Technologies, Inc. (ORA) is a global enterprise dedicated to geothermal and recovered energy power solutions, with significant operations in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and various other international locations. The company's operations are divided into three distinct business units: Electricity Generation, Product Manufacturing, and Energy Storage Solutions. The Electricity Generation division handles the full spectrum of power plant development, from designing and constructing to owning and operating facilities that harness geothermal, solar photovoltaic, and recovered energy, subsequently selling the generated power. Through its Product Manufacturing segment, Ormat designs, produces, and distributes specialized equipment for geothermal and recovered energy electricity generation, including remote power units like fossil fuel-powered turbo-generators and heavy-duty direct-current generators. This segment also provides complete engineering, procurement, construction (EPC), and ongoing operation and maintenance (O&M) services for geothermal and recovered energy power plants. Its diverse clientele includes contractors, developers, owners, and operators of geothermal power facilities, as well as industrial entities such as operators of interstate natural gas pipelines, gas processing plants, cement factories, and other energy-intensive industrial processes. The Energy Storage Solutions segment delivers a wide array of services related to energy storage, encompassing the engineering, procurement, construction (EPC), and operational maintenance (O&M) of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.
- Sector
- Utilities
- Industry
- Renewable Utilities
- CEO
- Doron Blachar
- Employees
- 1,648
- Website
- www.ormat.com
- Address
- 6884 Sierra Center Parkway, Reno, NV, 89511-2210, US
Ormat Techno (HNM) Earnings & Revenues
HNM Company Deck
HNM Earnings Call
Earnings Call SentimentPositive
The call conveyed broad operational and financial momentum: double-digit revenue growth, strong gross profit expansion, a sizable year-over-year surge in energy storage revenue, raised full-year guidance, improved liquidity, and tangible progress on development and EGS initiatives. Weaknesses were concentrated in the product segment (lower revenue and margins), a modest GAAP net income decline due to a one-time storage project write-off, elevated leverage (net debt ~4.3x adjusted EBITDA), and the potential for energy storage margin normalization and weather-driven generation variability. On balance, the positive operational and strategic developments and the guidance increase outweigh the highlighted challenges.
View all DE:HNM earnings summariesHNM Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 9 | 3 | 10 |
| Technical Analysis | 3 | 3 | 4 |
| Moving Averages | 6 | 0 | 6 |
