Welcome to our dedicated page for Ormat Tech SEC filings (Ticker: ORA), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Ormat Technologies filings document the regulatory record for a NYSE-listed renewable energy operating company with common shares traded under ORA. Recent Form 8-K reports furnish operating and financial results, non-GAAP reconciliations, and exhibits tied to quarterly earnings releases.
The filing record also covers material definitive agreements and capital-structure disclosures, including indentures for Series A and Series B convertible senior notes due 2031. Proxy materials address shareholder voting matters, board governance, executive compensation, equity awards, and pay-versus-performance disclosures.
Ormat Technologies executive Jessica Woelfel, the company's GC, CCO, and CS, reported two open-market sales of common stock. On March 2, 2026, she sold 869 shares at $104.59 per share to cover tax withholding tied to Restricted Stock Units that vested on March 1, 2026. On March 3, 2026, she sold 2,359 shares at $105.16 per share under a pre-arranged Rule 10b5-1 trading plan. After these transactions, she directly owned 3,433 Ormat shares.
Benyosef Ofer reported acquisition or exercise transactions in this Form 4 filing.
Ormat Technologies executive Benyosef Ofer reported multiple equity award events dated March 1, 2026. Several tranches of restricted stock units and performance stock units vested and were settled into common stock at no cash cost, increasing his directly held common shares to 4,418.
The vested awards come from grants made on March 1, 2022 and other prior grants that vest over four-year and three-year schedules based on time and performance conditions. In addition, he received a new grant of 3,763 time-vesting RSUs that vest in roughly equal installments over the first, second and third anniversaries of the grant date.
ORMAT TECHNOLOGIES, INC. reported equity awards and vesting activity for executive Jessica Woelfel, its GC, CCO, and CS. On March 1, 2026, multiple batches of previously granted Restricted Stock Units (RSUs) and Performance Stock Units (PSUs) vested, and were converted into shares of common stock at a price of $0.00 per share.
The filing shows derivative exercises of RSUs totaling several small grants, alongside the fourth and final vesting installment of PSUs originally granted on March 1, 2022 and earned based on performance criteria. After these conversions, Woelfel directly owned 6,661 shares of common stock. In addition, she received a new grant of 4,980 time‑vesting RSUs on March 1, 2026, which are scheduled to vest in three annual installments.
ORMAT TECHNOLOGIES, INC. Chief Executive Officer Doron Blachar reported multiple equity compensation transactions dated March 1, 2026. Several tranches of Restricted Stock Units (including performance-based units) vested and were converted into shares of common stock at a price of $0.00 per share, consistent with equity award terms. In addition, he received a new grant of 12,653 time-vesting RSUs scheduled to vest in three annual installments. Following these conversions, Blachar directly owned 46,483 shares of Ormat common stock and held the new RSU award.
ORMAT TECHNOLOGIES, INC. Chief Financial Officer Assi Ginzburg reported multiple equity incentive transactions dated March 1, 2026. Several blocks of previously granted restricted stock units and performance stock units vested and were settled into a total of 5,030 shares of common stock at no cash exercise price.
The filing also shows a new award of 5,953 time-vesting RSUs granted on March 1, 2026, which will vest in roughly equal installments over three years as described in the footnotes. Following these transactions, Ginzburg directly owns 9,512 shares of common stock and 5,953 RSUs.
Willis Aron John reported acquisition or exercise transactions in this Form 4 filing.
ORMAT TECHNOLOGIES, INC. executive Aron John Willis, EVP of the Electricity Segment, received a grant of 3,463 restricted stock units. Each unit represents one share of ORA common stock upon vesting. The award vests over three years, with 33.3% vesting on the first and second anniversaries of the March 1, 2026 grant date and 33.34% vesting on the third anniversary.
ORA insider filed a Form 144 reporting a proposed sale of restricted/common stock. The filing lists proposed sales dated 03/01/2026 including 341 performance shares and 2,018 restricted shares, and shows 869 common shares sold on 03/02/2026.
Ormat Technologies is a vertically integrated renewable energy company focused on geothermal, recovered energy, solar PV and battery storage. It operates 35 power plants and complexes with 1,340MW of generating capacity as of late February 2026, including 1,031MW of geothermal capacity.
The business runs through three segments: Electricity (geothermal, REG and solar plants selling power mainly under long-term PPAs), Product (designing and selling Organic Rankine Cycle equipment and EPC services), and Energy Storage (19 grid-connected BESS projects totaling 415MW/1,038MWh in U.S. markets such as CAISO, ERCOT and PJM).
Ormat plans to add 310–410MW of Electricity segment capacity to reach 1.65–1.75GW by 2028 and to grow storage capacity to 950–1,050MW/2,500–2,900MWh by year-end 2028. Its strategy emphasizes international geothermal growth, expansion of in-front-of-the-meter storage, next‑generation geothermal technologies such as EGS, disciplined acquisitions, and continued investment in proprietary ORC technology and R&D.
Ormat Technologies reported higher sales but mostly flat profits for 2025. Total revenues reached $989.6 million, up 12.5% from 2024, driven by strong growth in Product and Energy Storage, while Electricity revenue dipped slightly.
Full-year gross profit was $272.7 million, essentially unchanged, and operating income was $169.2 million versus $172.5 million. Net income attributable to stockholders was $123.9 million, with diluted EPS of $2.02, similar to $2.04 a year earlier. Adjusted EBITDA rose 5.7% to $582.0 million, and Adjusted diluted EPS increased to $2.24.
Energy Storage revenue more than doubled year-over-year to $79.0 million, with significantly higher margins. Ormat highlighted new long-term PPAs, including a 15-year agreement of up to 150 MW for Google’s data centers and a 20-year deal for approximately 13 MW with Switch. The company reaffirmed its goal of 2.6–2.8 GW generating capacity by the end of 2028.
The board declared a quarterly dividend of $0.12 per share, payable on March 24, 2026, to shareholders of record on March 10, 2026, and currently expects to pay the same amount in each of the next three quarters.
Ormat Technologies signed a long-term geothermal power purchase agreement with NV Energy to supply up to 150MW of new geothermal capacity to support Google’s Nevada data center operations. The portfolio-style contract will cover multiple geothermal projects expected to start coming online between 2028 and 2030.
The 15-year contract term begins when the first project reaches commercial operations and extends 15 years beyond the final project’s start, providing long-duration revenue visibility once active. The agreement relies on NV Energy’s Clean Transition Tariff and is subject to approval by the Public Utilities Commission of Nevada, anticipated in the second half of 2026.
Ormat highlights this portfolio PPA as a key part of its growth strategy beyond 2028, supporting expanded geothermal exploration and development. The company currently has 1,695MW of total generating capacity, including 1,310MW of geothermal and solar and 385MW of energy storage assets spread across several global regions.