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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.
Migdal Insurance & Financial Holdings Ltd. has filed a Schedule 13G reporting beneficial ownership of 3,040,648 shares of Ormat Technologies, Inc. common stock, representing 5% of the class as of January 20, 2026.
The filing shows Migdal has shared voting and dispositive power over all reported shares, with no sole voting or dispositive power. The stake is held through various Migdal subsidiaries, which manage insurance, pension, provident, mutual fund and portfolio accounts, and Migdal states the shares are not held to change or influence control of Ormat.
Ormat Technologies (ORA) reported insider transactions by its GC, CCO, and Corporate Secretary. On November 7, 2025, the officer exercised 1,000 Stock Appreciation Rights (SARs) at an exercise price of $71.15 and received 368 shares, then sold 368 shares in open-market trades at a weighted average price of $112.36. On November 10, 2025, the officer exercised 1,889 SARs at $71.15 and received 721 shares, then sold 721 shares at $115.00.
Following these transactions, the officer beneficially owned 3,433 shares of common stock directly. Derivative holdings reflected remaining SARs of 962 expiring on March 1, 2028. The filing notes that the sale prices on November 7 were executed across multiple trades within the $112.35–$112.39 range.
Ormat Technologies (ORA): The Chief Financial Officer reported an open‑market sale of common stock. On 11/07/2025, the officer sold 20,000 shares (Transaction Code S) at a weighted average price of $112.725, with trades executed between $112.53 and $113.03. Following the sale, the officer beneficially owned 4,482 shares, held directly.