BNET Industries

Ormat Technologies Inc.

(ORA) is in the Energy Industry

Market Cap:$1.7B
Last Fiscal Year Sales:$344.8M
  • Public
  • US
Dow Jones Description

Ormat frequently sets out a doormat to its environmentally sound power plants. Founded in 1965 and headquartered in Sparks, NV, Ormat Technologies, Inc. (NYSE: ORA) is a geothermal and recovered energy power company. Through geothermal technology, the company extracts hot water or steam that is vaporized and used to drive turbines, resulting in a clean and reusable energy source. Recovered energy uses heat that is produced in other industrial processes that would usually disappear into the air. The company employs about 730 people and it had 2005 revenue of about $238 million. In November 2005, it received the Nevada Governor's Distinguished Business of the Year award for 2005.

Number of Employees 733
Contact Information

6225 Neil Road, Suite 300

Reno, Nevada 89511-1136

www.ormat.com

775-356-9029

NAICS Code Electric Power Distribution: 221122

Recent Events

  • Israel stocks off; Israel Chemicals cut to sell

    12/08/09 - Bond / Stock Rating - View Story

  • Ardour Capital Downgrades Ormat Technologies ORA to Hold

    11/09/09 - Bond / Stock Rating - View Story

  • Ormat Technologies, Inc. Signs a New 20-Year PPA with Nevada Power Company for 30 MW...

    11/09/09 - Joint Venture / Alliance - View Story

  • Ormat near deal with Petrobras: Sources in the entourage of President Shimon Peres say the...

    11/12/09 - Financial Announcement - View Story

  • Bank of America Initiates Coverage on Ormat Technologies ORA with a Buy

    10/22/09 - Bond / Stock Rating - View Story

  • Ormat Technologies ups guidance on record revenue: The geothermal energy company says it's well positioned...

    8/06/09 - Financial Announcement - View Story

News & Analysis

ormat technologies inc. and seeking alpha - All News and Analysis

  • Ormat Technologies Inc. Q3 2008 Earnings Call Transcript

    Seeking Alpha - 2008-11-06

    Question-and-Answer SessionOperator Operator Instructions Your first question comes from Ben Kallo with Stanford Group. Ben Kallo Hi, good morning. Dita Bronicki Good morning Ben. Ben Kallo So you talked about the financing through the tax amortization I assume that’s probably you are working on Brawley, because that’s the...

    Tags: Seeking Alpha, Ormat Technologies Inc.

Decision Makers

Name (plus bio) Position
Yoram Bronicki President
Joseph Tenne Chief Financial Officer
Hezy Ram Executive Vice President
Joseph Shiloah Executive Vice President, Marketing & Sales
Nadav Amir Executive Vice President, Engineering
Zvi Reiss Executive Vice President, Project Management
Connie Stechman Vice President & Controller
Etty Rosner Vice President, Contract Admin & Secretary
Lisa Kidron Vice President, Finance Controls

Board of Directors

Name (plus bio) Position
Lucien Bronicki Chairman & CTO
Dan Falk Board of Directors
Elon Kohlberg Board of Directors
Jacob Worenklein Board of Directors
Yehudit Bronicki Board of Directors

Yoram Bronicki was appointed Chief Operating Officer, North America, for Ormat Technologies, Inc. on July 1, 2004. Yoram serves as a member of the Board of Directors of Ormat Industries Ltd., a position he has held since 2001, and as a member of the Board of Directors of OPTI Canada Inc. Mr. Bronicki has held a number of senior management and engineering roles with OPTI Canada, and Ormat Industries Ltd., including Vice-President, OPTI Canada, Project Manager of Ormat Industries Ltd. and Project Engineer of Ormat Industries Ltd. Mr. Bronicki is the son of Lucien and Dita Bronicki. Mr. Bronicki earned a Bachelor of Science in Mechanical Engineering from Tel Aviv University in 1989 and a Certificate from the Technion Institute of Management Senior Executives Program.

Organization Position Status
Ormat Technologies, Inc. President Current
Ormat President and Chief Operating Officer Current
Ormat Industries Ltd. Board of Directors Current
Ormat Board of Directors Current
OPTI Canada Inc. Board of Directors Current
Ormat Industries Ltd. President & COO Former
Ormat Chief Operating Officer Former
OPTI Canada Inc. Vice President, Orcrude Upgrading Former
Ormat Project Manager Former
Tel Aviv University B.Sc. In Mechanical Engineering Former

Organization Position Status
Ormat Chief Financial Officer Current
Ormat Technologies, Inc. Chief Financial Officer Current
Ormat Industries Ltd. CFO Current
Ai-Logix Inc. Director Current
AudioCodes Ltd. Director Current
Certified Public Accountants Partner Former
Tel Aviv University M.B.A. Former
Tel Aviv University B.A. In Accounting and Economics Former

Organization Position Status
Ormat Chairman of the Board and Chief Technology Officer Current
Ormat Industries Ltd. Chairman & CTO Current
Ormat Technologies, Inc. Chairman & CTO Current
Orad Hi Tec Systems Ltd Chairman of the Board of Directors Former
OPTI Canada Inc. Chairman of the Board of Directors Former
Orbotech Ltd. Co-Chairman Former

Organization Position Status
Ormat Industries Ltd. Executive Vice President, Business Development Current
Puna Geothermal Venture Executive Vice President, Ormat Technologies, Inc. Current
Ormat Technologies, Inc. Executive Vice President Current

Organization Position Status
Ormat Technologies, Inc. Executive Vice President, Marketing & Sales Current
Ormat Executive Vice President, Marketing & Sales Current
Ormat Industries Ltd. Executive Vice President of Marketing and Sales Former
Ormat Excutive V.P. Marketing Former
Hebrew University of Jerusalem Bachelor of Arts In Economics Former

Organization Position Status
Ormat Executive Vice President, Engineering Current
Ormat Technologies, Inc. Executive Vice President, Engineering Current
Ormat Industries Ltd. Executive Vice President, Engineering Current
Ormat Excutive V.P. Engineering Former

Organization Position Status
Ormat Executive Vice President, Project Management Current
Ormat Technologies, Inc. Executive Vice President, Project Management Current
Ormat Industries Ltd. Executive Vice President of Project Management Former
Ormat Excutivmang.Project Manag. Former
Ben-Gurion University of the Negev Bachelor of Science In Mechanical Engineering Former

Organization Position Status
Ormat Industries Ltd. Vice President Current
Ormat Technologies, Inc. Vice President & Controller Current
Ormat Current
California State University Bachelor of Science In Business Former

Organization Position Status
Ormat Industries Ltd. Secretary & Senior Vice President, Contract Mgmt Current
Ormat Vice President, Contract Administrator Current
Ormat Technologies, Inc. Vice President, Contract Admin & Secretary Current
Ormat Administration Executive Current
Ormat Industries Ltd. Board of Directors Current
Ormat Board of Directors Current
Ormat Industries Ltd. Vice President, Contract Administrator & Secretary Former
Ormat Industries Ltd. Contract Administration Manager Former
Tel Aviv University Diploma In General Management Former

Organization Position Status
Ormat Technologies, Inc. Vice President, Finance Controls Current
Ormat Industries Ltd. Manager, Finance Current

Organization Position Status
Sapiens International Corporation N.V. Chief Operating Officer Former
VP Finance Coo Current
Orbotech Ltd. Chief Financial Officer Former
Ormat Chair Current
Orad Hi Tec Systems Ltd Chairman of the Board of Directors Current
Dmatek Ltd Chairman of the Board of Directors Current
Plastopil Hazorea Company, Ltd. Chairman of the Board of Directors Current
Attunity Ltd. Board of Directors Current
Avt Inc. Board of Directors Current
Poalim Ventures Board of Directors Current
Nova Instruments Board of Directors Current
Vcortex Board Member Current
Ormat Industries Ltd. Board of Directors Current
Orbotech Ltd. Board of Directors Current
NICE Systems Ltd. Board of Directors Current
Ormat Technologies, Inc. Board of Directors Current
Sapiens International Corporation President and CEO Former
Orbotech Ltd. CEO Former
VP Finance CEO Former
Sapiens International Corporation N.V. Chief Executive Officer Former
Sapiens International Corporation N.V. President Former
Orbotech Ltd. Executive Vice President Former
Israel Discount Bank Ltd. Former
Dmatek Ltd Board of Directors Former
Hebrew University of Jerusalem Master of Business Administration Former
Hebrew University of Jerusalem Bachelor of Arts In Economics and Political Science Former
Visionix, Ltd. member Former

Elon Kohlberg is the Royal Little Professor of Business Administration at the Harvard Business School. Kohlberg received a B.Sc., M.Sc., and Ph.D. (summa cum laude) in mathematics from the Hebrew University of Jerusalem. His research is mainly in Game Theory, and in particular the study of non-cooperative equilibrium. Kohlberg has taught Mangerial Economics, Competitive Decision Making, Strategy, and Finance in the MBA, Ph.D., and executive programs at Harvard Business School. Kohlberg serves on the board of directors of Teva North America, Ormat Technologies, and Medinol, and is the founder and chairman of Digi-Block, Inc.

Organization Position Status
Digi-Block, Inc. Founder Current
Digi-Block, Inc. Chairman Current
Ormat Technologies, Inc. Board of Directors Current
Sternfisher Board of Directors Current
Medinol Ltd Board of Directors Current
Hebrew University of Jerusalem Ph.D. in mathematics Former

Mr. Worenklein serves as Chairman of the Audit Committee for Entech Solar. Mr. Worenklein served as chairman and CEO of US Power Generating Company (USPowerGen) from 2003 until 2008. Prior to founding USPowerGen, Mr. Worenklein served as a senior banker at Societe Generale and at Lehman Brothers. He previously was a partner at Milbank Tweed Hadley & McCloy, where he began the firm's power and project finance practices. Mr. Worenklein is currently a member of the Board of Directors of Ormat Technologies, Inc., of GridPoint, Inc., and of Entegra Power Group. Mr. Worenklein has a BA degree from Columbia College and JD and MBA degrees from NYU Law School and from NYU Graduate School of Business Administration, now the Stern School of Business.

Organization Position Status
Entech Solar Director, Chairman of The Audit Committee Current
Ormat Technologies, Inc. Board of Directors Current
Gridpoint, Inc. Board of Directors Current
Entech Solar Board of Directors Current
Ormat Board of Directors Current
The Interfaith Alliance Board of Directors Current
The Interfaith Alliance Chairman and Chief Executive Officer of US Power Generating Company Former
US Power Generating Company, LLC Chairman & CEO Former
NYU Stern School of Business Adjunct Professor of Finance Former
Astoria Former
New York University School of Law Jd Former
New York University Jd Former
New York University School of Law MBA Degrees Former
New York University MBA Degrees Former
Columbia College BA Degree Former

Organization Position Status
Ormat Industries Ltd. CEO Current
Ormat Technologies, Inc. Board of Directors Current
Ormat Industries Ltd. Board of Directors Current
Ormat Technologies, Inc. President & CEO Former
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     ORA $38.60 -0.78 (-1.98% )
Intraday | 3 Month | 6 Month | 1 Year
Average Volume 234,745
Shares Outstanding 45.42M
Market Cap 1.8B
Year High 44.13
Year Low 22.84
Earnings Per Share 1.44
P/E Ratio 26.81
Dividend 0.24
Yield 0.62
IndustryTop Rated
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