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ORA – Ormat Technologies Inc

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Not Compliant

—X—

Industry: Electric Utilities | NYSE

Ormat Technologies Inc is not compliant with Shariah. The company’s financials fail all the five standards we check against.

Market cap: 4,210 MRev. Growth: 106.37%

AAOIFI ✗

Debt/MC39.49%
Non-Compliant Assets/MC1.03%
Impure Income (incl. Interest)0.32%
Impure Income%
Interest Income0.32%
Total0.32%

S&P ✗

Debt/36 mo MC42.84%
Cash/36 mo MC6.17%
AR/36 mo MC3.17%

DJIM ✗

Debt/24 mo MC40.86%
Cash/24 mo MC5.88%
AR/24 mo MC3.02%

FTSE ✗

Debt/Assets37.57%
Cash/Assets5.41%
Cash&AR/Assets8.19%
Impure Income (incl. Interest)0.32%
Impure Income%
Interest Income0.32%
Total0.32%

MSCI ✗

Debt/Assets37.57%
Cash/Assets5.41%
Cash&AR/Assets8.19%

Recommendation Rating

2.67

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 79.4

Low: 75

High: 85

Total Analysts: 6


Ormat Technologies, Inc. is a geothermal company engaged in geothermal and recovered energy generation (REG). The Company segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns and operates geothermal, solar Photovoltaic (PV) and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world and sell the electricity they generate. The Product segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation and remote power units and provide services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. The Energy Storage segment owns and operates grid connected In Front of the Meter (IFM) BESS facilities, which provide capacity, energy and ancillary services directly to the electric grid.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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