Ormat Technologies, Inc. (ORA) - Financial and Strategic SWOT Analysis Review by GlobalData

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									                 Ormat Technologies, Inc. (ORA) - Financial and Strategic SWOT
                                       Analysis Review
        Reference Code: GDAE10482FSA                                                                                          Publication Date: SEP 2012

          6225 Neil Road                                     Phone              +1 775 3569029                  Revenue          437 (million USD)
          Reno, NV                                           Fax                +1 775 3569039                  Net Profit       -43.06 (million USD)
          89511-1136                                         Website            www.ormat.com                   Employees        1,226
                                                                                ORA [New York Stock
          United States                                      Exchange                                           Industry         Alternative Energy
                                                                                Exchange]

       Company Overview
       Ormat Technologies, Inc. (Ormat) is a vertically integrated company. The company operates in the geothermal and recovered
       energy generation business. It designs, develops, builds, owns, and operates geothermal and recovered energy generation
       (REG) power plants. The company also supplies geothermal and recovered energy power generating equipment, complete power
       plants on a turnkey basis, and small sized power units for developers, utilities, and industrial users. The company sells the
       electricity generated to utilities under various long-term purchase agreements. It mainly operates in the US, Guatemala, Kenya,
       and Nicaragua.
       Key Executives                                                                SWOT Analysis
                      Name                                 Title                      Ormat Technologies, Inc., SWOT Analysis
         Yehudit "Dita" Bronicki             Chief Executive Officer                  Strengths                              Weaknesses
         Yoram Bronicki                      Chief Operating Officer
                                                                                      Vertically Integrated Business         Dependence on Limited
         Dan Falk                            Director                                 Model                                  Number of Customers
         Roger W. Gale                       Director
                                                                                      Focused Research and                   Substantial Debt
         Robert F. Clarke                    Director                                 Development Activities
        Source: Annual Report, Company Website, Primary and Secondary
        Research, GlobalData
                                                                                      Opportunities                          Threats
       Share Data
         Ormat Technologies, Inc.                                                     McGinness Hills Geothermal             Vulnerable to Competition
                                                                                      Power Plant
        Share Price (USD) as on 14-Sep-                                19.42                                                 Compliance with Environmental
        2012                                                                          Strategic Agreements                   Regulations
        EPS (USD)                                                       -0.95
        Market Cap (million USD)                                         882         Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData
        Enterprise Value (million USD)                                 1,821
        Shares Outstanding (million)                                       45
       Source: Annual Report, Company Website, Primary and Secondary
       Research, GlobalData

       Financial Performance                                                         Recent Developments
                                                                                      Aug 20, 2012         NV Energy Approves Commercial Operation
                                                                                                           Date For McGinness Hills Geothermal Power
                                                                                                           Plant In Nevada
                                                                                      Aug 01, 2012         Ormat Reports Revenue Of $129.8m In Q2
                                                                                                           2012
                                                                                      Jul 26, 2012         Ormat Technologies Announces Commercial
                                                                                                           Operation Of McGinness Hills Geothermal
                                                                                                           Power Plant In Lander, Nevada
                                                                                      Jul 16, 2012         Ormat Technologies Wins EPC Contract From
       Source: Annual Report, Company Website, Primary and Secondary
                                                                                                           Enel Green Power For Cove Fort Geothermal
       Research, GlobalData                                                                                Power Plant In Utah
                                                                                     Source: Annual Report, Company Website, Primary and Secondary Research,
                                                                                     GlobalData




Ormat Technologies, Inc. (ORA) - Financial and Strategic SWOT                                                                  Reference Code: GDAE10482FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                     Page 1
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Table of Contents
       Table of Contents ............................................................................................................................................................................... 2
          List of Tables .................................................................................................................................................................................. 4
          List of Figures ................................................................................................................................................................................. 4
       Section 1 - About the Company.......................................................................................................................................................... 5
       Ormat Technologies, Inc. - Key Facts ................................................................................................................................................ 5
       Ormat Technologies, Inc. - Key Employees ....................................................................................................................................... 6
       Ormat Technologies, Inc. - Key Employee Biographies ..................................................................................................................... 7
       Ormat Technologies, Inc. - Major Products and Services .................................................................................................................. 8
       Ormat Technologies, Inc. - History ..................................................................................................................................................... 9
       Ormat Technologies, Inc. - Company Statement.............................................................................................................................. 13
       Ormat Technologies, Inc. - Locations And Subsidiaries ................................................................................................................... 14
          Head Office ................................................................................................................................................................................... 14
          Other Locations & Subsidiaries ..................................................................................................................................................... 14
       Section 2 – Company Analysis ......................................................................................................................................................... 15
       Ormat Technologies, Inc. - Business Description ............................................................................................................................. 15
          Business Description - Electricity .................................................................................................................................................. 15
             Electricity - Overview ................................................................................................................................................................. 15
             Electricity - Production............................................................................................................................................................... 15
             Electricity - Financials................................................................................................................................................................ 15
             Electricity - Market View ........................................................................................................................................................... 15
          Business Description - Products ................................................................................................................................................... 16
             Products - Overview ................................................................................................................................................................. 16
             Products - Financials ................................................................................................................................................................ 16
       Ormat Technologies, Inc. - Corporate Strategy ................................................................................................................................ 17
       Ormat Technologies, Inc. - SWOT Analysis ..................................................................................................................................... 18
          SWOT Analysis - Overview........................................................................................................................................................... 18
          Ormat Technologies, Inc. - Strengths ........................................................................................................................................... 18
             Strength - Vertically Integrated Business Model........................................................................................................................ 18
             Strength - Focused Research and Development Activities ....................................................................................................... 18
             Strength - Strong Land Position ................................................................................................................................................ 18
             Strength - Strong Liquidity ......................................................................................................................................................... 18
          Ormat Technologies, Inc. - Weaknesses ...................................................................................................................................... 19
             Weakness - Dependence on Limited Number of Customers..................................................................................................... 19
             Weakness - Substantial Debt .................................................................................................................................................... 19
          Ormat Technologies, Inc. - Opportunities ..................................................................................................................................... 19
             Opportunity - McGinness Hills Geothermal Power Plant ........................................................................................................... 19
             Opportunity - Strategic Agreements .......................................................................................................................................... 19
             Opportunity - Renewable Energy Market .................................................................................................................................. 19
          Ormat Technologies, Inc. - Threats .............................................................................................................................................. 20
             Threat - Vulnerable to Competition ........................................................................................................................................... 20
             Threat - Compliance with Environmental Regulations ............................................................................................................... 20
             Threat - Geological Risks .......................................................................................................................................................... 20
       Ormat Technologies, Inc. - Key Competitors .................................................................................................................................... 21
       Section 3 – Company Financial Ratios ............................................................................................................................................. 22
       Financial Ratios - Capital Market Ratios........................................................................................................................................... 22


Ormat Technologies, Inc. (ORA) - Financial and Strategic SWOT                                                                                                  Reference Code: GDAE10482FSA
Analysis Review
Source : www.globalcompanyintelligence.com                                                                                                                                                                Page 2
© GlobalData. This report is a licensed product and is not to be copied, reproduced, shared or resold in any form
       Financial Ratios - Annual Ratios ...................................................................................................................................................... 22
       Performance Chart ........................................................................................................................................................................... 24
       Financial Performance...................................................................................................................................................................... 24
       Financial Ratios - Interim Ratios....................................................................................................................................................... 25
       Financial Ratios - Ratio Charts ......................................................................................................................................................... 26
       Section 4 – Company’s Power Financial Deals and Alliances .......................................................................................................... 27
          Ormat Technologies, Inc., Power, Deals By Year, 2006 to YTD 2012 .......................................................................................... 27
          Ormat Technologies, Inc., Power, Deals By Type, 2006 to YTD 2012 ......................................................................................... 28
       Ormat Technologies, Inc., Recent Deals Summary.......................................................................................................................... 29
       Section 5 – Company’s Recent Developments ....................................................................
								
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