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Ormat Technologies, Inc. (ORA)

NYSE - NYSE Delayed Price. Currency in USD
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56.54+0.10 (+0.18%)
At close: 4:02PM EDT

56.40 -0.11 (-0.19%)
After hours: 4:12PM EDT

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Ormat Technologies, Inc.

6225 Neil Road
Reno, NV 89511
United States
775-356-9029
http://www.ormat.com

SectorUtilities
IndustryElectric Utilities
Full Time Employees1,180

Key Executives

NameTitlePayExercisedAge
Mr. Isaac AngelChief Exec. OfficerN/AN/A61
Mr. Doron BlacharChief Financial Officer591.77k1.3M49
Mr. Bob SullivanExec. VP of Bus. Devel., Sales & Marketing406.93k11.2k54
Mr. Zvi KriegerExec. VP of Electricity Segment412.32k1.05M61
Mr. Shimon HatzirExec. VP of Engineering354.18k982.26k55
Amounts are as of December 31, 2016 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

Corporate Governance

Ormat Technologies, Inc.’s ISS Governance QualityScore as of August 1, 2017 is 3. The pillar scores are Audit: 2; Board: 2; Shareholder Rights: 5; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.