Ormat Technologies, Inc. (ORA)

jbk

Geothermal projects will get stimulus $, defraying capital exp. ORA provides the plant equipment to the "miners". Major assumption is that EBITDA averages 15%.

Needed a small cap with solid history in my virtual portfolio from this sector

Keep an eye on this one for the long run

Possibly overpriced, but this is a growth pick more than a value pick. I like geothermal's growth potential a lot right now. The market and the media have both been enamored more with solar and wind over the past few years, but geothermal is base-load and a much more viable long-term solution where it is available. Ormat is also a very well run company that has impressively performed in the past. Unfortunately, I haven't done enough DD to give a full write-up, but sometimes, I use CAPS as a way to trick myself into doing DD. You see ... now I have an incentive to research further! So, I'll give my preliminary green thumb to Ormat and maybe I'll start digging into it a bit more after this.

Geothermal electricity is a very underexploited low-hanging fruit in the global pursuit of clean baseload power. Ormat appears to be the dominant tech player in the field. If the geothermal story causes Ormat to outperform analysts' modest growth expectations, SP should grow back to $60 and well beyond over the next few years. Even if growth is modest, investors have always traded Ormat at a premium PE.

Cyclical action in an uncertain market in an adverse environment.

motley fool and environ report say winner, schwab rates "d" b/c of balance sheet.

Ormat has a realistic view on geothermal energy. They don't make any claims that finding and harnessing geothermal energy is easy. There CEO Lucien Bronicki understands the timetable necessary to find a suitable site with the necessary geological features for a long term plant as well as construction time. Ormat Technologies has also created a form of geothermal energy production that operates at lower temperatures increasing safety as well as operational life of their plants. With geothermal energy being the only realized alternative energy source that can be harnessed for base load power, and the fact that geothermal only accounts for 0.5% of national power production, there is plenty of room for this company to grow.

obama

Growing clean energy player.

#55 Best Corporate Citizen
http://www.business-ethics.com/node/75

Need for clean energy, brent price increase and availability of hot water sources across the country and around the world can only lead to higher turnovers and profits.

solid geothermal co., no concern about CO2

Big dog in the geothermal field. Should prosper for a long time in the world-wide race for green energy.

The 2008 results were actually hurt this Israel based company do to a strengthening U.S. dollar. Because of the frozen credit markets management has lowered capital expenditure dudget guidance for the year from $400 million to $250 million, this will most likely cause the company to lower their expected growth.

The new law signed in February includes a number of provisions aimed at supporting geothermal energy, should help this company thrive in the geothermal market through 2013. plus perceive over-saturation in the solar market, coupled with the new government incentives and subsidies should begin to renew attention on geothermal power.

Ormat, has been steadily increasing geothermal power generation capacity for five years in a carbon lush world. They have delivered positive earnings for the last five years, and a small divi. Global warming is worse than thought and demand for low carbon power will increase. Siemens and GE are competitors, but there will be plenty of work to go around. Ormat's recently opened Kenya plant is expected to be lower cost electricity than $29/bbl oil electricity according the politicians who supported it.

GEO

we need more base load green power

Ormat is currently constructing a new Geothermal plant for Nevada Geothermal (NGLPF) which is fully funded through a credit facility. They also have first refusal rights on new Nevada Geothermal construction, and have been and are likely to continue to be the provider of Geothermal generators for US Geothermal. This two Geothermal companies have a considerable portfolio of Geothermal properties under development. Furthermore, Ormat generators are modular, allowing the installed capacity to be easily adjusted to the size of the resource.. So, Ormat figures to do well even if the these Geothermal resources prove to have smaller capacities than these companies expect.