ORA (Ormat Technologies) Construction In Progress: $923 Mil (As of Mar. 2026)


ORA Ormat Technologies Inc ORA
86 GF Score
Price $110.94
GF Value $101.57
Valuation Fairly Valued
! 8 Warning Signs
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What is Ormat Technologies Construction In Progress?

Ormat Technologies ORA +1.87% 86 Construction In Progress is $923 Mil as of Mar. 2026. GuruFocus rates ORA with a GF Score™ of 86/100 and a GF Value™ of $101.57 (Fairly Valued). The stock has 8 warning signs investors should review.

Ormat Technologies's quarterly construction in progress declined from Sep. 2025 ($1,068 Mil) to Dec. 2025 ($1,048 Mil) and declined from Dec. 2025 ($1,048 Mil) to Mar. 2026 ($923 Mil).

Ormat Technologies's annual construction in progress declined from Dec. 2023 ($815 Mil) to Dec. 2024 ($756 Mil) but then increased from Dec. 2024 ($756 Mil) to Dec. 2025 ($1,048 Mil).

Ormat Technologies Construction In Progress Historical Data

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The historical data trend for Ormat Technologies's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ormat Technologies Construction In Progress Chart

Ormat Technologies Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Construction In Progress
Get a 7-Day Free Trial Premium Member Only Premium Member Only 721.48 893.20 814.97 755.59 1,048.17

Ormat Technologies Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Construction In Progress Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 844.87 1,024.24 1,067.94 1,048.17 923.26
ORA
86GF Score
Ormat Technologies Inc ORA
Construction In Progress is just one metric. See GF Score™, valuation, warning signs, and more.
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Ormat Technologies Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

What does a Construction In Progress of $923 Mil mean?
Ormat Technologies (ORA) has a Construction In Progress of $923 Mil as of Mar. 2026. Construction in Progress records the amount of construction work that is not complete. View historical data on Ormat Technologies and its competitors.
Is Ormat Technologies' Construction In Progress too high?
Ormat Technologies' current Construction In Progress is $923 Mil. Overall, Ormat Technologies has a GF Score™ of 86/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Ormat Technologies' Construction In Progress compare to MWH and CWEN?
Ormat Technologies' Construction In Progress of $923 Mil can be compared against companies in the Utilities - Independent Power Producers industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Construction In Progress for an Utilities - Independent Power Producers company?
A good Construction In Progress depends on the Utilities - Independent Power Producers industry context. However, Construction In Progress should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Construction In Progress mean?
A high Construction In Progress can signal that a stock is expensive relative to its fundamentals. Construction in Progress records the amount of construction work that is not complete. View historical data on Ormat Technologies and its competitors. Ormat Technologies's current Construction In Progress is $923 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Ormat Technologies stock overvalued right now?
Based on GuruFocus' analysis, Ormat Technologies (ORA) is currently considered Fairly Valued. The stock's GF Value™ is $101.57, compared to a current price of $110.94 — trading 9.2% above its estimated fair value. The current Construction In Progress is $923 Mil. Ormat Technologies' overall GF Score™ is 86/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Construction In Progress calculated?
Construction In Progress is calculated from a company's financial statements. For Ormat Technologies (ORA), the current Construction In Progress is $923 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Ormat Technologies (ORA) Overvalued in 2026?

Based on GuruFocus' analysis, Ormat Technologies stock appears to be overvalued. The current stock price of $110.94 is trading 9.2% above its estimated GF Value™ of $101.57. GuruFocus considers Ormat Technologies to be Fairly Valued.

Key valuation signals for ORA:

  • Construction In Progress: $923 Mil
  • GF Value™: $101.57 vs. price of $110.94 (9.2% above fair value)
  • GF Score™: 86/100 with 8 warning signs

No single metric tells the full story. See the ORA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Ormat Technologies Business Description

Address 6884 Sierra Center Parkway, Reno, NV, USA, 89511-2210
Ormat Technologies Inc is engaged in the geothermal and recovered energy power business. It is engaged in three business segments: the Electricity Segment. where the company develops, builds, owns, and operates geothermal, solar PV, and recovered energy-based power plants in the United States and geothermal power plants in other countries and sells the electricity generated. Product Segment includes designing, manufacturing, and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement, and construction of geothermal & recovered energy-based power plants. Energy Storage Segment includes owning & operating grid-connected which provide capacity, energy, & ancillary services directly to the electric grid.
86GF Score

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Construction In Progress is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$110.94
Price
$101.57
GF Value