Comprehensive Stock Comparison
Compare Ormat Technologies, Inc. (ORA) vs Enlight Renewable Energy Ltd (ENLT) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | ENLT | 320.6% revenue growth vs ORA's 12.5% |
| Value | ORA | Lower P/E (43.9x vs 156.4x) |
| Quality / Margins | ENLT | 21.4% net margin vs ORA's 12.5% |
| Stability / Safety | ORA | Beta 0.54 vs ENLT's 0.73, lower leverage |
| Dividends | ORA | 0.5% yield; ENLT pays no meaningful dividend |
| Momentum (1Y) | ENLT | +298.1% vs ORA's +49.2% |
| Efficiency (ROA) | ORA | 2.0% ROA vs ENLT's 0.6%, ROIC 2.7% vs 4.8% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Ormat Technologies is a geothermal and renewable energy company that develops, owns, and operates power plants while also manufacturing specialized energy equipment. It generates revenue primarily from electricity sales (around 70% of total) and equipment manufacturing/services (roughly 30%), with a small but growing energy storage segment. The company's moat lies in its proprietary geothermal technology and vertical integration—controlling everything from equipment manufacturing to plant operations.
Enlight Renewable Energy is a renewable energy developer and operator that builds and manages utility-scale wind, solar, and energy storage projects. It generates revenue primarily through long-term power purchase agreements — selling electricity to utilities and corporate off-takers — with additional income from asset management services. The company's competitive advantage lies in its integrated development-to-operation platform and its early-mover position in Israel's renewable energy market, which provides deep local expertise and regulatory knowledge.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
ENLT leads in 3 of 6 categories (Financial Metrics, Total Returns). ORA leads in 2 (Valuation Metrics, Profitability & Efficiency). 1 tied.
Financial Metrics (TTM)
ORA and ENLT operate at a comparable scale, with $990M and $766M in trailing revenue. ENLT is the more profitable business, keeping 21.4% of every revenue dollar as net income compared to ORA's 12.5%. On growth, ORA holds the edge at +19.6% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| RevenueTrailing 12 months | $990M | $766M |
| EBITDAEarnings before interest/tax | $426M | $684M |
| Net IncomeAfter-tax profit | $124M | $164M |
| Free Cash FlowCash after capex | -$619M | -$4.1B |
| Gross MarginGross profit ÷ Revenue | +27.6% | +54.4% |
| Operating MarginEBIT ÷ Revenue | +13.9% | +58.0% |
| Net MarginNet income ÷ Revenue | +12.5% | +21.4% |
| FCF MarginFCF ÷ Revenue | -62.6% | -5.3% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.6% | +16.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -25.4% | +6.7% |
Valuation Metrics
At 51.3x trailing earnings, ORA trades at a 17% valuation discount to ENLT's 61.8x P/E. On an enterprise value basis, ORA's 14.2x EV/EBITDA is more attractive than ENLT's 32.4x.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| Market CapShares × price | $6.3B | $8.9B |
| Enterprise ValueMkt cap + debt − cash | $6.7B | $13.4B |
| Trailing P/EPrice ÷ TTM EPS | 51.34x | 61.80x |
| Forward P/EPrice ÷ next-FY EPS est. | 43.88x | 156.37x |
| PEG RatioP/E ÷ EPS growth rate | 12.43x | — |
| EV / EBITDAEnterprise value multiple | 14.22x | 32.42x |
| Price / SalesMarket cap ÷ Revenue | 6.34x | 16.67x |
| Price / BookPrice ÷ Book value/share | 1.27x | 4.49x |
| Price / FCFMarket cap ÷ FCF | — | — |
Profitability & Efficiency
ENLT delivers a 2.6% return on equity — every $100 of shareholder capital generates $3 in annual profit, vs $2 for ORA. ORA carries lower financial leverage with a 0.14x debt-to-equity ratio, signaling a more conservative balance sheet compared to ENLT's 2.73x. On the Piotroski fundamental quality scale (0–9), ORA scores 5/9 vs ENLT's 4/9, reflecting solid financial health.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| ROE (TTM)Return on equity | +2.5% | +2.6% |
| ROA (TTM)Return on assets | +2.0% | +0.6% |
| ROICReturn on invested capital | +2.7% | +4.8% |
| ROCEReturn on capital employed | +3.5% | +5.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 4 |
| Debt / EquityFinancial leverage | 0.14x | 2.73x |
| Net DebtTotal debt minus cash | $411M | $14.1B |
| Cash & Equiv.Liquid assets | $281M | $3.0B |
| Total DebtShort + long-term debt | $692M | $17.1B |
| Interest CoverageEBIT ÷ Interest expense | 1.29x | 1.38x |
Total Returns (with DRIP)
A $10,000 investment in ENLT five years ago would be worth $343,061 today (with dividends reinvested), compared to $12,531 for ORA. Over the past 12 months, ENLT leads with a +298.1% total return vs ORA's +49.2%. The 3-year compound annual growth rate (CAGR) favors ENLT at 60.5% vs ORA's 7.5% — a key indicator of consistent wealth creation.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| YTD ReturnYear-to-date | -8.8% | +41.0% |
| 1-Year ReturnPast 12 months | +49.2% | +298.1% |
| 3-Year ReturnCumulative with dividends | +24.4% | +313.3% |
| 5-Year ReturnCumulative with dividends | +25.3% | +3330.6% |
| 10-Year ReturnCumulative with dividends | +184.2% | +3330.6% |
| CAGR (3Y)Annualised 3-year return | +7.5% | +60.5% |
Risk & Volatility
ORA is the less volatile stock with a 0.54 beta — it tends to amplify market swings less than ENLT's 0.73 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. ENLT currently trades 82.7% from its 52-week high vs ORA's 78.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.54x | 0.73x |
| 52-Week HighHighest price in past year | $132.58 | $81.28 |
| 52-Week LowLowest price in past year | $64.39 | $14.01 |
| % of 52W HighCurrent price vs 52-week peak | +78.2% | +82.7% |
| RSI (14)Momentum oscillator 0–100 | 31.0 | 65.8 |
| Avg Volume (50D)Average daily shares traded | 494K | 90K |
Analyst Outlook
Wall Street rates ORA as "Hold" and ENLT as "Buy". Consensus price targets imply 28.0% upside for ORA (target: $133) vs -17.1% for ENLT (target: $56). ORA is the only dividend payer here at 0.46% yield — a key consideration for income-focused portfolios.
| Metric | ORAOrmat Technologie… | ENLTEnlight Renewable… |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Hold | Buy |
| Price TargetConsensus 12-month target | $132.71 | $55.75 |
| # AnalystsCovering analysts | 17 | 7 |
| Dividend YieldAnnual dividend ÷ price | +0.5% | — |
| Dividend StreakConsecutive years of raises | 0 | 1 |
| Dividend / ShareAnnual DPS | $0.47 | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | 0.0% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Jan 23 | Feb 26 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | 100 | 147.9 | +47.9% |
| Enlight Renewable E… (ENLT) | 100 | 3,007.65 | +2907.7% |
Enlight Renewable E… (ENLT) returned +3.3K% over 5 years vs Ormat Technologies,… (ORA)'s +25%. A $10,000 investment in ENLT 5 years ago would be worth $343,061 today (including dividends reinvested).
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | $663M | $990M | +49.3% |
| Enlight Renewable E… (ENLT) | $33M | $1.7B | +4921.9% |
Ormat Technologies, Inc.'s revenue grew from $663M (2016) to $990M (2025) — a 4.6% CAGR. Enlight Renewable Energy Ltd's revenue grew from $33M (2016) to $1.7B (2025) — a 54.5% CAGR.
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | 14.2% | 12.5% | -11.7% |
| Enlight Renewable E… (ENLT) | 11.7% | 27.0% | +131.1% |
Ormat Technologies, Inc.'s net margin went from 14% (2016) to 13% (2025). Enlight Renewable Energy Ltd's net margin went from 12% (2016) to 27% (2025).
Chart 4P/E Ratio History — 9 Years
| Stock | 2017 | 2025 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | 24.5 | 54.7 | +123.3% |
| Enlight Renewable E… (ENLT) | 9.2 | 13.3 | +44.6% |
Ormat Technologies, Inc. has traded in a 25x–74x P/E range over 9 years; current trailing P/E is ~51x. Enlight Renewable Energy Ltd has traded in a 9x–13x P/E range over 3 years; current trailing P/E is ~62x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Ormat Technologies,… (ORA) | 1.77 | 2.02 | +14.1% |
| Enlight Renewable E… (ENLT) | 0.03 | 3.42 | +13053.8% |
Ormat Technologies, Inc.'s EPS grew from $1.77 (2016) to $2.02 (2025) — a 1% CAGR. Enlight Renewable Energy Ltd's EPS grew from $0.03 (2016) to $3.42 (2025) — a 72% CAGR.
Chart 6Free Cash Flow — 5 Years
Ormat Technologies, Inc. generated $-285M FCF in 2025 (+25% vs 2021). Enlight Renewable Energy Ltd generated $-5B FCF in 2025 (-10671% vs 2021).
ORA vs ENLT: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is ORA or ENLT a better buy right now?
Ormat Technologies, Inc. (ORA) offers the better valuation at 51.3x trailing P/E (43.9x forward), making it the more compelling value choice. Analysts rate Enlight Renewable Energy Ltd (ENLT) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — ORA or ENLT?
On trailing P/E, Ormat Technologies, Inc. (ORA) is the cheapest at 51.3x versus Enlight Renewable Energy Ltd at 61.8x. On forward P/E, Ormat Technologies, Inc. is actually cheaper at 43.9x.
03Which is the better long-term investment — ORA or ENLT?
Over the past 5 years, Enlight Renewable Energy Ltd (ENLT) delivered a total return of +33.3%, compared to +25.3% for Ormat Technologies, Inc. (ORA). A $10,000 investment in ENLT five years ago would be worth approximately $13K today (assuming dividends reinvested). Over 10 years, the gap is even starker: ENLT returned +33.3% versus ORA's +184.2%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — ORA or ENLT?
By beta (market sensitivity over 5 years), Ormat Technologies, Inc. (ORA) is the lower-risk stock at 0.54β versus Enlight Renewable Energy Ltd's 0.73β — meaning ENLT is approximately 35% more volatile than ORA relative to the S&P 500. On balance sheet safety, Ormat Technologies, Inc. (ORA) carries a lower debt/equity ratio of 14% versus 3% for Enlight Renewable Energy Ltd — giving it more financial flexibility in a downturn.
05Which has better profit margins — ORA or ENLT?
Enlight Renewable Energy Ltd (ENLT) is the more profitable company, earning 27.0% net margin versus 12.5% for Ormat Technologies, Inc. — meaning it keeps 27.0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ENLT leads at 46.6% versus 18.5% for ORA. At the gross margin level — before operating expenses — ENLT leads at 41.8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is ORA or ENLT more undervalued right now?
On forward earnings alone, Ormat Technologies, Inc. (ORA) trades at 43.9x forward P/E versus 156.4x for Enlight Renewable Energy Ltd — 112.5x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ORA: 28.0% to $132.71.
07Which pays a better dividend — ORA or ENLT?
In this comparison, ORA (0.5% yield) pays a dividend. ENLT does not pay a meaningful dividend and should not be held primarily for income.
08Is ORA or ENLT better for a retirement portfolio?
For long-horizon retirement investors, Ormat Technologies, Inc. (ORA) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.54), +184.2% 10Y return). Both have compounded well over 10 years (ORA: +184.2%, ENLT: +33.3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between ORA and ENLT?
Both stocks operate in the Utilities sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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