Ormat Technologies Inc ORA
$108.38 $0.08 (0.07%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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ORA Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Ormat Technologies Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ormat Technologies Inc. Stock Analysis ORA
United States Utilities Mid Cap Ormat Technologies, Inc. operates as a holding company. The company is headquartered in Reno, Nevada and currently employs 1,648 full-time employees. The company went IPO on 2004-11-11. The firm owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low-, medium- and high-temperature heat into electricity. The firm has engineered, manufactured and constructed power plants, which it owns or has installed for utilities and developers worldwide, totaling approximately 3,400 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Its Electricity segment 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 around the world. Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation.
Ormat Technologies Inc (ORA) Chart
Financial Metrics & Statements of Ormat Technologies Inc (ORA)
FAQ's for Ormat Technologies Inc (ORA)
- As of August 2026, Ormat Technologies Inc ORA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ormat Technologies Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ormat Technologies Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Ormat Technologies Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Ormat Technologies Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Ormat Technologies Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Ormat Technologies Inc (ORA)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
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