As Renewable Energy Roars, Ormat (ORA) Looks Left Behind.

Renewable energy is hot, hot, hot right now.

Here's a comparison chart of the following public companies, which help to represent their respective industries:

• [dark blue] Vivint Solar (VSLR) - solar leasing
• [light blue] Hannon Armstrong Sustainable Infrastructure Capital (HASI) - sustainable infrastructure REIT
• [green] Renewable Energy Group (REGI) - biofuels
• [RED] Ormat Technologies (ORA) - geothermal
• [purple] Plug Power Inc (PLUG) - hydrogen
• [orange] American Superconductor Corporation (AMSC) - wind power components

Don't even get me started about the dozen or so electric vehicle companies out there in lala land. They're a dime a dozen right now and they're all soaring well above a more reasonable valuation.

So its as plain as day to say that renewable energy is super-duper hot! And why not? In this upcoming decade+ of ESG investing, renewable energy checks all the boxes of what we WANT to invest in for this future society of ours, and what we are being driven to invest in.

And that's key. A lot of the huge institutionals are beginning to look around for renewable power plays to stuff into their portfolios and they're becoming motivated to give these technologies are harder look.

So what's up with Geothermal?

Frankly, I would argue that the industry is humming along just fine and its simple neglect due to the small industry size and lack of familiarity by the retail public.

I'll write more about Ormat in another article, but I wanted to start things off by highlighting the fact that Ormat appears to be lagging behind the sweeping investment wave in renewable energy at the moment. Stay tuned.

Posted Using LeoFinance