SCHEDULE: Harel Insurance Discloses 5% Stake in Ormat Technologies

Harel Insurance Investments & Financial Services Ltd. has reported a 5% passive ownership stake in Ormat Technologies, Inc. common stock.

Summary

• Harel Insurance Investments & Financial Services Ltd. (Reporting Person) filed a Schedule 13G, indicating beneficial ownership in Ormat Technologies, Inc. (Issuer).
• Harel Insurance beneficially owns 3,062,948 shares of Ormat Technologies common stock.
• This ownership represents 5% of the class, calculated based on 60,850,235 shares of common stock issued and outstanding as of March 2, 2026.
• Of the total shares, 3,060,447 are held for members of the public through provident funds, mutual funds, pension funds, insurance policies, and exchange-traded funds managed by Harel's subsidiaries.
• Harel Insurance holds 2,501 Ordinary Shares for its own account.
• The filing certifies that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Ormat Technologies, Inc.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral-to-slightly positive disclosure, as it confirms significant institutional investment in Ormat Technologies without indicating any intent to influence control, which is typical for a passive 13G filing.

Positives

• Harel Insurance Investments & Financial Services Ltd. has disclosed a significant 5% ownership stake in Ormat Technologies, Inc., indicating institutional confidence in the company.
• The majority of the shares are held on behalf of public members through various funds, suggesting a broad and diversified investment strategy by Harel's subsidiaries.

Industry Context

StockSavvy.ai notes that institutional ownership disclosures like this Schedule 13G are routine and provide transparency into significant holdings by large financial entities. Ormat Technologies operates in the renewable energy sector, specifically geothermal and energy storage, which often attracts long-term institutional investment due to its growth potential and sustainability focus. Harel Insurance, a prominent Israeli financial services group, is demonstrating its investment in this sector through its stake in Ormat.

Stakeholder Impact

• Shareholders: Provides increased transparency regarding significant institutional ownership in Ormat Technologies.
• Investors: Offers insight into the investment decisions of major financial institutions regarding Ormat Technologies' stock.

Key Dates

Recommendation

This Schedule 13G filing indicates a significant, passive institutional investment by Harel Insurance in Ormat Technologies. While it signals confidence from a major financial entity, the filing does not contain new operational or financial performance data that would warrant a change in investment thesis. Therefore, a 'hold' recommendation is appropriate, acknowledging the institutional backing without suggesting immediate action based solely on this ownership disclosure.

Keywords

Ormat Technologies, Harel Insurance, Schedule 13G, Common Stock, Institutional Ownership, Passive Investment, SEC Filing, Beneficial Ownership