SCHEDULE: Harel Insurance Discloses Ormat Technologies Stake

Harel Insurance Investments & Financial Services Ltd. has filed a Schedule 13G, reporting beneficial ownership of 7.1% of Ormat Technologies, Inc. common stock.

Summary

• Harel Insurance Investments & Financial Services Ltd. has filed an amendment to its Schedule 13G, reporting its beneficial ownership of Ormat Technologies, Inc. common stock.
• The filing indicates that Harel Insurance beneficially owns 4,367,852 shares of Ormat Technologies' common stock.
• This represents approximately 7.1% of the class of securities outstanding.
• The shares are held through various managed funds and for its own account.
• The filing is an amendment to a previous filing and is dated June 30, 2026.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing. It's a routine disclosure of beneficial ownership and does not contain new operational or financial information about Ormat Technologies.

Positives

• Harel Insurance maintains a significant stake in Ormat Technologies, indicating confidence in the company's long-term prospects.
• The disclosure clarifies the ownership structure, providing transparency to the market.

Negatives

• The filing does not contain any negative financial or operational information about Ormat Technologies.
• The nature of the filing as a Schedule 13G suggests a passive investment rather than an activist stake, which might limit immediate impact on share price.

Risks

• The filing does not explicitly mention any risks related to Ormat Technologies' business operations or financial performance.
• Potential future changes in Harel Insurance's investment strategy could lead to shifts in share ownership.

Future Outlook

The filing itself does not contain forward-looking statements or guidance from Ormat Technologies. It is a disclosure of beneficial ownership by Harel Insurance.

Management Comments

• "With regard to Rows (6), (8) and (9), please see Item 4."
• "Row (11) is based on 61,451,752 shares of Common Stock issued and outstanding as of May 1, 2026 (as reported by the Issuer in its Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on May 7, 2026)."
• "Of the 4,367,852 shares of Common Stock reported in this Statement as beneficially owned by the Reporting Person, (i) 4,315,944 shares of Common Stock are held for members of the public through, among others, provident funds and/or mutual funds and/or pension funds and/or insurance policies and/or exchange traded funds, which are managed by subsidiaries of the Reporting Person, each of which subsidiaries operates under independent management and makes independent voting and investment decisions and (ii) 51,908 Ordinary Shares are beneficially held for its own account."
• "Consequently, this Statement shall not be construed as an admission by the Reporting Person that it is the beneficial owner of more than 51,908 Ordinary Shares covered by this Statement."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11."

Industry Context

StockSavvy.ai notes that Ormat Technologies operates in the renewable energy sector, specifically geothermal and recovered energy power plants. Significant institutional ownership, as disclosed by Harel Insurance, is common in this capital-intensive industry and often reflects long-term investment strategies.

Stakeholder Impact

• Shareholders: Increased transparency regarding a significant institutional investor's holdings.
• Management: Confirmation of passive investment status by Harel Insurance.
• Regulators: Compliance with SEC reporting requirements.

Next Steps

• Harel Insurance will continue to monitor its investment in Ormat Technologies.
• Ormat Technologies will continue its operations in the renewable energy sector.

Key Dates

Keywords

Ormat Technologies, Harel Insurance, Schedule 13G, Beneficial Ownership, Common Stock, Investment Holding, Energy Sector