SCHEDULE: Migdal Insurance Takes 5% Stake in Ormat Technologies

Migdal Insurance & Financial Holdings Ltd. has reported a 5% beneficial ownership stake in Ormat Technologies, Inc. common stock.

Summary

• Migdal Insurance & Financial Holdings Ltd. reported beneficial ownership of 3,040,648 shares of Ormat Technologies, Inc. common stock.
• This represents 5% of Ormat Technologies' total ordinary shares outstanding, based on 60,781,792 shares as of January 20, 2026.
• The shares are beneficially owned by various direct or indirect subsidiaries of Migdal, including Migdal Insurance Company Ltd. (0.02%), Migdal Sal Domestic Equities (3.62%), and Migdal Mutual Funds Ltd. (1.36%).
• Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
• 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: 7

Explanation: StockSavvy.ai views this as a moderately positive development, as a major financial institution has taken a substantial stake, indicating confidence in Ormat Technologies' value and prospects.

Positives

• A significant institutional investor, Migdal Insurance & Financial Holdings Ltd., has taken a 5% beneficial ownership stake in Ormat Technologies, Inc.
• This indicates a vote of confidence from a major financial institution in Ormat Technologies' long-term prospects and current valuation.

Future Outlook

NA

Industry Context

StockSavvy.ai notes that the disclosure of a significant 5% stake by a major institutional investor like Migdal Insurance & Financial Holdings Ltd. in Ormat Technologies, Inc. can signal increased institutional interest in the renewable energy sector, particularly in established players like Ormat. This move might reflect a broader trend of capital allocation towards companies with stable growth prospects in sustainable industries.

Stakeholder Impact

• Shareholders: May view the increased institutional ownership as a positive indicator of confidence, potentially leading to increased share price stability or appreciation.
• Company Management: Could benefit from the long-term commitment of a significant institutional investor, potentially reducing short-term market pressures.

Key Dates

Recommendation

A seasoned investor would likely view this as a positive signal, reinforcing a 'hold' position for existing shareholders or prompting further due diligence for potential investors. While a 5% stake is significant, it's a passive investment (not for control), suggesting confidence in the company's current trajectory rather than an immediate catalyst for a 'buy' recommendation without further operational or financial news.

Keywords

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