SCHEDULE: Phoenix Financial Reports Ormat Stake

Phoenix Financial Ltd. has disclosed beneficial ownership of 5.31% of Ormat Technologies, Inc. common stock as of September 10, 2026.

Summary

• Phoenix Financial Ltd. and its subsidiaries have reported beneficial ownership of 3,263,839.73 shares of Ormat Technologies, Inc. common stock.
• This represents 5.31% of the total outstanding ordinary shares.
• The filing is made under Schedule 13G, indicating passive investment.
• The reporting date for the beneficial ownership is September 10, 2026.
• The total number of ordinary shares outstanding as of September 14, 2026, was reported as 61,496,941.00.

Sentiment

Score: 3

Explanation: StockSavvy.ai views this as a neutral filing, primarily reporting beneficial ownership changes without significant operational or financial news.

Positives

• Phoenix Financial Ltd. has a significant stake (5.31%) in Ormat Technologies, Inc., indicating investor confidence.
• The filing is a standard Schedule 13G, suggesting a passive investment approach rather than an attempt to influence control.

Negatives

• The filing does not provide any operational or financial performance data for Ormat Technologies, Inc.
• The ownership structure is complex, with shares held by various subsidiaries, trust funds, and partnerships, making precise control attribution difficult.

Risks

• The ownership rights in one of the partnerships (Partnership for Israeli shares) change frequently according to the partnership agreement, which could lead to fluctuations in beneficial ownership.
• The filing disclaims beneficial ownership in excess of actual pecuniary interest, suggesting potential nuances in control or economic exposure.

Future Outlook

This filing is a Schedule 13G, which is an informational filing regarding beneficial ownership. It does not contain forward-looking statements or guidance about Ormat Technologies, Inc.'s future performance.

Management Comments

• Each of the Subsidiaries operates under independent management and makes its own independent voting and investment decisions.
• Neither the filing of this Schedule 13G nor any of its contents shall be deemed to constitute an admission by either the Filing Persons or Subsidiaries that a group exists for purposes of Section 13(d) of the Securities Exchange Act of 1934 or for any other purpose, and each reporting person disclaims the existence of any such group.
• Each of the Filing Persons and Subsidiaries disclaims any beneficial ownership of the securities covered by this report in excess of their actual pecuniary interest therein.
• This Statement shall not be construed as an admission by the Filing Persons or Subsidiaries that they are the beneficial owners of any of the Ordinary Shares covered by this Statement.

Industry Context

StockSavvy.ai notes that Schedule 13G filings are common for institutional investors accumulating significant stakes in companies. Phoenix Financial Ltd.'s filing indicates a substantial passive investment in Ormat Technologies, Inc., a company operating in the renewable energy sector, particularly geothermal and solar power.

Corporate Governance

Stakeholder Impact

• Shareholders of Ormat Technologies, Inc.: The filing indicates a significant passive investor, which can be viewed positively as a sign of institutional interest, but does not imply any immediate change in corporate strategy or control.
• Phoenix Financial Ltd. stakeholders: The investment represents a portion of their portfolio, with potential for capital appreciation or depreciation based on Ormat Technologies' performance.

Next Steps

• Phoenix Financial Ltd. will continue to hold its investment in Ormat Technologies, Inc. as a passive investor, subject to the terms of its investment strategies and partnership agreements.

Key Dates

Keywords

Ormat Technologies, Phoenix Financial Ltd, Schedule 13G, Beneficial Ownership, Common Stock, Investment Holding, Israel