SCHEDULE: Vanguard Discloses 5.06% Stake in Ormat Technologies

Vanguard Capital Management has reported beneficial ownership of 5.06% of Ormat Technologies Inc.'s common stock as of March 31, 2026.

Summary

• Vanguard Capital Management, along with its affiliates, has disclosed a beneficial ownership stake of 3,084,810 shares in Ormat Technologies Inc.
• This represents 5.06% of the total class of common stock.
• The filing indicates that Vanguard Capital Management has sole voting power over 458,432 shares and sole dispositive power over 3,084,810 shares.
• The reporting date for this ownership is March 31, 2026.
• Vanguard Capital Management is filing this statement as an investment adviser.

Sentiment

Score: 5

Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of passive ownership by a major institutional investor and does not provide new operational or financial information about the company itself.

Positives

• Vanguard's significant stake indicates confidence in Ormat Technologies' long-term prospects.
• The filing confirms a substantial institutional investor's presence, which can be viewed positively by the market.

Negatives

• The filing does not contain any negative financial or operational information about Ormat Technologies.

Risks

• The filing does not explicitly mention any risks related to Ormat Technologies' business operations or financial performance.

Future Outlook

The filing itself is a disclosure of current ownership and does not contain forward-looking statements or guidance from Ormat Technologies.

Management Comments

• "In accordance with SEC Release No. 34-39538 (January 12, 1998), this Schedule 13G reflects the securities beneficially owned, or deemed to be beneficially owned, by Vanguard Capital Management LLC and the following affiliates of Vanguard Capital Management LLC or business divisions of such affiliates: Vanguard Asset Management Limited, Vanguard Fiduciary Trust Company, Vanguard Global Advisers, LLC and Vanguard Investments Australia Ltd."
• "This Schedule 13G includes securities held by Vanguard funds, or sleeves thereof, over which Vanguard Capital Management LLC exercises dispositive power, in addition to securities held by clients over which the affiliates or business divisions of such affiliates indicated above exercise dispositive and/or voting power."
• "This Schedule 13G does not include securities, if any, beneficially owned by other subsidiaries or affiliates of Vanguard Capital Management LLC, or business divisions of such subsidiaries, whose ownership of securities is disaggregated from that of the reporting business unit in accordance with such release."
• "Vanguard Capital Management, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein."
• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and 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 a Schedule 13G filing by a major institutional investor like Vanguard typically signifies a passive investment approach, indicating that Vanguard views Ormat Technologies as a stable investment within the renewable energy and geothermal sectors, rather than an active participant seeking control.

Stakeholder Impact

• Shareholders: The filing confirms a significant institutional investor's passive stake, which can provide a degree of stability and confidence in the company's stock.
• Management: The filing does not indicate any intention by Vanguard to influence management or control of Ormat Technologies.

Next Steps

• Vanguard Capital Management will continue to hold its shares in Ormat Technologies Inc. in the ordinary course of business.
• Ormat Technologies Inc. will continue its operations as a geothermal and recovered energy power company.

Key Dates

Keywords

Ormat Technologies, Vanguard Capital Management, Schedule 13G, Beneficial Ownership, Common Stock, Investment Adviser, SEC Filing