Seasonality
ORA seasonality — Ormat Technologies
Over the last 11 years, ORA's strongest month on average has been May (+5.1%) and its weakest February (-6.0%).
Average return by month
Month-by-month statistics
| Month | Avg | Median | Up % | Best | Worst | Yrs |
|---|---|---|---|---|---|---|
| Jan | +3.90% | +6.69% | 70% | +26.4% | -14.7% | 10 |
| Feb | -5.97% | -5.97% | 40% | +8.9% | -25.0% | 10 |
| Mar | +0.70% | +0.81% | 60% | +14.7% | -9.9% | 10 |
| Apr | -0.57% | +1.91% | 60% | +5.8% | -7.8% | 10 |
| May | +5.07% | +1.77% | 70% | +19.4% | -10.5% | 10 |
| Jun | -2.85% | -3.16% | 40% | +12.7% | -20.6% | 10 |
| Jul | +1.66% | +1.52% | 80% | +10.4% | -10.4% | 10 |
| Aug | +1.62% | +2.15% | 60% | +13.3% | -6.6% | 10 |
| Sep | -1.82% | -1.43% | 50% | +6.3% | -10.3% | 10 |
| Oct | +3.67% | +3.99% | 70% | +19.9% | -12.0% | 10 |
| Nov | +5.04% | +4.38% | 89% | +11.2% | -0.0% | 9 |
| Dec | +0.85% | -2.29% | 40% | +14.6% | -17.0% | 10 |
Monthly returns heat map — ORA
price return, %| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 13.1 | -17.0 | 7.9 | 2.7 | 19.4 | -20.6 | -10.4 | 4.5 | -10.3 | -2.0 | 2.5 | -16.8% | |
| 2025 | -5.3 | 8.9 | 1.3 | 2.6 | 2.4 | 12.7 | 6.8 | 2.8 | 4.7 | 10.5 | 6.2 | -2.2 | +63.1% |
| 2024 | -14.7 | 0.7 | 1.6 | -3.6 | 18.1 | -4.9 | 8.3 | -4.0 | 3.2 | 2.7 | 3.3 | -17.0 | -10.7% |
| 2023 | 7.0 | -8.7 | 0.3 | 1.2 | -0.8 | -5.5 | 1.0 | -6.6 | -7.9 | -12.0 | 9.4 | 12.6 | -12.4% |
| 2022 | -14.1 | 4.7 | 14.7 | -5.0 | 8.1 | -6.7 | 10.4 | 8.0 | -7.8 | 4.9 | -0.0 | -4.4 | +9.1% |
| 2021 | 26.4 | -25.0 | -8.3 | -7.8 | -4.6 | 0.7 | 0.3 | 2.0 | -6.3 | 8.6 | 4.4 | 5.0 | -12.2% |
| 2020 | 6.4 | -12.1 | -2.9 | -7.8 | 16.7 | -12.8 | -6.3 | 2.3 | -2.9 | 19.9 | 11.2 | 14.6 | +21.1% |
| 2019 | 10.3 | -3.3 | -1.2 | 5.8 | 1.2 | 7.4 | 3.4 | 13.3 | 0.0 | 3.1 | 0.4 | -3.0 | +42.5% |
| 2018 | 9.6 | -10.7 | -9.9 | 2.7 | -10.5 | 2.6 | 2.0 | -3.0 | 2.8 | -5.4 | 9.6 | -6.8 | -18.2% |
| 2017 | 0.1 | 2.7 | 3.5 | 3.5 | 0.8 | -1.4 | 1.1 | -3.1 | 6.3 | 6.4 | 0.9 | -2.4 | +19.3% |
| 2016 | 12.1 |