Financial Contrast: AltC Acquisition (NYSE:ALCC) & Ormat Technologies (NYSE:ORA)

Ormat Technologies (NYSE:ORA) and AltC Acquisition (NYSE:ALCC) are both oils/energy companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, profitability, dividends, valuation, analyst recommendations, risk and earnings.

Valuation and Earnings

This table compares Ormat Technologies and AltC Acquisition”s top-line revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Ormat Technologies	$890.25 million	4.59	$124.40 million	$1.96	34.45
AltC Acquisition	N/A	N/A	$11.87 million	N/A	N/A

Ormat Technologies has higher revenue and earnings than AltC Acquisition.

Profitability

This table compares Ormat Technologies and AltC Acquisition’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Ormat Technologies	13.33%	5.27%	2.40%
AltC Acquisition	N/A	-85.44%	2.50%

Analyst Recommendations

This is a summary of recent recommendations and price targets for Ormat Technologies and AltC Acquisition, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Ormat Technologies	0	4	3	0	2.43
AltC Acquisition	0	0	0	0	0.00

Ormat Technologies presently has a consensus price target of $83.57, suggesting a potential upside of 23.77%. Given Ormat Technologies’ stronger consensus rating and higher probable upside, equities analysts clearly believe Ormat Technologies is more favorable than AltC Acquisition.

Risk and Volatility

Ormat Technologies has a beta of 0.53, meaning that its stock price is 47% less volatile than the S&P 500. Comparatively, AltC Acquisition has a beta of -0.06, meaning that its stock price is 106% less volatile than the S&P 500.

Institutional and Insider Ownership

95.5% of Ormat Technologies shares are held by institutional investors. Comparatively, 85.0% of AltC Acquisition shares are held by institutional investors. 1.0% of Ormat Technologies shares are held by insiders. Comparatively, 21.8% of AltC Acquisition shares are held by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Summary

Ormat Technologies beats AltC Acquisition on 9 of the 11 factors compared between the two stocks.

About Ormat Technologies

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

About AltC Acquisition

AltC Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other business combination with one or more businesses. The company was formerly known as Churchill Capital Corp VIII and changed its name to AltC Acquisition Corp. in February 2021. AltC Acquisition Corp. was incorporated in 2021 and is based in New York, New York.