Ormat Technologies, Inc.
Ormat Technologies, Inc. (FWB: HNM) is trading at €80.15, about ₹8,729 at today's EUR/INR rate, as of 30 Sep 2026, 2:00 AM ET, up 0.75% today. Indian residents can buy Ormat Technologies from India on Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
€80.15
Today's high
€80.15
52 week low
€78.75
52 week high
€127.66
HNM opened at €80.15, closed previously at €79.55, and has traded between €78.75 and €127.66 over the past 52 weeks.
About
Ormat Technologies, Inc. actively participates in the geothermal and recovered energy power sector, conducting operations across the globe in regions such as the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, and the Philippines. The company's diverse activities are organized into three principal segments: Electricity, Product, and Energy Storage. Through its Electricity segment, Ormat develops, constructs, owns, and manages power plants utilizing geothermal, solar photovoltaic, and recovered energy sources, subsequently selling the generated electricity. The Product segment focuses on the design, manufacturing, and sale of specialized equipment for geothermal and recovered energy power generation, alongside offering engineering, procurement, and construction (EPC) services for these facilities. Complementing these, the Energy Storage segment delivers advanced battery energy storage systems and associated support services. Ormat caters to a diverse clientele, including contractors, operators of geothermal plants, owners and operators of interstate natural gas pipelines, gas processing facilities, cement plants, and biomass facilities, as well as various other companies involved in energy-intensive industrial operations. Established in 1965, the company maintains its corporate headquarters in Reno, Nevada.
Key statistics
Avg. volume
48.00
Market cap
€4.93B
P/E Ratio
43.99
Price-to-sales ratio
4.73
Enterprise value
$9.47B
Free cash flow yield
-4.13%
Debt-to-equity ratio
1.31
Return on equity
4.87%
ROIC
3.10%
Beta
0.90
Dividend yield
0.52%
Last dividend
€0.42
Financial overview
Revenue
$989.61M
Earnings per share
$2.04
Free cash flow
-$284.69M
Net profit margin
10.66%
Gross margin
27.93%
EBITDA
$486.39M
Revenue growth
12.50%
How to buy Ormat Technologies from India
Indian residents can buy Ormat Technologies shares through Paasa in four steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the shares are held in your own name with Interactive Brokers.
Open a Paasa account
Complete digital KYC with your PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds under LRS
Transfer INR from your Indian bank account. Your bank reports the remittance under the RBI's Liberalised Remittance Scheme and converts it to US dollars and then to EUR.
Search for Ormat Technologies and place an order
Find Ormat Technologies by name or by its ticker, HNM, and choose an order type. Ormat Technologies trades 11:30 am – 11:30 pm IST; orders can only execute during that window.
Track holdings and download tax reports
Follow your Ormat Technologies position in EUR and INR, and use Paasa's capital-gains and dividend statements when you file your Indian return.
Read the full guide: how to invest in Ormat Technologies from India
Trading and taxes when buying Ormat Technologies from India
Trading and limits
- Trading hours
- 8:00 am – 8:00 pm CET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateDividends are taxed at your slab rate in India. Ormat Technologies’ current yield is 0.52%.Dividend tax explained
Custody. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
FAQs
Can Indian residents buy Ormat Technologies stock?
Yes. Ormat Technologies (HNM) has been listed on the Frankfurt Stock Exchange since 2006, in the Renewable Utilities industry, and Indian residents can buy it through Paasa. You fund the account from your Indian bank under the RBI's Liberalised Remittance Scheme and the money is converted to US dollars and then to EUR. Shares are held in your own name at Interactive Brokers, segregated from Paasa's own assets.
How much does one Ormat Technologies share cost in rupees?
One Ormat Technologies share is €80.15 — about ₹8,729 at an EUR/INR rate of 108.91 on 29 Sep 2026. Both the Ormat Technologies price and the rupee rate move during the day, so the rupee cost changes with them.
What are the LRS and TCS rules for buying Ormat Technologies from India?
Remit up to $250,000 per financial year under the RBI's Liberalised Remittance Scheme (LRS). Banks collect 20% tax at source on LRS remittances above ₹10 lakh in a financial year; the TCS is adjustable against your income-tax liability. FX and the LRS declaration are handled by your bank when you fund your account.
How are gains on Ormat Technologies shares taxed in India?
Gains on shares held for more than 24 months are long-term and taxed at 12.5%. Gains on shares held for 24 months or less are short-term and taxed at your income-tax slab rate. The gain is computed in rupees using the EUR/INR rate on the purchase and the sale date, so the rupee move counts alongside the Ormat Technologies price. Paasa issues a capital-gains statement for your return.
Does Ormat Technologies pay a dividend, and how is it taxed in India?
Yes. Ormat Technologies pays a dividend and the current yield is 0.52%; the last declared dividend was €0.42 per share, about ₹45.51. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
When can I trade Ormat Technologies from India?
The Frankfurt Stock Exchange trades 11:30 am – 11:30 pm IST in Indian time. The window shifts to 12:30 pm – 12:30 am IST when Germany is on standard time. Orders can only execute during that window.
Is Ormat Technologies a Germany company, and does that change how it is taxed?
Ormat Technologies trades on the Frankfurt Stock Exchange in EUR, but the company is domiciled in United States. Ormat Technologies trades as an ordinary share listed directly in Germany, not a depositary receipt. Your India-side capital-gains treatment is the same either way.
Do I have to declare Ormat Technologies shares in my Indian tax return?
Yes. Foreign shares held on 31 March must be reported in Schedule FA of your Indian income-tax return. Paasa gives you a Schedule FA-ready statement listing your Ormat Technologies holding, its cost and its closing value.
How do I sell Ormat Technologies and bring the money back to India?
You sell during market hours (11:30 am – 11:30 pm IST) and the proceeds settle in EUR in your Paasa account. From there you can hold the balance, reinvest, or repatriate. Funds can be withdrawn in any currency to any bank account in your own name. Whether the sale is short- or long-term is decided by the 24-month holding period.
Does the rupee rate affect what I make on Ormat Technologies?
Yes. Ormat Technologies is priced in EUR, so your rupee outcome combines the EUR move with the EUR/INR move between the day you remit and the day you convert back. Both directions are reflected in the capital-gains statement Paasa issues.