ORA vs. CCJ

Last updated Jun 4, 2026

ORA (Ormat Technologies, Inc.) and CCJ (Cameco Corporation) are both stocks. ORA operates in Utilities - Renewable (Utilities), while CCJ operates in Uranium (Energy). Over the past 10 years, ORA returned 13.54%/yr vs 26.89%/yr for CCJ. At a 0.30 correlation, their price movements are largely independent.

Performance

ORA vs. CCJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Ormat Technologies, Inc. (ORA) and Cameco Corporation (CCJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ORA achieves a 31.61% return, which is significantly higher than CCJ's 25.22% return. Over the past 10 years, ORA has underperformed CCJ with an annualized return of 13.54%, while CCJ has yielded a comparatively higher 26.89% annualized return.

ORA

• 1D: 0.43%
• 1M: 26.62%
• YTD: 31.61%
• 6M: 30.44%
• 1Y: 93.88%
• 3Y*: 19.77%
• 5Y*: 16.85%
• 10Y*: 13.54%

CCJ

• 1D: -4.94%
• 1M: -3.13%
• YTD: 25.22%
• 6M: 28.07%
• 1Y: 92.33%
• 3Y*: 56.47%
• 5Y*: 40.19%
• 10Y*: 26.89%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ORA vs. CCJ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ORA Ormat Technologies, Inc.	31.61%	64.06%	-10.05%	-11.82%	9.68%	-11.59%	21.92%	43.45%	-17.42%	20.50%
CCJ Cameco Corporation	25.22%	78.38%	19.47%	90.49%	4.35%	63.19%	51.47%	-21.08%	23.58%	-8.20%

Correlation

The correlation between ORA and CCJ is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.30
Correlation (3Y) Calculated over the trailing 3-year period	0.21
Correlation (5Y) Calculated over the trailing 5-year period	0.28
Correlation (10Y) Calculated over the trailing 10-year period	0.24
Correlation (All Time) Calculated using the full available price history since Nov 12, 2004	0.30

Fundamentals

Market Cap ORA : $8.99B CCJ : $49.91B
EPS ORA : $2.07 CCJ : $1.49
PE Ratio ORA : 70.06 CCJ : 76.67
PEG Ratio ORA : 3.43 CCJ : 0.64
PS Ratio ORA : 7.68 CCJ : 14.10
PB Ratio ORA : 3.50 CCJ : 7.05
Total Revenue (TTM) ORA : $1.16B CCJ : $3.54B
Gross Profit (TTM) ORA : $320.13M CCJ : $1.04B
EBITDA (TTM) ORA : $398.22M CCJ : $996.66M

Return for Risk

ORA vs. CCJ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ORA

ORA Risk / Return Rank: 92
ORA Sharpe Ratio Rank: 95
ORA Sortino Ratio Rank: 93
ORA Omega Ratio Rank: 92
ORA Calmar Ratio Rank: 90
ORA Martin Ratio Rank: 91

CCJ

CCJ Risk / Return Rank: 82
CCJ Sharpe Ratio Rank: 84
CCJ Sortino Ratio Rank: 82
CCJ Omega Ratio Rank: 78
CCJ Calmar Ratio Rank: 85
CCJ Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ORA vs. CCJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Ormat Technologies, Inc. (ORA) and Cameco Corporation (CCJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ORA	CCJ	Difference
Sharpe ratio Return per unit of total volatility	3.12	1.69	+1.43
Sortino ratio Return per unit of downside risk	3.78	2.48	+1.30
Omega ratio Gain probability vs. loss probability	1.49	1.29	+0.19
Calmar ratio Return relative to maximum drawdown	4.71	3.61	+1.09
Martin ratio Return relative to average drawdown	13.39	8.18	+5.22
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ORA vs. CCJ - Sharpe Ratio Comparison

The current ORA Sharpe Ratio is 3.12, which is higher than the CCJ Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of ORA and CCJ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ORA	CCJ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.12	1.69	+1.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.81	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.58	-0.16
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.24	+0.08

Drawdowns

ORA vs. CCJ - Drawdown Comparison

The maximum ORA drawdown since its inception was -73.96%, smaller than the maximum CCJ drawdown of -87.53%. Use the drawdown chart below to compare losses from any high point for ORA and CCJ.

Drawdown Indicators

	ORA	CCJ	Difference
Max Drawdown Largest peak-to-trough decline	-73.96%	-87.53%	+13.57%
Max Drawdown (1Y) Largest decline over 1 year	-20.05%	-25.69%	+5.64%
Max Drawdown (3Y) Largest decline over 3 years	-32.61%	-40.01%	+7.40%
Max Drawdown (5Y) Largest decline over 5 years	-41.21%	-40.01%	-1.20%
Max Drawdown (10Y) Largest decline over 10 years	-52.39%	-57.22%	+4.83%
Current Drawdown Current decline from peak	0.00%	-14.56%	+14.56%
Average Drawdown Average peak-to-trough decline	-30.61%	-46.10%	+15.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.03%	11.33%	-4.30%

Volatility

ORA vs. CCJ - Volatility Comparison

The current volatility for Ormat Technologies, Inc. (ORA) is 11.39%, while Cameco Corporation (CCJ) has a volatility of 15.87%. This indicates that ORA experiences smaller price fluctuations and is considered to be less risky than CCJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ORA	CCJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.39%	15.87%	-4.48%
Volatility (6M) Calculated over the trailing 6-month period	24.70%	38.06%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	30.31%	54.94%	-24.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.14%	49.69%	-18.55%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.14%	46.60%	-14.46%

Dividends

ORA vs. CCJ - Dividend Comparison

ORA's dividend yield for the trailing twelve months is around 0.33%, more than CCJ's 0.15% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CCJ Cameco Corporation	0.15%	0.19%	0.22%	0.20%	0.39%	0.29%	0.46%	0.67%	0.53%	4.33%	3.82%	3.24%
ORA Ormat Technologies, Inc.	0.33%	0.43%	0.71%	0.63%	0.56%	0.61%	0.49%	0.59%	1.01%	0.91%	0.97%	0.71%

Financials

ORA vs. CCJ - Profitability Comparison

The chart below illustrates the profitability comparison between Ormat Technologies, Inc. and Cameco Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

ORA - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Ormat Technologies, Inc. reported a gross profit of 120.37M and revenue of 403.91M. Therefore, the gross margin over that period was 29.8%.

CCJ - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a gross profit of 291.00M and revenue of 847.55M. Therefore, the gross margin over that period was 34.3%.

ORA - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Ormat Technologies, Inc. reported an operating income of -4.13M and revenue of 403.91M, resulting in an operating margin of -1.0%.

CCJ - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported an operating income of 154.28M and revenue of 847.55M, resulting in an operating margin of 18.2%.

ORA - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Ormat Technologies, Inc. reported a net income of 44.07M and revenue of 403.91M, resulting in a net margin of 10.9%.

CCJ - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, Cameco Corporation reported a net income of 131.09M and revenue of 847.55M, resulting in a net margin of 15.5%.

Frequently Asked Questions

Can I hold both ORA and CCJ in my portfolio?

ORA and CCJ have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ORA or CCJ?

CCJ has higher volatility (15.87%) compared to ORA (11.39%). In terms of maximum drawdown, ORA dropped -73.96% vs CCJ's -87.53%.

Which has better risk-adjusted returns?

ORA currently has the higher Sharpe Ratio (3.12 vs 1.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.