Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Ormat Technologies (NYSE: ORA) fell 10% today after the company released disappointing earnings.

So what: Revenue of $97.8 million easily passed estimates of $89.9 million in the quarter, but the bottom line wasn't so impressive. Analysts expected the company to earn a penny, but it reported a loss of $0.20 per share.

Now what: Foreign currency transactions hurt results badly in the quarter, with a $13.1 million loss. Without that, operating income increased from $2.2 million a year ago to $3.1 million this year. So there is a silver lining despite the stock drop today.

I'm optimistic on the long-term prospects, but I just don't see the company as a great value now, given today's disappointing results.

Interested in more info on Ormat Technologies? Add it to your watchlist.

Fool contributor Travis Hoium has no position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings, or follow his CAPS picks at TMFFlushDraw.

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.