Ormat Technologies (ORA) to Release Earnings on Wednesday

Ormat Technologies (NYSE:ORA - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data after the market closes on Wednesday, May 7th. Analysts expect the company to announce earnings of $0.59 per share and revenue of $228.33 million for the quarter.

Ormat Technologies Price Performance

ORA stock traded down $1.04 during midday trading on Monday, reaching $71.17. The stock had a trading volume of 116,776 shares, compared to its average volume of 485,228. Ormat Technologies has a 52-week low of $61.58 and a 52-week high of $84.30. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65. The company's fifty day simple moving average is $70.72 and its 200 day simple moving average is $71.85. The company has a current ratio of 0.95, a quick ratio of 0.87 and a debt-to-equity ratio of 0.73.

Ormat Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were paid a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 annualized dividend and a yield of 0.67%. Ormat Technologies's dividend payout ratio is presently 23.53%.

Insiders Place Their Bets

In related news, insider Jessica Woelfel sold 409 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total transaction of $29,509.35. Following the sale, the insider now directly owns 6,094 shares in the company, valued at approximately $439,682.10. This represents a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director David Granot sold 1,666 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total transaction of $114,954.00. Following the transaction, the director now owns 1,910 shares of the company's stock, valued at $131,790. This trade represents a 46.59 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,242 shares of company stock worth $156,427 in the last ninety days. 0.56% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on ORA shares. Robert W. Baird initiated coverage on Ormat Technologies in a research report on Thursday, March 13th. They issued a "neutral" rating and a $81.00 price target for the company. Baird R W raised Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. StockNews.com upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Jefferies Financial Group lifted their target price on Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $83.56.

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.