Roth Capital Issues Pessimistic Outlook for ORA Earnings

Ormat Technologies, Inc. (NYSE:ORA - Free Report) - Investment analysts at Roth Capital cut their Q1 2025 EPS estimates for shares of Ormat Technologies in a report issued on Monday, May 5th. Roth Capital analyst J. Clare now anticipates that the energy company will post earnings of $0.65 per share for the quarter, down from their previous estimate of $0.71. The consensus estimate for Ormat Technologies' current full-year earnings is $1.94 per share.

Other analysts also recently issued research reports about the company. StockNews.com raised Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. Jefferies Financial Group boosted their price target on Ormat Technologies from $78.00 to $86.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th. Robert W. Baird initiated coverage on Ormat Technologies in a research note on Thursday, March 13th. They set a "neutral" rating and a $81.00 price objective on the stock. Baird R W raised shares of Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Finally, Barclays boosted their target price on shares of Ormat Technologies from $75.00 to $80.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $85.38.

Ormat Technologies Stock Down 0.3%

Shares of Ormat Technologies stock traded down $0.19 during trading hours on Thursday, reaching $73.88. 138,086 shares of the company's stock were exchanged, compared to its average volume of 483,921. The stock has a market cap of $4.48 billion, a P/E ratio of 37.69, a P/E/G ratio of 3.18 and a beta of 0.65. The company has a 50 day moving average of $71.19 and a two-hundred day moving average of $71.60. 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 has a fifty-two week low of $61.58 and a fifty-two week high of $84.30.

Ormat Technologies (NYSE:ORA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.58 by $0.10. The business had revenue of $229.76 million for the quarter, compared to analyst estimates of $228.33 million. Ormat Technologies had a net margin of 13.33% and a return on equity of 5.27%. The firm's revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share.

Ormat Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, May 21st. Ormat Technologies's dividend payout ratio (DPR) is presently 23.30%.

Insider Buying and Selling at Ormat Technologies

In related news, Director David Granot sold 1,666 shares of Ormat Technologies 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 completion of the sale, the director now directly owns 1,910 shares of the company's stock, valued at approximately $131,790. This trade represents a 46.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jessica Woelfel sold 409 shares of the business's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total transaction of $29,509.35. Following the completion of the sale, the insider now directly owns 6,094 shares of the company's stock, valued at approximately $439,682.10. The trade was a 6.29% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,242 shares of company stock valued at $156,427 in the last quarter. 0.56% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of Ormat Technologies by 19.1% in the first quarter. Dimensional Fund Advisors LP now owns 1,890,235 shares of the energy company's stock valued at $133,770,000 after buying an additional 303,756 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Ormat Technologies by 30.7% in the 1st quarter. Russell Investments Group Ltd. now owns 1,072 shares of the energy company's stock valued at $76,000 after purchasing an additional 252 shares during the last quarter. Nuveen LLC acquired a new position in shares of Ormat Technologies during the 1st quarter worth $14,453,000. Invesco Ltd. lifted its position in shares of Ormat Technologies by 0.7% during the 1st quarter. Invesco Ltd. now owns 227,360 shares of the energy company's stock worth $16,090,000 after buying an additional 1,509 shares during the last quarter. Finally, Mizuho Markets Americas LLC boosted its stake in Ormat Technologies by 4.5% in the first quarter. Mizuho Markets Americas LLC now owns 158,602 shares of the energy company's stock valued at $11,224,000 after buying an additional 6,800 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company's stock.

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.