Roth Capital Cuts Earnings Estimates for Ormat Technologies

Ormat Technologies, Inc. (NYSE:ORA - Free Report) - Analysts at Roth Capital lowered their FY2025 earnings per share (EPS) estimates for Ormat Technologies in a note issued to investors on Monday, May 5th. Roth Capital analyst J. Clare now expects that the energy company will earn $2.05 per share for the year, down from their previous estimate of $2.12. The consensus estimate for Ormat Technologies' current full-year earnings is $1.94 per share. Roth Capital also issued estimates for Ormat Technologies' FY2026 earnings at $2.38 EPS.

Several other research firms have also weighed in on ORA. Baird R W raised shares of Ormat Technologies to a "hold" rating in a report on Thursday, March 13th. Jefferies Financial Group boosted their price target on shares of Ormat Technologies from $78.00 to $86.00 and gave the company a "buy" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price objective on shares of Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a report on Friday, February 28th. Barclays lifted their target price on shares of Ormat Technologies from $75.00 to $80.00 and gave the company an "equal weight" rating in a research note on Thursday. Finally, StockNews.com upgraded Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Monday, April 7th. 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.com, Ormat Technologies currently has a consensus rating of "Hold" and a consensus price target of $85.38.

Ormat Technologies Price Performance

NYSE:ORA traded down $1.24 during trading hours on Wednesday, reaching $73.59. The company had a trading volume of 136,840 shares, compared to its average volume of 483,911. The firm has a market capitalization of $4.46 billion, a PE ratio of 37.60, a PEG ratio of 3.18 and a beta of 0.65. The stock has a 50-day moving average of $71.11 and a two-hundred day moving average of $71.64. Ormat Technologies has a one year low of $61.58 and a one year high of $84.30. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73.

Ormat Technologies (NYSE:ORA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The energy company reported $0.68 earnings per share for the quarter, beating analysts' consensus estimates of $0.58 by $0.10. The business had revenue of $229.76 million for the quarter, compared to analysts' expectations 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.

Institutional Investors Weigh In On Ormat Technologies

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in Ormat Technologies by 132.4% in the fourth quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock valued at $27,000 after buying an additional 229 shares during the period. Stuart Chaussee & Associates Inc. bought a new stake in shares of Ormat Technologies during the 4th quarter valued at $34,000. AlphaQuest LLC lifted its stake in shares of Ormat Technologies by 4,691.7% in the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company's stock valued at $39,000 after purchasing an additional 563 shares during the period. UMB Bank n.a. boosted its position in shares of Ormat Technologies by 42.6% in the 1st quarter. UMB Bank n.a. now owns 880 shares of the energy company's stock worth $62,000 after purchasing an additional 263 shares during the last quarter. Finally, Signaturefd LLC grew its stake in shares of Ormat Technologies by 60.6% during the first quarter. Signaturefd LLC now owns 890 shares of the energy company's stock worth $63,000 after purchasing an additional 336 shares during the period. Institutional investors and hedge funds own 95.49% of the company's stock.

Insider Buying and Selling at Ormat Technologies

In other Ormat Technologies news, insider Jessica Woelfel sold 409 shares of the business's stock in a transaction dated Tuesday, March 18th. The stock was 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Granot sold 1,666 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were 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 in the company, valued at approximately $131,790. The trade was a 46.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 2,242 shares of company stock worth $156,427. Insiders own 0.56% of the company's stock.

Ormat Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Wednesday, May 21st. Ormat Technologies's dividend payout ratio is 23.53%.

Ormat Technologies Company Profile

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.