Roth Capital Issues Pessimistic Estimate for ORA Earnings

Ormat Technologies, Inc. (NYSE:ORA - Free Report) - Analysts at Roth Capital dropped their FY2025 earnings per share estimates for Ormat Technologies in a report issued on Monday, May 5th. Roth Capital analyst J. Clare now forecasts that the energy company will post earnings of $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.

A number of other equities research analysts have also issued reports on the company. Robert W. Baird assumed coverage on Ormat Technologies in a research note on Thursday, March 13th. They issued a "neutral" rating and a $81.00 target price on the stock. Jefferies Financial Group lifted their price objective on Ormat Technologies from $78.00 to $86.00 and gave the stock a "buy" rating in a research report on Tuesday, March 25th. JPMorgan Chase & Co. raised their price target on shares of Ormat Technologies from $71.00 to $75.00 and gave the stock a "neutral" rating in a research note on Friday, February 28th. StockNews.com upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a report on Monday, April 7th. Finally, Baird R W raised shares of Ormat Technologies to a "hold" rating in a research note on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Ormat Technologies has an average rating of "Hold" and an average price target of $84.33.

Ormat Technologies Price Performance

Shares of NYSE ORA traded up $0.69 on Wednesday, hitting $74.80. The company's stock had a trading volume of 321,851 shares, compared to its average volume of 484,769. The stock has a 50 day moving average of $71.11 and a 200-day moving average of $71.73. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 38.16, a price-to-earnings-growth ratio of 3.18 and a beta of 0.65. Ormat Technologies has a 12-month low of $61.58 and a 12-month high of $84.30. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87.

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

Institutional Investors Weigh In On Ormat Technologies

Several large investors have recently made changes to their positions in ORA. Pacer Advisors Inc. increased its stake in shares of Ormat Technologies by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company's stock valued at $544,000 after acquiring an additional 160 shares during the period. Bailard Inc. increased its position in shares of Ormat Technologies by 0.9% in the fourth quarter. Bailard Inc. now owns 19,446 shares of the energy company's stock worth $1,317,000 after acquiring an additional 169 shares in the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Ormat Technologies by 1.3% during the first quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the energy company's stock valued at $1,139,000 after acquiring an additional 200 shares during the period. Securian Asset Management Inc. lifted its holdings in shares of Ormat Technologies by 5.1% in the fourth quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company's stock valued at $295,000 after purchasing an additional 212 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its position in shares of Ormat Technologies by 6.3% in the first quarter. Mackenzie Financial Corp now owns 3,687 shares of the energy company's stock worth $261,000 after buying an additional 220 shares during the period. Institutional investors and hedge funds own 95.49% of the company's stock.

Insiders Place Their Bets

In other news, insider Jessica Woelfel sold 409 shares of the stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director David Granot sold 1,666 shares of the business's stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders sold a total of 2,242 shares of company stock valued at $156,427 in the last ninety days. Corporate insiders own 0.56% of the company's stock.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 4th. Shareholders of record on Wednesday, May 21st will be paid a dividend of $0.12 per share. The ex-dividend date is Wednesday, May 21st. This represents a $0.48 dividend on an annualized basis and a yield of 0.64%. Ormat Technologies's dividend payout ratio (DPR) is 23.53%.

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.