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NYSE:ORA

Ormat Technologies (ORA) Stock Forecast, Price & News

$69.56
-1.37 (-1.93%)
(As of 09/28/2023 ET)
Compare
Today's Range
$68.96
$71.06
50-Day Range
$70.88
$84.54
52-Week Range
$68.95
$101.81
Volume
538,429 shs
Average Volume
418,597 shs
Market Capitalization
$4.19 billion
P/E Ratio
44.88
Dividend Yield
0.69%
Price Target
$92.29

Ormat Technologies MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
32.7% Upside
$92.29 Price Target
Short Interest
Bearish
8.07% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
+2.08
Upright™ Environmental Score
News Sentiment
0.96mentions of Ormat Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$4.76 M Sold Last Quarter
Proj. Earnings Growth
21.96%
From $2.14 to $2.61 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.67 out of 5 stars

Oils/Energy Sector

46th out of 247 stocks

Electric Services Industry

15th out of 42 stocks


ORA stock logo

About Ormat Technologies (NYSE:ORA) Stock

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through 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. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

ORA Price History

ORA Stock News Headlines

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Where Ormat Technologies Stands With Analysts
Ormat Techno (ORA) was upgraded to a Buy Rating at Roth MKM
Ormat Technologies (ORA) Q2 Earnings Beat Estimates
See More Headlines
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ORA Company Calendar

Last Earnings
8/02/2023
Ex-Dividend for 8/30 Dividend
8/15/2023
Dividend Payable
8/30/2023
Today
9/28/2023
Next Earnings (Estimated)
11/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,480
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$92.29
High Stock Price Forecast
$105.00
Low Stock Price Forecast
$87.00
Forecasted Upside/Downside
+32.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
8 Analysts

Profitability

Net Income
$65.84 million
Pretax Margin
13.30%

Debt

Sales & Book Value

Annual Sales
$761.40 million
Cash Flow
$4.99 per share
Book Value
$36.06 per share

Miscellaneous

Free Float
59,657,000
Market Cap
$4.19 billion
Optionable
Optionable
Beta
0.45
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Key Executives

  • Mr. Doron BlacharMr. Doron Blachar (Age 55)
    Chief Exec. Officer
    Comp: $1.16M
  • Mr. Assaf GinzburgMr. Assaf Ginzburg (Age 48)
    Chief Financial Officer
    Comp: $712.79k
  • Mr. Shimon HatzirMr. Shimon Hatzir (Age 61)
    Exec. VP of Electricity Segment
    Comp: $674.5k
  • Mr. Ofer Ben YosefMr. Ofer Ben Yosef (Age 59)
    Exec. VP of Energy Storage & Bus. Devel.
    Comp: $622.51k
  • Ms. Smadar Lavi
    VP, Head of Investor Relations & ESG Planning and Reporting
  • Ms. Jessica Woelfel (Age 46)
    Gen. Counsel, Chief Compliance Officer & Corp. Sec.
  • Ms. Liza Tavori
    Exec. VP of HR
  • Ms. Etty Rosner (Age 67)
    Sr. VP of Contract Management
  • Mr. Bob Sullivan (Age 60)
    Exec. VP of Bus. Devel.
  • Ms. Nirit Grushko
    Sr. VP of Engineering, R&D, Quality, Safety, & Innovation













ORA Stock - Frequently Asked Questions

Should I buy or sell Ormat Technologies stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" ORA shares.
View ORA analyst ratings
or view top-rated stocks.

What is Ormat Technologies' stock price forecast for 2023?

8 Wall Street research analysts have issued 12 month price objectives for Ormat Technologies' stock. Their ORA share price forecasts range from $87.00 to $105.00. On average, they anticipate the company's stock price to reach $92.29 in the next year. This suggests a possible upside of 32.8% from the stock's current price.
View analysts price targets for ORA
or view top-rated stocks among Wall Street analysts.

How have ORA shares performed in 2023?

Ormat Technologies' stock was trading at $86.48 on January 1st, 2023. Since then, ORA stock has decreased by 19.6% and is now trading at $69.49.
View the best growth stocks for 2023 here
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our ORA earnings forecast
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) released its quarterly earnings data on Wednesday, August, 2nd. The energy company reported $0.40 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.02. The energy company earned $194.80 million during the quarter, compared to analyst estimates of $196.74 million. Ormat Technologies had a net margin of 11.74% and a trailing twelve-month return on equity of 5.17%. The firm's revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $0.22 earnings per share.

How often does Ormat Technologies pay dividends? What is the dividend yield for Ormat Technologies?

Ormat Technologies announced a quarterly dividend on Wednesday, August 2nd. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.12 per share on Wednesday, August 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.69%. The ex-dividend date of this dividend is Tuesday, August 15th.
Read our dividend analysis for ORA
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.66%. The dividend payout ratio is 30.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 18.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORA.

What guidance has Ormat Technologies issued on next quarter's earnings?

Ormat Technologies issued an update on its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $823.00 million-$858.00 million, compared to the consensus revenue estimate of $837.86 million.

What is Doron Blachar's approval rating as Ormat Technologies' CEO?

1 employees have rated Ormat Technologies Chief Executive Officer Doron Blachar on Glassdoor.com. Doron Blachar has an approval rating of 100% among the company's employees. This puts Doron Blachar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Ormat Technologies own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include QUALCOMM (QCOM), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Intel (INTC), Xilinx (XLNX), Tesla (TSLA), Advanced Micro Devices (AMD), Boeing (BA) and Cisco Systems (CSCO).

What is Ormat Technologies' stock symbol?

Ormat Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORA."

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.09%), Clal Insurance Enterprises Holdings Ltd (3.87%), Impax Asset Management Group plc (3.44%), Global Alpha Capital Management Ltd. (3.30%), State Street Corp (3.11%) and Dimensional Fund Advisors LP (2.06%). Insiders that own company stock include Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Shimon Hatzir, Shlomi Argas and Stanley Stern.
View institutional ownership trends
.

How do I buy shares of Ormat Technologies?

Shares of ORA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $69.49.

How much money does Ormat Technologies make?

Ormat Technologies (NYSE:ORA) has a market capitalization of $4.19 billion and generates $761.40 million in revenue each year. The energy company earns $65.84 million in net income (profit) each year or $1.55 on an earnings per share basis.

How many employees does Ormat Technologies have?

The company employs 1,480 workers across the globe.

How can I contact Ormat Technologies?

Ormat Technologies' mailing address is 6140 PLUMAS STREET, RENO NV, 89519. The official website for the company is www.ormat.com. The energy company can be reached via phone at (775) 356-9029, via email at rob@haydenir.com, or via fax at 775-356-9039.

This page (NYSE:ORA) was last updated on 9/28/2023 by MarketBeat.com Staff

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