Ormat Technologies (ORA) Stock Forecast, Price & News

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.

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.

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

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.

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.

ETFs with the largest weight of Ormat Technologies (NYSE:ORA) stock in their portfolio include ALPS Clean Energy ETF (ACES), SmartETFs Sustainable Energy II ETF (SOLR), BlueStar Israel Technology ETF (ITEQ), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Renewable Energy Producers ETF (RNRG), Fidelity Clean Energy ETF (FRNW), SPDR S&P Kensho Clean Power ETF (CNRG) and iShares Global Clean Energy ETF (ICLN).

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.

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.

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.

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).

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

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

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.

The company employs 1,480 workers across the globe.

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.