NYSE:ORA Ormat Technologies (ORA) Stock Price, News & Analysis → Did you make $29,000 two days with AI options trades? (From Prosper Trading Academy) (Ad) Free ORA Stock Alerts $63.46 -0.36 (-0.56%) (As of 03/18/2024 ET) Add Compare Share Share Today's Range$63.08▼$64.1350-Day Range$63.46▼$72.5352-Week Range$58.73▼$88.64Volume283,399 shsAverage Volume462,440 shsMarket Capitalization$3.83 billionP/E Ratio30.36Dividend Yield0.76%Price Target$82.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ormat Technologies alerts: Email Address Ormat Technologies MarketRank™ Stock AnalysisAnalyst RatingHold2.43 Rating ScoreUpside/Downside29.2% Upside$82.00 Price TargetShort InterestBearish5.60% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability+2.08Upright™ Environmental ScoreNews Sentiment0.11Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth4.35%From $2.30 to $2.40 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.4.19 out of 5 starsOils/Energy Sector47th out of 243 stocksElectric Services Industry14th out of 42 stocks 3.2 Analyst's Opinion Consensus RatingOrmat Technologies has received a consensus rating of Hold. The company's average rating score is 2.43, and is based on 3 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $82.00, Ormat Technologies has a forecasted upside of 29.2% from its current price of $63.46.Amount of Analyst CoverageOrmat Technologies has only been the subject of 3 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted5.60% of the outstanding shares of Ormat Technologies have been sold short.Short Interest Ratio / Days to CoverOrmat Technologies has a short interest ratio ("days to cover") of 7.5.Change versus previous monthShort interest in Ormat Technologies has recently decreased by 1.46%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldOrmat Technologies has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOrmat Technologies does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ormat Technologies is 22.97%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ormat Technologies will have a dividend payout ratio of 20.00% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOrmat Technologies has received a 69.88% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Operation of geothermal power plants", "Electricity produced with geothermal power", and "Geothermal power plant maintenance" products. See details.Environmental SustainabilityThe Environmental Impact score for Ormat Technologies is 2.08. Previous Next 1.2 News and Social Media Coverage News SentimentOrmat Technologies has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.55 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Ormat Technologies this week, compared to 3 articles on an average week.Search InterestOnly 2 people have searched for ORA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added Ormat Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ormat Technologies insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Ormat Technologies is held by insiders.Percentage Held by Institutions88.24% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for Ormat Technologies are expected to grow by 4.35% in the coming year, from $2.30 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ormat Technologies is 30.36, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 145.04.Price to Earnings Ratio vs. SectorThe P/E ratio of Ormat Technologies is 30.36, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 18.56.Price to Earnings Growth RatioOrmat Technologies has a PEG Ratio of 1.35. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOrmat Technologies has a P/B Ratio of 1.57. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Monument Traders AllianceMake This $3 Trade the Instant the Opening Bell RingsSince the birth of Wall Street, one simple rule has remained the same.... Buy stocks that are cheap....When they’re on sale…. And when nobody else is looking…See Why This $3.00 Stock Could Hit $15.00 About Ormat Technologies Stock (NYSE:ORA)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. The Product segment designs, manufactures, and sells equipment for geothermal and 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. This segment serves contractors; 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 battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.Read More ORA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ORA Stock News HeadlinesMarch 13, 2024 | finance.yahoo.comORA Apr 2024 70.000 callMarch 13, 2024 | finance.yahoo.comORA Apr 2024 60.000 putMarch 18, 2024 | Banyan Hill Publishing (Ad)AI Cracks Open Largest Untapped Energy Reserve on EarthThis orb represents the largest untapped energy source in the world… And although this energy resource is unknown by 99% of the public… It makes gas, coal, oil, wind, hydropower, solar, fusion… March 11, 2024 | americanbankingnews.comReviewing Ormat Technologies (NYSE:ORA) & Spine Injury Solutions (OTCMKTS:SPIN)March 9, 2024 | seekingalpha.comOrmat Technologies: An Expensive Vertically Integrated GemMarch 3, 2024 | investorplace.comGet Your Green With These 3 Renewable Energy Stock PicksFebruary 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Ormat Techno (ORA) and CLP Holdings (OtherCLPHF)February 26, 2024 | realmoney.thestreet.comOrmat Technologies price target lowered by $2 at Roth MKM, here's whyMarch 18, 2024 | Porter & Company (Ad)My next big prediction isn’t a predictionI believe this could change your life forever. I’m talking about transforming everything for you, financially. You see, a rare market anomaly has emerged that I believe is going to make some people very wealthy. Almost nobody in the mainstream media or Wall Street has connected the dots on what’s going on, but that ignorance won’t last for long. When they wake up to this situation, billions of dollars will flood in.February 23, 2024 | nz.finance.yahoo.comTikTok mom’s controversial take on birthday parties is raising eyebrowsFebruary 23, 2024 | finance.yahoo.comOrmat Technologies, Inc. (NYSE:ORA) Q4 2023 Earnings Call TranscriptFebruary 23, 2024 | finance.yahoo.comAnalyst Estimates: Here's What Brokers Think Of Ormat Technologies, Inc. (NYSE:ORA) After Its Yearly ReportFebruary 23, 2024 | msn.comIsrael stocks higher at close of trade; TA 35 up 1.13%February 23, 2024 | markets.businessinsider.comBalancing Growth Prospects and Risks: A Hold Rating for Ormat TechnologiesFebruary 23, 2024 | finance.yahoo.comQ4 2023 Ormat Technologies Inc Earnings CallFebruary 22, 2024 | benzinga.comOrmat Technologies Stock (NYSE:ORA) Insider TradesFebruary 22, 2024 | finanznachrichten.deOrmat Technologies, Inc.: Ormat Technologies Reports Fourth Quarter and Year-End 2023 Financial ResultsFebruary 22, 2024 | finance.yahoo.comOrmat Technologies Inc (ORA) Reports Strong Earnings Growth and Progress Towards 2026 GoalsFebruary 22, 2024 | finance.yahoo.comOrmat Technologies (ORA) Q4 Earnings: How Key Metrics Compare to Wall Street EstimatesFebruary 21, 2024 | msn.comOrmat Technologies beats top-line and bottom-line estimates; initiates FY24 outlookFebruary 21, 2024 | finance.yahoo.comOrmat Technologies Reports Fourth Quarter and Year-End 2023 Financial ResultsFebruary 21, 2024 | globenewswire.comOrmat Technologies Reports Fourth Quarter and Year-End 2023 Financial ResultsFebruary 20, 2024 | benzinga.comEarnings Preview For Ormat TechnologiesFebruary 18, 2024 | finance.yahoo.comORA Jun 2024 60.000 putFebruary 17, 2024 | finance.yahoo.comORA Jun 2024 45.000 putFebruary 17, 2024 | finance.yahoo.comORA Jun 2024 65.000 putFebruary 17, 2024 | finance.yahoo.comORA Jun 2024 105.000 callSee More Headlines Receive ORA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ormat Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/21/2024Ex-Dividend for 3/20 Dividend3/05/2024Today3/18/2024Dividend Payable3/20/2024Next Earnings (Estimated)5/14/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Electric services Sub-IndustryIndependent Power Producers & Energy Traders Current SymbolNYSE:ORA CUSIP68668810 CIK1296445 Webwww.ormat.com Phone(775) 356-9029Fax775-356-9039Employees1,576Year FoundedN/APrice Target and Rating Average Stock Price Target$82.00 High Stock Price Target$92.00 Low Stock Price Target$70.00 Potential Upside/Downside+28.3%Consensus RatingHold Rating Score (0-4)2.43 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.09 Trailing P/E Ratio30.58 Forward P/E Ratio27.79 P/E Growth1.35Net Income$124.40 million Net Margins15.00% Pretax Margin16.77% Return on Equity5.09% Return on Assets2.41% Debt Debt-to-Equity Ratio0.64 Current Ratio1.20 Quick Ratio1.12 Sales & Book Value Annual Sales$829.42 million Price / Sales4.65 Cash Flow$5.74 per share Price / Cash Flow11.13 Book Value$40.44 per share Price / Book1.58Miscellaneous Outstanding Shares60,360,000Free Float59,755,000Market Cap$3.86 billion OptionableOptionable Beta0.48 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. Doron Blachar (Age 56)Chief Executive Officer Comp: $1.16MMr. Assaf Ginzburg (Age 49)Chief Financial Officer Comp: $712.79kMr. Shimon Hatzir (Age 62)Executive Vice President of Electricity Segment Comp: $674.5kMr. Ofer Ben Yosef (Age 60)Executive Vice President of Energy Storage & Business Development Comp: $622.51kMs. Smadar LaviVice President, Head of Investor Relations & ESG Planning and ReportingMs. Jessica Woelfel (Age 47)General Counsel, Chief Compliance Officer & Corporate Secretary Ms. Liza TavoriExecutive Vice President of Human ResourcesMs. Etty Rosner (Age 68)Senior Vice President of Contract Management Ms. Nirit GrushkoSenior Vice President of Engineering, R&D, Quality, Safety, & InnovationMr. Elad ZalkinSenior Vice President of Projects, Business Excellence, Planning & ControlMore ExecutivesKey CompetitorsClearway EnergyNYSE:CWENBrookfield RenewableNYSE:BEPCNextEra Energy PartnersNYSE:NEPReNew Energy GlobalNASDAQ:RNWAtlantica Sustainable InfrastructureNASDAQ:AYView All CompetitorsInsiders & InstitutionsVanguard Group Inc.Bought 39,172 shares on 3/11/2024Ownership: 8.821%Wellington Management Group LLPBought 35,665 shares on 3/5/2024Ownership: 1.725%Goldman Sachs Group Inc.Sold 128,153 shares on 3/1/2024Ownership: 0.801%American International Group Inc.Sold 3,100 shares on 2/28/2024Ownership: 0.164%Price T Rowe Associates Inc. MDBought 135,581 shares on 2/16/2024Ownership: 0.667%View All Insider TransactionsView All Institutional Transactions ORA Stock Analysis - Frequently Asked Questions Should I buy or sell Ormat Technologies stock right now? 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ORA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORA, but not buy additional shares or sell existing shares. View ORA analyst ratings or view top-rated stocks. What is Ormat Technologies' stock price target for 2024? 7 Wall Street research analysts have issued twelve-month target prices for Ormat Technologies' shares. Their ORA share price targets range from $70.00 to $92.00. On average, they predict the company's share price to reach $82.00 in the next twelve months. This suggests a possible upside of 29.2% 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 2024? Ormat Technologies' stock was trading at $75.79 at the beginning of 2024. Since then, ORA stock has decreased by 16.3% and is now trading at $63.46. View the best growth stocks for 2024 here. When is Ormat Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024. View our ORA earnings forecast. How were Ormat Technologies' earnings last quarter? Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings data on Wednesday, February, 21st. The energy company reported $0.67 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.07. The energy company earned $241.30 million during the quarter, compared to analysts' expectations of $239.71 million. Ormat Technologies had a trailing twelve-month return on equity of 5.09% and a net margin of 15.00%. The company's revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.73 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, February 21st. Investors of record on Wednesday, March 6th will be given a dividend of $0.12 per share on Wednesday, March 20th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Tuesday, March 5th. 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 0.75%. The dividend payout ratio is 22.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 20.00% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ORA. What ETFs hold Ormat Technologies' stock? 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), Amplify 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). What guidance has Ormat Technologies issued on next quarter's earnings? Ormat Technologies updated its FY 2024 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of for the period. The company issued revenue guidance of $860.0 million-$910.0 million, compared to the consensus revenue estimate of $910.2 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). Who are Ormat Technologies' major shareholders? Ormat Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.82%), Vanguard Group Inc. (8.82%), Impax Asset Management Group plc (4.37%), Global Alpha Capital Management Ltd. (3.83%), Clal Insurance Enterprises Holdings Ltd (3.28%) and Dimensional Fund Advisors LP (2.08%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:ORA) was last updated on 3/18/2024 by MarketBeat.com Staff From Our PartnersCentral Bank Gold Heist In ProgressColonial MetalsLike Tiny Crypto Retirement FundsCrypto 101 MediaMake This $3 Trade the Instant the Opening Bell RingsMonument Traders AllianceSHOCKING Footage From Tesla Gigafactory In Austin, TexasInvestorPlaceThe world’s greatest investmentPorter & CompanyForget AI, Imperium Is Expected to Grow 320,00% in 3 YearsBanyan Hill PublishingBill Gates Bets on $15 Trillion BonanzaWeiss RatingsThis AI Trade Machine Made 1,729%* (With 89% Wins)Prosper Trading Academy Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ormat Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. 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