Ormat Technologies Stock Price, News & Analysis (NYSE:ORA)

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ORA shares.
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7 equities research analysts have issued 1 year price objectives for Ormat Technologies' stock. Their ORA share price targets range from $79.00 to $105.00. On average, they predict the company's share price to reach $89.14 in the next twelve months. This suggests a possible upside of 28.0% from the stock's current price.
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Ormat Technologies' stock was trading at $86.48 at the beginning of 2023. Since then, ORA shares have decreased by 19.5% and is now trading at $69.62.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our ORA earnings forecast.

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings data on Wednesday, November, 8th. The energy company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.11. The energy company earned $208.06 million during the quarter, compared to analysts' expectations of $210.69 million. Ormat Technologies had a net margin of 13.45% and a trailing twelve-month return on equity of 5.35%.

Ormat Technologies declared a quarterly dividend on Wednesday, November 8th. Shareholders of record on Wednesday, November 22nd will be given a dividend of $0.12 per share on Wednesday, December 6th. This represents a $0.48 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Tuesday, November 21st.
Read our dividend analysis for ORA.

Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.69%. The dividend payout ratio is 26.37%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 19.67% next year. This indicates that the company will be able to sustain or increase its dividend.
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).

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' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Impax Asset Management Group plc (3.81%), Clal Insurance Enterprises Holdings Ltd (3.60%), Global Alpha Capital Management Ltd. (3.51%), Van Berkom & Associates Inc. (1.72%), Wellington Management Group LLP (1.67%) and Northern Trust Corp (1.39%). 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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