NYSE:ORA Ormat Technologies (ORA) Stock Forecast, Price & News $84.92 +0.94 (+1.12%) (As of 05/26/2023 07:00 PM ET) Add Compare Share Share Today's Range$83.72▼$84.9550-Day Range$79.16▼$88.3752-Week Range$67.28▼$101.81Volume228,500 shsAverage Volume345,014 shsMarket Capitalization$5.07 billionP/E Ratio62.90Dividend Yield0.57%Price Target$91.86 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ormat Technologies MarketRank™ ForecastAnalyst RatingHold2.25 Rating ScoreUpside/Downside8.2% Upside$91.86 Price TargetShort InterestBearish7.37% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability+2.08Upright™ Environmental ScoreNews Sentiment0.69Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth30.95%From $2.10 to $2.75 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.98 out of 5 starsOils/Energy Sector190th out of 249 stocksElectric Services Industry33rd out of 40 stocks 1.1 Analyst's Opinion Consensus RatingOrmat Technologies has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 6 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $91.86, Ormat Technologies has a forecasted upside of 8.2% from its current price of $84.92.Amount of Analyst CoverageOrmat Technologies has only been the subject of 3 research reports in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.37% 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 8.2.Change versus previous monthShort interest in Ormat Technologies has recently increased by 1.38%, indicating that investor sentiment is decreasing. Previous Next 1.7 Dividend Strength Dividend YieldOrmat Technologies has a dividend yield of 0.57%, 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 35.56%. 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 17.45% 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 2.6 News and Social Media Coverage News SentimentOrmat Technologies has a news sentiment score of 0.69. 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 higher news sentiment than the 0.51 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 Interest9 people have searched for ORA on MarketBeat in the last 30 days. This is an increase of 350% 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 Institutions81.74% 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 2.5 Earnings and Valuation Earnings GrowthEarnings for Ormat Technologies are expected to grow by 30.95% in the coming year, from $2.10 to $2.75 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ormat Technologies is 62.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.27.Price to Earnings Ratio vs. SectorThe P/E ratio of Ormat Technologies is 62.90, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 49.74.Price to Earnings Growth RatioOrmat Technologies has a PEG Ratio of 4.04. 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 2.35. 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 About Ormat Technologies (NYSE:ORA) StockOrmat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.Read More 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 ORA Stock News HeadlinesMay 30, 2023 | finance.yahoo.comOrmat Resumes Operation at Its Heber 1 Power Plant in California and Completes Expansion of the Dixie Valley Power Plant in NevadaMay 24, 2023 | americanbankingnews.comBarclays Initiates Coverage on Ormat Technologies (NYSE:ORA)May 30, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 22, 2023 | msn.com7 Analysts Have This to Say About Ormat TechnologiesMay 22, 2023 | markets.businessinsider.comOrmat Techno (ORA) Gets a Hold from BarclaysMay 19, 2023 | msn.comOrmat Technologies goes ex dividend on MondayMay 13, 2023 | americanbankingnews.comBrokerages Set Ormat Technologies, Inc. (NYSE:ORA) PT at $92.33May 12, 2023 | msn.comOppenheimer Reiterates Ormat Technologies (ORA) Outperform RecommendationMay 30, 2023 | Edge On The Street (Ad)New "Mined in America" Lithium Opportunities?The average electric vehicle needs 138 pounds of lithium carbonate for its battery components. But China currently controls the entire lithium supply chain.May 12, 2023 | americanbankingnews.comOrmat Technologies (NYSE:ORA) Posts Earnings Results, Beats Estimates By $0.02 EPSMay 12, 2023 | msn.comOrmat Technologies (ORA) Declares $0.12 DividendMay 11, 2023 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Ovintiv (OVV) and Ormat Techno (ORA)May 11, 2023 | finance.yahoo.comHere's What's Concerning About Ormat Technologies' (NYSE:ORA) Returns On CapitalMay 11, 2023 | finance.yahoo.comQ1 2023 Ormat Technologies Inc Earnings CallMay 10, 2023 | finanznachrichten.deOrmat Technologies, Inc.: Ormat Technologies Reports First Quarter 2023 Financial ResultsMay 9, 2023 | finance.yahoo.comOrmat Technologies (ORA) Q1 Earnings Top EstimatesMay 9, 2023 | finance.yahoo.comOrmat Technologies Reports First Quarter 2023 Financial ResultsMay 8, 2023 | msn.comOrmat Technologies Q1 2023 Earnings PreviewMay 8, 2023 | americanbankingnews.comOrmat Technologies (ORA) Set to Announce Quarterly Earnings on TuesdayMay 8, 2023 | americanbankingnews.comOrmat Technologies (ORA) to Release Quarterly Earnings on TuesdayMay 4, 2023 | finance.yahoo.comOrmat (ORA) to Release Q1 Earnings: What's in the Cards?May 3, 2023 | finance.yahoo.comOrmat Technologies (ORA) Gains As Market Dips: What You Should KnowApril 27, 2023 | finance.yahoo.comOrmat Technologies (ORA) Gains But Lags Market: What You Should KnowApril 24, 2023 | finance.yahoo.comWill Ormat Technologies (ORA) Beat Estimates Again in Its Next Earnings Report?April 21, 2023 | finance.yahoo.comOrmat Technologies (ORA) Outpaces Stock Market Gains: What You Should KnowApril 16, 2023 | finance.yahoo.comOrmat Technologies, Inc. (NYSE:ORA) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?April 16, 2023 | americanbankingnews.comOrmat Technologies, Inc. (NYSE:ORA) Receives $92.33 Average Price Target from AnalystsSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 ORA Company Calendar Ex-Dividend for 3/22 Dividend3/07/2023Dividend Payable3/22/2023Last Earnings5/09/2023Ex-Dividend for 6/6 Dividend5/22/2023Today5/30/2023Dividend Payable6/06/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryIndependent Power Producers & Energy Traders SectorOils/Energy Current SymbolNYSE:ORA CUSIP68668810 CIK1296445 Webwww.ormat.com Phone(775) 356-9029Fax775-356-9039Employees1,480Year FoundedN/APrice Target and Rating Average Stock Price Forecast$91.86 High Stock Price Forecast$105.00 Low Stock Price Forecast$84.00 Forecasted Upside/Downside+8.2%Consensus RatingHold Rating Score (0-4)2.25 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$1.35 Trailing P/E Ratio62.90 Forward P/E Ratio40.44 P/E Growth4.04Net Income$65.84 million Net Margins10.39% Pretax Margin14.31% Return on Equity4.86% Return on Assets2.17% Debt Debt-to-Equity Ratio0.71 Current Ratio2.07 Quick Ratio1.96 Sales & Book Value Annual Sales$735.68 million Price / Sales6.89 Cash Flow$5.19 per share Price / Cash Flow16.36 Book Value$36.06 per share Price / Book2.35Miscellaneous Outstanding Shares59,700,000Free Float59,103,000Market Cap$5.07 billion OptionableOptionable Beta0.46 Key ExecutivesDoron BlacharChief Executive OfficerShlomi ArgasPresident, Head-Operations & ProductsAssi GinzburgChief Financial OfficerJessica WoelfelSecretary, Chief Compliance Officer & GeneralBob SullivanExecutive Vice President-Business DevelopmentKey CompetitorsNextEra Energy PartnersNYSE:NEPBrookfield RenewableNYSE:BEPCClearway EnergyNYSE:CWENAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsProShare Advisors LLCBought 2,853 shares on 5/26/2023Ownership: 0.020%Empower Advisory Group LLCBought 162,223 shares on 5/25/2023Ownership: 0.272%Ameriprise Financial Inc.Bought 2,382 shares on 5/22/2023Ownership: 0.109%New York State Common Retirement FundSold 9,099 shares on 5/18/2023Ownership: 0.045%Harvest Portfolios Group Inc.Sold 1,790 shares on 5/18/2023Ownership: 0.016%View All Insider TransactionsView All Institutional Transactions ORA Stock - Frequently Asked Questions Should I buy or sell Ormat Technologies stock right now? 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 6 hold ratings and 2 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 forecast for 2023? 8 Wall Street analysts have issued 1-year price targets for Ormat Technologies' stock. Their ORA share price forecasts range from $84.00 to $105.00. On average, they anticipate the company's stock price to reach $91.86 in the next twelve months. This suggests a possible upside of 8.2% 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 2023? Ormat Technologies' stock was trading at $86.48 at the start of the year. Since then, ORA shares have decreased by 1.8% and is now trading at $84.92. View the best growth stocks for 2023 here. Are investors shorting Ormat Technologies? Ormat Technologies saw a increase in short interest during the month of April. As of April 30th, there was short interest totaling 4,340,000 shares, an increase of 15.1% from the April 15th total of 3,770,000 shares. Based on an average daily volume of 530,100 shares, the days-to-cover ratio is presently 8.2 days. View Ormat Technologies' Short Interest. When is Ormat Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our ORA earnings forecast. How were Ormat Technologies' earnings last quarter? Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Tuesday, May, 9th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.02. The energy company had revenue of $185.20 million for the quarter, compared to analyst estimates of $212.86 million. Ormat Technologies had a net margin of 10.39% and a trailing twelve-month return on equity of 4.86%. The firm's revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.35 earnings per share. How often does Ormat Technologies pay dividends? What is the dividend yield for Ormat Technologies? Ormat Technologies declared a quarterly dividend on Tuesday, May 9th. Shareholders of record on Tuesday, May 23rd will be paid a dividend of $0.12 per share on Tuesday, June 6th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Monday, May 22nd. 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 ProShares S&P Kensho Cleantech ETF (CTEX), ALPS Clean Energy ETF (ACES), SmartETFs Sustainable Energy II ETF (SOLR), Global X Renewable Energy Producers ETF (RNRG), BlueStar Israel Technology ETF (ITEQ), SPDR S&P Kensho Clean Power ETF (CNRG), Fidelity Clean Energy ETF (FRNW) and Neuberger Berman Carbon Transition & Infrastructure ETF (NBCT). 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 0.57%. The dividend payout ratio is 35.56%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 17.45% 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 updated its FY 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $823.00 million-$858.00 million, compared to the consensus revenue estimate of $837.24 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (15.20%), Clal Insurance Enterprises Holdings Ltd (4.13%), Impax Asset Management Group plc (3.78%), Global Alpha Capital Management Ltd. (3.57%), State Street Corp (3.26%) and Dimensional Fund Advisors LP (2.27%). Insiders that own company stock include Assi Ginzburg, Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Ofer Benyosef, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger. 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 $84.92. How much money does Ormat Technologies make? Ormat Technologies (NYSE:ORA) has a market capitalization of $5.07 billion and generates $735.68 million in revenue each year. The energy company earns $65.84 million in net income (profit) each year or $1.35 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 5/30/2023 by MarketBeat.com Staff 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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