NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$68.43
+2.37 (+3.59 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$65.69
$68.55
50-Day Range
$65.73
$72.17
52-Week Range
$54.05
$128.87
Volume866,200 shs
Average Volume607,310 shs
Market Capitalization$3.83 billion
P/E Ratio57.03
Dividend Yield0.70%
Beta0.32
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Ormat Technologies logo

About Ormat Technologies

Ormat Technologies, Inc. operates as a holding company. The firm engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses in the sale of electricity from the company's power plants pursuant to PPAs. The Product segment involves in 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.

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MarketRank

Overall MarketRank

2.53 out of 5 stars

Oils/Energy Sector

53rd out of 345 stocks

Electric Services Industry

8th out of 54 stocks

Analyst Opinion: 3.3Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

Is Ormat Technologies a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ormat Technologies stock.
View analyst ratings for Ormat Technologies
or view top-rated stocks.

What stocks does MarketBeat like better than Ormat Technologies?

Wall Street analysts have given Ormat Technologies a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ormat Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, November 2nd 2021.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Wednesday, August, 4th. The energy company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.02. The energy company earned $146.90 million during the quarter, compared to analysts' expectations of $147.75 million. Ormat Technologies had a trailing twelve-month return on equity of 3.96% and a net margin of 9.92%. Ormat Technologies's revenue for the quarter was down 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.45 EPS.
View Ormat Technologies' earnings history
.

How has Ormat Technologies' stock been impacted by COVID-19?

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, ORA stock has increased by 9.4% and is now trading at $68.43.
View which stocks have been most impacted by COVID-19
.

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

Ormat Technologies declared a quarterly dividend on Wednesday, August 4th. Stockholders of record on Wednesday, August 18th will be paid a dividend of $0.12 per share on Wednesday, September 1st. This represents a $0.48 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Tuesday, August 17th.
View Ormat Technologies' dividend history
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.70%. The dividend payout ratio of Ormat Technologies is 29.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 24.00% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.
View Ormat Technologies' dividend history.

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

Ormat Technologies issued an update on its FY 2021 earnings guidance on Wednesday, September, 1st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $650 million-$685 million, compared to the consensus revenue estimate of $659.58 million.

What price target have analysts set for ORA?

5 Wall Street analysts have issued 12 month price objectives for Ormat Technologies' shares. Their forecasts range from $72.00 to $100.00. On average, they expect Ormat Technologies' share price to reach $86.60 in the next year. This suggests a possible upside of 26.6% from the stock's current price.
View analysts' price targets for Ormat Technologies
or view top-rated stocks among Wall Street analysts.

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following people:
  • Doron Blachar, Chief Executive Officer
  • Shlomi Argas, President
  • Assi Ginzburg, Chief Financial Officer
  • Etty Rosner, Secretary & Senior Vice President
  • Bob Sullivan, Executive Vice President-Business Development

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

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

Who are some of Ormat Technologies' key competitors?

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), The 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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (8.73%), Vanguard Group Inc. (7.68%), Impax Asset Management Group plc (3.92%), Dimensional Fund Advisors LP (2.60%), Global Alpha Capital Management Ltd. (2.32%) and State Street Corp (1.91%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Byron G Wong, Dan Falk, Lowe Brian, Ofer Benyosef, Roberts Christopher, Shlomi Argas and Zvi Krieger.
View institutional ownership trends for Ormat Technologies
.

Which major investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Credit Suisse AG, Renaissance Technologies LLC, JPMorgan Chase & Co., Handelsbanken Fonder AB, Van Berkom & Associates Inc., Citigroup Inc., and Alliancebernstein L.P..
View insider buying and selling activity for Ormat Technologies
or view top insider-selling stocks.

Which major investors are buying Ormat Technologies stock?

ORA stock was bought by a variety of institutional investors in the last quarter, including Morgan Stanley, Morgan Stanley, Amundi, Point72 Asset Management L.P., Group One Trading L.P., Goldman Sachs Group Inc., Impax Asset Management Group plc, and Dimensional Fund Advisors LP. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, Roberts Christopher, and Zvi Krieger.
View insider buying and selling activity for Ormat Technologies
or or view top insider-buying stocks.

How do I buy shares of Ormat Technologies?

Shares of ORA 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 $68.43.

How much money does Ormat Technologies make?

Ormat Technologies has a market capitalization of $3.83 billion and generates $705.34 million in revenue each year. The energy company earns $85.46 million in net income (profit) each year or $1.65 on an earnings per share basis.

How many employees does Ormat Technologies have?

Ormat Technologies employs 1,402 workers across the globe.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is www.ormat.com.

Where are Ormat Technologies' headquarters?

Ormat Technologies is headquartered at 6140 PLUMAS STREET, RENO NV, 89519.

How can I contact Ormat Technologies?

Ormat Technologies' mailing address is 6140 PLUMAS STREET, RENO NV, 89519. The energy company can be reached via phone at (775) 356-9029 or via email at [email protected].


This page was last updated on 9/20/2021 by MarketBeat.com Staff
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