S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts
S&P 500   4,549.34
DOW   36,054.43
QQQ   385.05
14 best consumer staples dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
Ex dividend date vs record date: What’s the difference?
How to find blue-chip dividend stocks
New CBOE “special perk” helps traders target income every weekend (Ad)
What is the consumer staples sector?
6 best online and direct marketing retail stocks to invest in
New CBOE “special perk” helps traders target income every weekend (Ad)
What does consumer price index measure?
Last chance to set up your portfolio for OPEC cuts

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

$69.62
+0.92 (+1.34%)
(As of 12/6/2023 ET)
Compare
Today's Range
$69.19
$70.89
50-Day Range
$59.01
$69.91
52-Week Range
$58.73
$94.49
Volume
454,127 shs
Average Volume
442,868 shs
Market Capitalization
$4.20 billion
P/E Ratio
38.25
Dividend Yield
0.69%
Price Target
$89.14

Ormat Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.57 Rating Score
Upside/​Downside
28.0% Upside
$89.14 Price Target
Short Interest
Bearish
6.08% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
+2.08
Upright™ Environmental Score
News Sentiment
1.75mentions of Ormat Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$52,603 Sold Last Quarter
Proj. Earnings Growth
17.31%
From $2.08 to $2.44 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.83 out of 5 stars

Oils/Energy Sector

31st out of 204 stocks

Electric Services Industry

5th out of 36 stocks


ORA stock logo

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, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through 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, 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. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; 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 energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

ORA Stock Price History

ORA Stock News Headlines

Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Ormat Stock Gaps Up On Today's Open (ORA)
Hold Rating on Ormat Techno Amid Strong Growth and Adjusted 2023 Guidance
Q3 2023 Ormat Technologies Inc Earnings Call
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
Ormat Technologies: EGS Could Provide Unexpected Upside
Ormat Releases 2022 Sustainability Report
See 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.

Company Calendar

Last Earnings
11/08/2023
Ex-Dividend for 12/6 Dividend
11/21/2023
Today
12/06/2023
Dividend Payable
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,480
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$89.14
High Stock Price Target
$105.00
Low Stock Price Target
$79.00
Potential Upside/Downside
+28.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.57
Research Coverage
7 Analysts

Profitability

Net Income
$65.84 million
Pretax Margin
13.00%

Debt

Sales & Book Value

Annual Sales
$734.16 million
Cash Flow
$5.19 per share
Book Value
$36.06 per share

Miscellaneous

Free Float
59,750,000
Market Cap
$4.20 billion
Optionable
Optionable
Beta
0.50
10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report














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 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.
View ORA analyst ratings
or view top-rated stocks.

What is Ormat Technologies' stock price target for 2024?

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.
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 beginning of 2023. Since then, ORA shares have decreased by 19.5% and is now trading at $69.62.
View the best growth stocks for 2023 here
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 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, 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%.

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

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
.

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 0.69%. 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.

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 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.
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.

This page (NYSE:ORA) was last updated on 12/7/2023 by MarketBeat.com Staff

My Account -