Ormat Technologies Stock Forecast, Price & News

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 shares have decreased by 11.5% and is now trading at $55.38.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings data on Tuesday, August, 4th. The energy company reported $0.45 EPS for the quarter, beating the consensus estimate of $0.38 by $0.07. The energy company earned $174.90 million during the quarter, compared to analysts' expectations of $168.63 million. Ormat Technologies had a return on equity of 5.06% and a net margin of 10.59%. The firm's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 earnings per share.
View Ormat Technologies' earnings history.

Ormat Technologies announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.11 per share on Tuesday, September 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Monday, August 17th.
View Ormat Technologies' dividend history.

Ormat Technologies updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $710-725 million, compared to the consensus revenue estimate of $720.5 million.

4 brokers have issued 12 month price targets for Ormat Technologies' shares. Their forecasts range from $76.00 to $82.00. On average, they expect Ormat Technologies' share price to reach $78.67 in the next year. This suggests a possible upside of 42.0% from the stock's current price.
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Ormat Technologies saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,230,000 shares, an increase of 9.7% from the August 15th total of 5,680,000 shares. Based on an average daily volume of 358,700 shares, the days-to-cover ratio is presently 17.4 days. Approximately 13.5% of the shares of the stock are short sold.
View Ormat Technologies' Short Interest.

Some companies that are related to Ormat Technologies include AES (AES), NRG Energy (NRG), Genie Energy (GNE), Atlantic Power (AT) and American DG Energy (ADGE).
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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), Boeing (BA), Advanced Micro Devices (AMD) and Costco Wholesale (COST).

Ormat Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORA."

Ormat Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.11%), Phoenix Holdings Ltd. (1.19%), Neuberger Berman Group LLC (0.96%), Charles Schwab Investment Management Inc. (0.79%), Harel Insurance Investments & Financial Services Ltd. (0.51%) and Bank of New York Mellon Corp (0.44%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ofer Benyosef, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
View institutional ownership trends for Ormat Technologies.

ORA stock was sold by a variety of institutional investors in the last quarter, including Glenmede Trust Co. NA, Jane Street Group LLC, Meitav Dash Investments Ltd., Mackay Shields LLC, Strs Ohio, Nuveen Asset Management LLC, Neuberger Berman Group LLC, and AQR Capital Management LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Byron G Wong, Dan Falk, Shlomi Argas, and Zvi Krieger.
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ORA stock was bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Vanguard Group Inc., Handelsbanken Fonder AB, Goldman Sachs Group Inc., Phoenix Holdings Ltd., Harel Insurance Investments & Financial Services Ltd., Marshall Wace LLP, and SG Americas Securities LLC. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, and Roberts Christopher.
View insider buying and selling activity for 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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ORA stock can currently be purchased for approximately $55.38.

Ormat Technologies has a market capitalization of $2.83 billion and generates $746.04 million in revenue each year. The energy company earns $88.10 million in net income (profit) each year or $1.46 on an earnings per share basis. Ormat Technologies employs 1,408 workers across the globe.

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

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]