NYSE:ORA - Ormat Technologies Stock Price, Forecast & News

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

Ormat Technologies announced a quarterly dividend on Wednesday, November 6th. Shareholders of record on Wednesday, November 20th will be paid a dividend of $0.11 per share on Wednesday, December 4th. This represents a $0.44 dividend on an annualized basis and a yield of 0.56%. The ex-dividend date is Tuesday, November 19th. View Ormat Technologies' Dividend History.

Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings results on Wednesday, November, 6th. The energy company reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.33 by $0.03. The energy company earned $170.50 million during the quarter, compared to analysts' expectations of $171.11 million. Ormat Technologies had a net margin of 12.59% and a return on equity of 6.00%. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.31 earnings per share. View Ormat Technologies' Earnings History.

Ormat Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Ormat Technologies.

4 Wall Street analysts have issued 1 year price targets for Ormat Technologies' shares. Their forecasts range from $60.00 to $78.00. On average, they expect Ormat Technologies' share price to reach $71.75 in the next year. This suggests that the stock has a possible downside of 8.5%. View Analyst Price Targets for Ormat Technologies.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ormat Technologies.

Media stories about ORA stock have been trending somewhat negative recently, according to InfoTrie. The research firm identifies positive and negative press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ormat Technologies earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave news stories about the energy company a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Ormat Technologies.

Ormat Technologies saw a decrease in short interest during the month of December. As of December 13th, there was short interest totalling 530,300 shares, a decrease of 5.9% from the November 28th total of 563,600 shares. Based on an average daily trading volume, of 162,800 shares, the days-to-cover ratio is currently 3.3 days. Currently, 1.2% of the shares of the stock are sold short. View Ormat Technologies' Current Options Chain.

Some companies that are related to Ormat Technologies include AES (AES), NRG Energy (NRG), Atlantic Power (AT), Genie Energy (GNE) and American DG Energy (ADGE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include Applied Materials (AMAT), Netflix (NFLX), Cisco Systems (CSCO), Corning (GLW), Home Depot (HD), AT&T (T), Adobe (ADBE), Micron Technology (MU), NVIDIA (NVDA) and QUALCOMM (QCOM).

Ormat Technologies' stock is owned by many different of institutional and retail investors. Top institutional investors include Brasada Capital Management LP (0.08%), Bridge Creek Capital Management LLC (0.07%), Somerville Kurt F (0.03%), LGT Capital Partners LTD. (0.03%), Sciencast Management LP (0.01%) and Hemenway Trust Co LLC (0.01%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Erez Klein, Lowe Brian, Nir Wolf, 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 LGT Capital Partners LTD., Bridge Creek Capital Management LLC and Hemenway Trust Co LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Nir Wolf, Ravit Barniv, Shlomi Argas and Zvi Krieger. View Insider Buying and Selling for Ormat Technologies.

ORA stock was acquired by a variety of institutional investors in the last quarter, including Sciencast Management LP, Boston Trust Walden Corp, Somerville Kurt F and Brasada Capital Management LP. View Insider Buying and Selling 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 $78.40.

Ormat Technologies has a market capitalization of $4.00 billion and generates $719.27 million in revenue each year. The energy company earns $97.97 million in net income (profit) each year or $2.08 on an earnings per share basis. Ormat Technologies employs 1,346 workers across the globe.View Additional Information About Ormat Technologies.

The official website for Ormat Technologies is http://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]