NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$59.11

+0.15 (+0.25 %)

(As of 09/30/2020 04:54 PM ET)

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Today's Range

$57.40

Now: $59.11▼

$59.54

50-Day Range

$54.86

MA: $59.46▼

$64.04

52-Week Range

$53.44

Now: $59.11▼

$87.07

Volume307,970 shs

Average Volume328,926 shs

Market Capitalization$3.02 billion

P/E Ratio39.41

Dividend Yield0.75%

Beta0.54

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal 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 remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal, solar photovoltaic, 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 Other segment offers energy storage, demand response, and energy management related services. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

Beat the Market (BTM) Rank^™

3.3 Analyst's Opinion

Consensus Rating
Ormat Technologies has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 2 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $78.67, Ormat Technologies has a forecasted upside of 32.7% from its current price of $59.28.
Amount of Analyst Coverage
Ormat Technologies has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Ormat Technologies has received 279 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ormat Technologies has received 350 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ormat Technologies has received 55.64% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ormat Technologies and other stocks. Vote “Outperform” if you believe ORA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ORA will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Ormat Technologies has a dividend yield of 0.75%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ormat Technologies has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Ormat Technologies is 30.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 22.45% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

4.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ormat Technologies insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,417,548.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
Only 0.80% of the stock of Ormat Technologies is held by insiders.
Percentage Held by Institutions
80.43% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Ormat Technologies are expected to grow by 13.29% in the coming year, from $1.73 to $1.96 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ormat Technologies is 39.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.67.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ormat Technologies is 39.52, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 16.36.
Price to Earnings Growth Ratio
Ormat Technologies has a PEG Ratio of 3.08. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ormat Technologies has a P/B Ratio of 1.99. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.35 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryIndependent Power Producers & Energy Traders

SectorOils/Energy

Current SymbolNYSE:ORA

Previous Symbol

CUSIP68668810

CIK1296445

Webwww.ormat.com

Phone775-356-9029

Debt

Debt-to-Equity Ratio0.72

Current Ratio1.28

Quick Ratio1.18

Price-To-Earnings

Trailing P/E Ratio39.41

Forward P/E Ratio34.17

P/E Growth3.08

Sales & Book Value

Annual Sales$746.04 million

Price / Sales4.05

Cash Flow$4.37 per share

Price / Cash Flow13.52

Book Value$29.72 per share

Price / Book1.99

Profitability

EPS (Most Recent Fiscal Year)$1.46

Net Income$88.10 million

Net Margins10.59%

Return on Equity5.06%

Return on Assets2.31%

Miscellaneous

Employees1,408

Outstanding Shares51,067,000

Market Cap$3.02 billion

Next Earnings Date11/4/2020 (Estimated)

OptionableOptionable

$59.11

+0.15 (+0.25 %)

(As of 09/30/2020 04:54 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

How has Ormat Technologies' stock price 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. Since then, ORA stock has decreased by 5.5% and is now trading at $59.11.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Ormat Technologies?

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."
View analyst ratings for Ormat Technologies.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Ormat Technologies.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings results on Tuesday, August, 4th. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The energy company had revenue of $174.90 million for the quarter, compared to analysts' expectations of $168.63 million. Ormat Technologies had a net margin of 10.59% and a return on equity of 5.06%. The business's revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.40 EPS.
View Ormat Technologies' earnings history.

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

Ormat Technologies declared a quarterly dividend on Tuesday, August 4th. Shareholders 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 annualized dividend and a yield of 0.74%. The ex-dividend date is Monday, August 17th.
View Ormat Technologies' dividend history.

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

Ormat Technologies issued an update on 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.

What price target have analysts set for ORA?

4 analysts have issued 12 month target prices for Ormat Technologies' stock. Their forecasts range from $76.00 to $82.00. On average, they anticipate Ormat Technologies' share price to reach $78.67 in the next twelve months. This suggests a possible upside of 33.1% from the stock's current price.
View analysts' price targets for Ormat Technologies.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest in 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 trading volume, of 358,700 shares, the days-to-cover ratio is presently 17.4 days. Currently, 13.5% of the shares of the company are short sold.
View Ormat Technologies' Short Interest.

Who are some of Ormat Technologies' key competitors?

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).
View all 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), Boeing (BA), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following people:

Mr. Isaac Angel, Chief Exec. Officer (Age 63)
Mr. Doron Blachar, Chief Financial Officer (Age 51)
Mr. Shlomi Argas, Exec. VP of Products Segment & Operations (Age 54)
Mr. Bob Sullivan, Exec. VP of Bus. Devel., Sales & Marketing (Age 56)
Mr. Zvi Krieger, Exec. VP of Electricity Segment (Age 63)

What is Ormat Technologies' stock symbol?

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

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $59.11.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $3.02 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.

What is Ormat Technologies' official website?

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

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 9/30/2020 by MarketBeat.com Staff

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