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S&P 500   4,158.24
DOW   33,212.96
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S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
S&P 500   4,158.24
DOW   33,212.96
QQQ   309.10
NYSE:ORA

Ormat Technologies (ORA) Stock Forecast, Price & News

$84.52
+2.75 (+3.36%)
(As of 05/27/2022 12:00 AM ET)
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Today's Range
$82.16
$85.60
50-Day Range
$71.63
$87.02
52-Week Range
$60.32
$88.52
Volume
393,621 shs
Average Volume
387,789 shs
Market Capitalization
$4.74 billion
P/E Ratio
72.86
Dividend Yield
0.59%
Beta
0.46
30 days | 90 days | 365 days | Advanced Chart
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Ormat Technologies logo

About Ormat Technologies

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 remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; 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.

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,385
Year Founded
N/A

Sales & Book Value

Annual Sales
$663.08 million
Cash Flow
$5.05 per share
Book Value
$35.93 per share

Profitability

Net Income
$62.09 million
Pretax Margin
16.99%

Debt

Price-To-Earnings

Miscellaneous

Free Float
55,455,000
Market Cap
$4.74 billion
Optionable
Optionable

Company Calendar

Ex-Dividend for 3/23 Dividend
3/08/2022
Dividend Payable
3/23/2022
Last Earnings
5/02/2022
Ex-Dividend for 5/31 Dividend
5/13/2022
Today
5/28/2022
Dividend Payable
5/31/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.26 out of 5 stars

Oils/Energy Sector

97th out of 386 stocks

Electric Services Industry

19th out of 58 stocks

Analyst Opinion: 1.3Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













Ormat Technologies (NYSE:ORA) Frequently Asked Questions

Is Ormat Technologies a buy right now?

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

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) released its earnings results on Monday, May, 2nd. The energy company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.32 by $0.03. The energy company earned $183.71 million during the quarter, compared to analyst estimates of $174.20 million. Ormat Technologies had a trailing twelve-month return on equity of 3.70% and a net margin of 9.59%.
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 Monday, May 2nd. Shareholders of record on Monday, May 16th will be given a dividend of $0.12 per share on Tuesday, May 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.57%. The ex-dividend date is Friday, May 13th.
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 0.59%. Ormat Technologies does not yet have a strong track record of dividend growth. The dividend payout ratio of Ormat Technologies is 41.38%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 24.62% 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 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $735.20 million.

What price target have analysts set for ORA?

4 brokers have issued 1-year price objectives for Ormat Technologies' shares. Their forecasts range from $73.00 to $85.00. On average, they expect Ormat Technologies' stock price to reach $77.25 in the next year. This suggests that the stock has a possible downside of 8.6%.
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:
  • Mr. Doron Blachar, Chief Exec. Officer (Age 54, Pay $905.76k)
  • Mr. Shlomi Argas, Pres and Head of Operations & Products (Age 57, Pay $542.4k) (LinkedIn Profile)
  • Mr. Assaf Ginzburg, Chief Financial Officer (Age 47, Pay $569.95k)
  • Ms. Smadar Lavi, VP, Head of Investor Relations & ESG Planning and Reporting
  • Ms. Jessica Woelfel, Gen. Counsel & Chief Compliance Officer (Age 45)
  • Ms. Liza Tavori, Sr. VP of HR
  • Ms. Etty Rosner, Sr. VP of Contract Management (Age 66)
  • Mr. Shimon Hatzir, Exec. VP of Electricity Segment (Age 60) (LinkedIn Profile)
  • Mr. Bob Sullivan, Exec. VP of Bus. Devel. (Age 59)
  • Mr. Ofer Benyosef, Exec. VP of Energy Storage & Bus. Devel. (Age 58)
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.

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).

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (8.29%), Vanguard Group Inc. (7.37%), Clal Insurance Enterprises Holdings Ltd (4.29%), Global Alpha Capital Management Ltd. (3.76%), Dimensional Fund Advisors LP (2.50%) and State Street Corp (2.06%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Dafna Sharir, Dan Falk, Ofer Benyosef, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger.
View institutional ownership trends for Ormat Technologies
.

Which institutional investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Vanguard Group Inc., First Trust Advisors LP, Van Berkom & Associates Inc., Dimensional Fund Advisors LP, Global Alpha Capital Management Ltd., Handelsbanken Fonder AB, and Invesco Ltd.. Company insiders that have sold Ormat Technologies company stock in the last year include Dafna Sharir, Dan Falk, Shimon Hatzir, Shlomi Argas, and Stanley Stern.
View insider buying and selling activity for Ormat Technologies
or view top insider-selling stocks.

Which institutional investors are buying Ormat Technologies stock?

ORA stock was purchased by a variety of institutional investors in the last quarter, including Group One Trading L.P., Jane Street Group LLC, Wellington Management Group LLP, JPMorgan Chase & Co., Prudential Financial Inc., Ergoteles LLC, GSA Capital Partners LLP, and Charles Schwab Investment Management Inc.. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, 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 $84.52.

How much money does Ormat Technologies make?

Ormat Technologies has a market capitalization of $4.74 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.159990 on an earnings per share basis.

How many employees does Ormat Technologies have?

Ormat Technologies employs 1,385 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, via email at [email protected], or via fax at 775-356-9039.

This page was last updated on 5/28/2022 by MarketBeat.com Staff

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