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 declared a quarterly dividend on Wednesday, November 6th. Shareholders of record on Wednesday, November 20th will be given 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 0.55%. The ex-dividend date of this dividend is Tuesday, November 19th. View Ormat Technologies' Dividend History.

Ormat Technologies, Inc. (NYSE:ORA) issued its earnings results on Wednesday, November, 6th. The energy company reported $0.30 EPS for the quarter, missing the Thomson Reuters' 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 revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the business posted $0.31 EPS. 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.

Ormat Technologies issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, February, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720-740 million, compared to the consensus revenue estimate of $789.64 million.

4 brokerages have issued 1-year price targets for Ormat Technologies' stock. Their forecasts range from $60.00 to $78.00. On average, they expect Ormat Technologies' stock price to reach $71.75 in the next year. This suggests that the stock has a possible downside of 10.2%. 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.

Headlines about ORA stock have trended very negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ormat Technologies earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave media coverage about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for Ormat Technologies.

Ormat Technologies saw a increase in short interest in January. As of January 31st, there was short interest totalling 603,500 shares, an increase of 16.2% from the January 15th total of 519,500 shares. Based on an average daily trading volume, of 154,400 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.3% of the company's shares are short sold. 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 AT&T (T), Cisco Systems (CSCO), Applied Materials (AMAT), Netflix (NFLX), Micron Technology (MU), NVIDIA (NVDA), QUALCOMM (QCOM), Xilinx (XLNX), AbbVie (ABBV) and Corning (GLW).

Ormat Technologies' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Global Alpha Capital Management Ltd. (2.05%), State Street Corp (1.65%), Renaissance Technologies LLC (1.48%), Geode Capital Management LLC (1.19%), Phoenix Holdings Ltd. (0.98%) and Van ECK Associates Corp (0.97%). 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 Phoenix Holdings Ltd., Handelsbanken Fonder AB, Global Alpha Capital Management Ltd., Renaissance Technologies LLC, Bank of New York Mellon Corp, Man Group plc, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management and Russell Investments Group Ltd.. 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 bought by a variety of institutional investors in the last quarter, including Harel Insurance Investments & Financial Services Ltd., Goldman Sachs Group Inc., First Trust Advisors LP, Van ECK Associates Corp, Bank of Montreal Can, Jane Street Group LLC, Mackay Shields LLC and AXA. 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 $79.88.

Ormat Technologies has a market capitalization of $4.07 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]