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NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$76.53
-3.87 (-4.81%)
(As of 11/26/2021 12:00 AM ET)
Add
Compare
Today's Range
$75.88
$79.34
50-Day Range
$66.06
$81.93
52-Week Range
$63.71
$128.87
Volume
204,136 shs
Average Volume
543,073 shs
Market Capitalization
$4.29 billion
P/E Ratio
66.55
Dividend Yield
0.60%
Beta
0.37
30 days | 90 days | 365 days | Advanced Chart
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Ormat Technologies logo

About Ormat Technologies

Ormat Technologies, Inc. operates as a holding company. The firm engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses in the sale of electricity from the company's power plants pursuant to PPAs. The Product segment involves in the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.

Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,402
Year Founded
N/A

Sales & Book Value

Annual Sales
$705.34 million
Cash Flow
$4.06 per share
Book Value
$35.22 per share

Profitability

Net Income
$85.46 million
Pretax Margin
16.32%

Debt

Price-To-Earnings

Miscellaneous

Free Float
55,385,000
Market Cap
$4.29 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend
11/16/2021
Today
11/26/2021
Dividend Payable
12/03/2021
Fiscal Year End
12/31/2021
Next Earnings (Estimated)
2/23/2022

MarketRank

Overall MarketRank

2.37 out of 5 stars

Oils/Energy Sector

118th out of 355 stocks

Electric Services Industry

24th out of 56 stocks

Analyst Opinion: 2.3Community Rank: 4.1Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Ormat Technologies (NYSE:ORA) Frequently Asked Questions

Is Ormat Technologies a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings and 3 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.

How has Ormat Technologies' stock price been impacted by COVID-19 (Coronavirus)?

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ORA stock has increased by 22.4% and is now trading at $76.53.
View which stocks have been most impacted by COVID-19
.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) issued its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.31 by $0.01. The energy company earned $158.84 million during the quarter, compared to analyst estimates of $161.49 million. Ormat Technologies had a net margin of 9.81% and a trailing twelve-month return on equity of 3.86%. During the same quarter in the previous year, the business posted $0.31 earnings per share.
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 Wednesday, November 3rd. Stockholders of record on Wednesday, November 17th will be paid a dividend of $0.12 per share on Friday, December 3rd. This represents a $0.48 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend is Tuesday, November 16th.
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 0.60%. Ormat Technologies does not yet have a strong track record of dividend growth. The dividend payout ratio of Ormat Technologies is 41.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 31.58% 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 updated its FY 2021 earnings guidance on Wednesday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $652 million-$675 million, compared to the consensus revenue estimate of $660.38 million.

What price target have analysts set for ORA?

5 equities research analysts have issued 1-year price targets for Ormat Technologies' stock. Their forecasts range from $72.00 to $100.00. On average, they expect Ormat Technologies' share price to reach $86.60 in the next year. This suggests a possible upside of 13.2% from the stock's current price.
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:
  • Doron Blachar, Chief Executive Officer
  • Shlomi Argas, President
  • Assi Ginzburg, Chief Financial Officer
  • Etty Rosner, Secretary & Senior Vice President
  • Bob Sullivan, Executive Vice President-Business Development

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 shareholders include BlackRock Inc. (8.46%), Impax Asset Management Group plc (5.46%), Dimensional Fund Advisors LP (2.64%), Goldman Sachs Group Inc. (1.92%), Schroder Investment Management Group (1.80%) and Neuberger Berman Group LLC (1.68%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Dafna Sharir, Dan Falk, Ofer Benyosef, Shlomi Argas 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 BlackRock Inc., Invesco Ltd., Psagot Value Holdings Ltd., Morgan Stanley, Millennium Management LLC, Citadel Advisors LLC, Credit Suisse AG, and Jane Street Group LLC.
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 Impax Asset Management Group plc, Meitav Dash Investments Ltd., Neuberger Berman Group LLC, Phoenix Holdings Ltd., Schroder Investment Management Group, Goldman Sachs Group Inc., American Century Companies Inc., and Wellington Management Group LLP. 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 $76.53.

How much money does Ormat Technologies make?

Ormat Technologies has a market capitalization of $4.29 billion and generates $705.34 million in revenue each year. The energy company earns $85.46 million in net income (profit) each year or $1.15 on an earnings per share basis.

How many employees does Ormat Technologies have?

Ormat Technologies employs 1,402 workers across the globe.

What is Ormat Technologies' official website?

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

Where are Ormat Technologies' headquarters?

Ormat Technologies is headquartered at 6140 PLUMAS STREET, RENO NV, 89519.

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 11/26/2021 by MarketBeat.com Staff

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