NYSE:ORAOrmat Technologies Stock Price, Forecast & News

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. Since then, ORA stock has decreased by 4.9% and is now trading at $59.47.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Tuesday, August, 4th. The energy company reported $0.45 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.07. The energy company earned $174.90 million during 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 5.09%. The firm's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 earnings per share.
View Ormat Technologies' earnings history.

Ormat Technologies declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be given 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 of this dividend is Monday, August 17th.
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Ormat Technologies updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710-725 million, compared to the consensus revenue estimate of $720.5 million.

5 analysts have issued twelve-month target prices for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' share price to reach $77.25 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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News coverage about ORA stock has trended negative on Saturday, according to InfoTrie. The research group identifies positive and negative news coverage by analyzing 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 news sentiment score of -2.5 on InfoTrie's scale. They also gave press coverage about the energy company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days.
View the latest news about Ormat Technologies.

Ormat Technologies saw a increase in short interest in July. As of July 31st, there was short interest totaling 4,140,000 shares, an increase of 12.5% from the July 15th total of 3,680,000 shares. Based on an average daily trading volume, of 326,000 shares, the days-to-cover ratio is currently 12.7 days. Approximately 9.0% of the company's stock are short sold.
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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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include AT&T (T), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU), Netflix (NFLX), Xilinx (XLNX), Applied Materials (AMAT), Cisco Systems (CSCO), Home Depot (HD) and Intel (INTC).

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

Ormat Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.51%), Trillium Asset Management LLC (0.35%), Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD (0.35%), Alps Advisors Inc. (0.28%), First Trust Advisors LP (0.28%) and Swiss National Bank (0.18%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
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ORA stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Strs Ohio, UBS Group AG, US Bancorp DE, Clean Yield Group, Brasada Capital Management LP, Bowling Portfolio Management LLC, and Nisa Investment Advisors LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Ravit Barniv, Shlomi Argas, and Zvi Krieger.
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ORA stock was bought by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Harel Insurance Investments & Financial Services Ltd., SG Americas Securities LLC, First Trust Advisors LP, Duality Advisers LP, Alps Advisors Inc., Swiss National Bank, and DekaBank Deutsche Girozentrale.
View insider buying and selling activity 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 $59.47.

Ormat Technologies has a market capitalization of $3.04 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.

The official website for Ormat Technologies is 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]