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NYSE:ORA

Ormat Technologies - ORA Stock Forecast, Price & News

$97.15
+1.31 (+1.37%)
(As of 08/15/2022 12:00 AM ET)
Add
Compare
Today's Range
$95.24
$97.92
50-Day Range
$69.44
$95.84
52-Week Range
$60.32
$97.92
Volume
453,937 shs
Average Volume
534,581 shs
Market Capitalization
$5.43 billion
P/E Ratio
85.97
Dividend Yield
0.50%
Price Target
$88.25

Ormat Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
9.2% Downside
$88.25 Price Target
Short Interest
Bearish
9.92% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
+2.08
Upright™ Environmental Score
News Sentiment
0.28mentions of Ormat Technologies in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$3.34 M Sold Last Quarter
Proj. Earnings Growth
54.69%
From $1.28 to $1.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars

Oils/Energy Sector

152nd out of 261 stocks

Electric Services Industry

22nd out of 42 stocks

ORA stock logo

About Ormat Technologies (NYSE:ORA) Stock

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.

Ormat Technologies Trading Up 3.1 %

Shares of ORA opened at $95.84 on Monday. Ormat Technologies has a 52-week low of $60.32 and a 52-week high of $95.95. The company has a quick ratio of 1.57, a current ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm's fifty day moving average is $80.63 and its two-hundred day moving average is $77.80. The stock has a market cap of $5.36 billion, a PE ratio of 84.81, a price-to-earnings-growth ratio of 6.79 and a beta of 0.51.

Ormat Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.48 annualized dividend and a yield of 0.50%. Ormat Technologies's dividend payout ratio (DPR) is currently 42.48%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ORA. Oppenheimer upped their price target on shares of Ormat Technologies from $85.00 to $97.00 and gave the stock an "outperform" rating in a research report on Monday, August 8th. Cowen increased their price objective on shares of Ormat Technologies to $84.00 in a research report on Tuesday, August 9th. StockNews.com upgraded shares of Ormat Technologies from a "sell" rating to a "hold" rating in a research report on Thursday, August 4th. Finally, JPMorgan Chase & Co. raised their price target on shares of Ormat Technologies from $90.00 to $97.00 and gave the stock a "neutral" rating in a research note on Monday, August 8th. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $88.25.

Insider Activity at Ormat Technologies

In related news, Director Dan Falk sold 1,667 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $83.96, for a total transaction of $139,961.32. Following the completion of the sale, the director now directly owns 2,014 shares of the company's stock, valued at $169,095.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Dan Falk sold 1,667 shares of the stock in a transaction on Friday, May 27th. The stock was sold at an average price of $83.96, for a total transaction of $139,961.32. Following the sale, the director now owns 2,014 shares of the company's stock, valued at $169,095.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Isaac Angel sold 19,000 shares of the stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $83.90, for a total value of $1,594,100.00. Following the sale, the director now directly owns 39,615 shares in the company, valued at approximately $3,323,698.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 40,161 shares of company stock worth $3,338,965. Company insiders own 1.30% of the company's stock.

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ORA Stock News Headlines

27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Ormat Technologies (NYSE:ORA) PT Raised to $97.00 at Oppenheimer
Ormat Technologies (NYSE:ORA) PT Raised to $97.00
27 U.S. Cities Where Stocks Yield 26% a Year
What’s the highest-yielding stock you’ve ever owned? The dividends for these stocks have risen so fast over the years that they’re now yielding us an average of 26%! When you start getting paid 26% on your money, your financial problems tend to pretty much evaporate. pixel
Ormat Technologies Becomes Oversold (ORA)
See More Headlines
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ORA Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 5/31 Dividend
5/13/2022
Dividend Payable
5/31/2022
Today
8/15/2022
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

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

Price Target and Rating

Average Stock Price Forecast
$88.25
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
-9.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$62.09 million
Pretax Margin
17.00%

Debt

Sales & Book Value

Annual Sales
$663.08 million
Cash Flow
$4.73 per share
Book Value
$35.69 per share

Miscellaneous

Free Float
55,207,000
Market Cap
$5.43 billion
Optionable
Optionable
Beta
0.51














ORA Stock - Frequently Asked Questions

Should I buy or sell Ormat Technologies stock right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ORA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORA, but not buy additional shares or sell existing shares.
View ORA analyst ratings
or view top-rated stocks.

What is Ormat Technologies' stock price forecast for 2022?

3 Wall Street research analysts have issued 1 year target prices for Ormat Technologies' stock. Their ORA share price forecasts range from $75.00 to $97.00. On average, they expect the company's stock price to reach $88.25 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
View analysts price targets for ORA
or view top-rated stocks among Wall Street analysts.

How have ORA shares performed in 2022?

Ormat Technologies' stock was trading at $79.30 at the beginning of the year. Since then, ORA stock has increased by 22.5% and is now trading at $97.15.
View the best growth stocks for 2022 here
.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,790,000 shares, an increase of 23.5% from the June 30th total of 4,690,000 shares. Based on an average trading volume of 656,400 shares, the days-to-cover ratio is presently 8.8 days. Approximately 10.4% of the shares of the company are sold short.
View Ormat Technologies' Short Interest
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ORA earnings forecast
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) posted its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The energy company earned $158.84 million during the quarter, compared to analysts' expectations of $161.49 million. Ormat Technologies had a net margin of 9.04% and a trailing twelve-month return on equity of 3.65%. During the same quarter in the prior year, the business posted $0.31 EPS.

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

Ormat Technologies declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Wednesday, August 17th will be paid a dividend of $0.12 per share on Wednesday, August 31st. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, August 16th.
Read our dividend analysis for ORA
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.50%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 24.24% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORA.

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

Ormat Technologies issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided 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 $720.54 million.

What is Doron Blachar's approval rating as Ormat Technologies' CEO?

1 employees have rated Ormat Technologies Chief Executive Officer Doron Blachar on Glassdoor.com. Doron Blachar has an approval rating of 100% among the company's 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 variety of institutional and retail investors. Top institutional investors include Global Alpha Capital Management Ltd. (3.88%), Clal Insurance Enterprises Holdings Ltd (3.79%), Millennium Management LLC (1.39%), Van Berkom & Associates Inc. (1.35%), Meitav Dash Investments Ltd. (1.35%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, Doron Blachar, Isaac Angel, Lowe Brian, Ofer Benyosef, Ravit Barniv, Roberts Christopher, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger.
View institutional ownership trends
.

How do I buy shares of Ormat Technologies?

Shares of ORA stock 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 $97.15.

How much money does Ormat Technologies make?

Ormat Technologies (NYSE:ORA) has a market capitalization of $5.43 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.13 on an earnings per share basis.

How many employees does Ormat Technologies have?

The company employs 1,385 workers across the globe.

How can I contact Ormat Technologies?

Ormat Technologies' mailing address is 6140 PLUMAS STREET, RENO NV, 89519. The official website for the company is www.ormat.com. The energy company can be reached via phone at (775) 356-9029, via email at rob@haydenir.com, or via fax at 775-356-9039.

This page (NYSE:ORA) was last updated on 8/15/2022 by MarketBeat.com Staff

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