Ormat Technologies Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ormat Technologies stock.
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Ormat Technologies is scheduled to release its next quarterly earnings announcement on Monday, May 10th 2021.
View our earnings forecast for Ormat Technologies.

Ormat Technologies, Inc. (NYSE:ORA) posted its quarterly earnings data on Wednesday, February, 24th. The energy company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.05. Ormat Technologies had a trailing twelve-month return on equity of 5.01% and a net margin of 10.77%.
View Ormat Technologies' earnings history.

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ORA stock has increased by 28.2% and is now trading at $80.20.
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Ormat Technologies announced a quarterly dividend on Wednesday, February 24th. Stockholders of record on Thursday, March 11th will be given a dividend of $0.12 per share on Monday, March 29th. This represents a $0.48 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date is Wednesday, March 10th. This is a positive change from Ormat Technologies's previous quarterly dividend of $0.11.
View Ormat Technologies' dividend history.

Ormat Technologies pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.54%. Ormat Technologies does not yet have a strock track record of dividend growth. The dividend payout ratio of Ormat Technologies is 30.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 29.93% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.
View Ormat Technologies' dividend history.

Ormat Technologies updated its FY 2021 After-Hours earnings guidance on Wednesday, February, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $640-675 million, compared to the consensus revenue estimate of $707.04 million.

4 Wall Street analysts have issued 12-month price targets for Ormat Technologies' stock. Their forecasts range from $94.00 to $100.00. On average, they expect Ormat Technologies' stock price to reach $96.67 in the next twelve months. This suggests a possible upside of 20.5% from the stock's current price.
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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.

Some companies that are related to Ormat Technologies include The AES (AES), NRG Energy (NRG), Atlantic Power (AT), Genie Energy (GNE) and American DG Energy (ADGE).
View all of ORA's competitors.

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), The Boeing (BA) and Cisco Systems (CSCO).

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

Ormat Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (12.66%), Van Berkom & Associates Inc. (2.68%), Global Alpha Capital Management Ltd. (2.45%), Dimensional Fund Advisors LP (2.45%), Handelsbanken Fonder AB (1.84%) and Credit Suisse AG (1.01%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ofer Benyosef, 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 Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management, Price T Rowe Associates Inc. MD, Phoenix Holdings Ltd., Van Berkom & Associates Inc., Global Alpha Capital Management Ltd., Van ECK Associates Corp, Dimensional Fund Advisors LP, and Harel Insurance Investments & Financial Services Ltd..
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ORA stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Handelsbanken Fonder AB, Norges Bank, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD, First Trust Advisors LP, Schroder Investment Management Group, Jane Street Group LLC, and Dudley & Shanley Inc.. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, Roberts Christopher, and Zvi Krieger.
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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.
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One share of ORA stock can currently be purchased for approximately $80.20.

Ormat Technologies has a market capitalization of $4.49 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 is headquartered at 6140 PLUMAS STREET, RENO NV, 89519.

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]