NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$106.39

+2.05 (+1.96 %)

(As of 01/21/2021 12:00 AM ET)

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Today's Range

$103.49

Now: $106.39▼

$106.95

50-Day Range

$75.37

MA: $91.99▼

$115.43

52-Week Range

$53.44

Now: $106.39▼

$117.93

Volume759,134 shs

Average Volume836,459 shs

Market Capitalization$5.94 billion

P/E Ratio70.46

Dividend Yield0.42%

Beta0.49

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, Honduras, and internationally. The company operates through three segments: Electricity, Product, and Energy Storage and Management Services. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic (PV), 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. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal, solar PV, 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 and Management Services segment offers energy storage, demand response, and energy management 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.

MarketRank^™

Overall MarketRank^™

1.37 out of 5 stars

Oils/Energy Sector

165th out of 669 stocks

Electric Services Industry

36th out of 78 stocks

1.3 Analyst's Opinion

Consensus Rating
Ormat Technologies has received a consensus rating of Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $95.00, Ormat Technologies has a forecasted downside of 10.7% from its current price of $106.39.
Amount of Analyst Coverage
Ormat Technologies has only been the subject of 2 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Ormat Technologies has received 281 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ormat Technologies has received 355 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ormat Technologies has received 55.82% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ormat Technologies and other stocks. Vote “Outperform” if you believe ORA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ORA will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.7 Dividend Strength

Dividend Yield
Ormat Technologies has a dividend yield of 0.42%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Ormat Technologies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ormat Technologies is 30.14%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
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.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ormat Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.80% of the stock of Ormat Technologies is held by insiders.
Percentage Held by Institutions
77.41% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Ormat Technologies are expected to decrease by -8.70% in the coming year, from $1.61 to $1.47 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ormat Technologies is 70.46, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.61.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ormat Technologies is 70.46, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 28.13.
Price to Earnings Growth Ratio
Ormat Technologies has a PEG Ratio of 6.68. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ormat Technologies has a P/B Ratio of 3.58. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryIndependent Power Producers & Energy Traders

SectorOils/Energy

Current SymbolNYSE:ORA

Previous Symbol

CUSIP68668810

CIK1296445

Webwww.ormat.com

Phone775-356-9029

Employees1,408

Debt

Debt-to-Equity Ratio0.88

Current Ratio2.25

Quick Ratio2.11

Price-To-Earnings

Trailing P/E Ratio70.46

Forward P/E Ratio66.08

P/E Growth6.68

Sales & Book Value

Annual Sales$746.04 million

Price / Sales7.96

Cash Flow$4.17 per share

Price / Cash Flow25.50

Book Value$29.72 per share

Price / Book3.58

Profitability

EPS (Most Recent Fiscal Year)$1.46

Net Income$88.10 million

Net Margins10.77%

Return on Equity5.01%

Return on Assets2.27%

Miscellaneous

Outstanding Shares55,841,000

Market Cap$5.94 billion

Next Earnings Date2/23/2021 (Estimated)

OptionableOptionable

$106.39

+2.05 (+1.96 %)

(As of 01/21/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

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

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ORA stock has increased by 70.1% and is now trading at $106.39.
View which stocks have been most impacted by COVID-19.

Is Ormat Technologies a buy right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Ormat Technologies stock.
View analyst ratings for Ormat Technologies or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Ormat Technologies?

Wall Street analysts have given Ormat Technologies a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Ormat Technologies wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as Ormat Technologies' CEO?

6,978 employees have rated Ormat Technologies CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among Ormat Technologies' employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, February 23rd 2021.
View our earnings forecast for Ormat Technologies.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings results on Tuesday, November, 3rd. The energy company reported $0.31 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.24 by $0.07. The energy company had revenue of $158.90 million for the quarter, compared to the consensus estimate of $162.47 million. Ormat Technologies had a net margin of 10.77% and a return on equity of 5.01%. The business's quarterly revenue was down 6.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 EPS.
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 Tuesday, November 3rd. Shareholders of record on Wednesday, November 18th will be given a dividend of $0.11 per share on Wednesday, December 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, November 17th.
View Ormat Technologies' dividend history.

Is Ormat Technologies a good dividend stock?

Ormat Technologies pays an annual dividend of $0.44 per share and currently has a dividend yield of 0.42%. 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.

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

Ormat Technologies issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, November, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $707-717 million, compared to the consensus revenue estimate of $715.73 million.

What price target have analysts set for ORA?

3 brokerages have issued twelve-month price objectives for Ormat Technologies' shares. Their forecasts range from $94.00 to $96.00. On average, they expect Ormat Technologies' stock price to reach $95.00 in the next twelve months. This suggests that the stock has a possible downside of 10.7%.
View analysts' price targets for Ormat Technologies or view Wall Street analyst' top-rated stocks.

Who are some of Ormat Technologies' key competitors?

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.

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

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following people:

Mr. Isaac Angel, Exec. Chairman (Age 64, Pay $1.66M)
Mr. Doron Blachar, Pres & CEO (Age 52, Pay $747.02k)
Mr. Shlomi Argas, Exec. VP of Operations & Products (Age 55, Pay $595.3k)
Mr. Hezi Kattan, Gen. Counsel & Chief Compliance Officer (Age 45, Pay $498.95k)
Mr. Zvi Krieger, Exec. VP of Electricity Segment (Age 64, Pay $546.33k)
Mr. Assaf Ginzburg, Chief Financial Officer (Age 45)
Ms. Smadar Lavi, VP Corp. Fin. & Head of Investor Relations
Mr. Ofer Benyosef, Exec. VP of Bus. Devel., Sales & Marketing (Age 56)
Ms. Liat Inbar-Arad, Sr. VP of HR (Age 54)
Mr. Bob Sullivan, Exec. VP of Bus. Devel. (Age 57)

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 Dudley & Shanley Inc. (0.60%), Mission Wealth Management LP (0.01%), Harrington Investments INC (0.01%) and Boston Trust Walden Corp (0.01%). 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.

Which major investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Harrington Investments INC.
View insider buying and selling activity for Ormat Technologies or view top insider-selling stocks.

Which major investors are buying Ormat Technologies stock?

ORA stock was bought by a variety of institutional investors in the last quarter, including Dudley & Shanley Inc., Mission Wealth Management LP, and Boston Trust Walden Corp. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, Roberts Christopher, 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.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $106.39.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $5.94 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.

What is Ormat Technologies' official website?

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

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 or via email at [email protected]

This page was last updated on 1/22/2021 by MarketBeat.com Staff

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