NYSE:ORA - Ormat Technologies Stock Price, News, & Analysis

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$59.16 +0.21 (+0.36 %)
(As of 05/24/2019 03:21 PM ET)
Previous Close$58.95
Today's Range$58.95 - $59.36
52-Week Range$45.79 - $61.60
Volume1,456 shs
Average Volume161,961 shs
Market Capitalization$3.00 billion
P/E Ratio28.41
Dividend Yield0.74%
Beta1.27
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. The company operates through three segments: Electricity, Product, and Other. The Electricity segment develops, builds, owns, and operates geothermal 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 photovoltaic, 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 Other segment offers energy storage, demand response, and energy management related services. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

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Industry, Sector and Symbol

Industry Electric services
Sub-IndustryIndependent Power Producers & Energy Traders
SectorOils/Energy
CUSIP68668810
Phone775-356-9029

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$719.27 million
Cash Flow$4.6039 per share
Book Value$28.83 per share

Profitability

Net Income$97.97 million

Miscellaneous

Employees1,346
Market Cap$3.00 billion
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

Ormat Technologies (NYSE:ORA) Frequently Asked Questions

What is Ormat Technologies' stock symbol?

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

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

Ormat Technologies declared a quarterly dividend on Tuesday, May 7th. Shareholders of record on Monday, May 20th will be paid a dividend of $0.11 per share on Tuesday, May 28th. This represents a $0.44 annualized dividend and a yield of 0.74%. The ex-dividend date is Friday, May 17th. View Ormat Technologies' Dividend History.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) posted its earnings results on Monday, May, 6th. The energy company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.01. The energy company had revenue of $199.04 million for the quarter, compared to the consensus estimate of $183.62 million. Ormat Technologies had a net margin of 7.41% and a return on equity of 5.86%. The firm's revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 earnings per share. View Ormat Technologies' Earnings History.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Ormat Technologies.

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

Ormat Technologies updated its FY 2019 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $720-742 million, compared to the consensus revenue estimate of $729.12 million.

What price target have analysts set for ORA?

2 Wall Street analysts have issued 12 month price objectives for Ormat Technologies' shares. Their forecasts range from $60.00 to $72.00. On average, they anticipate Ormat Technologies' stock price to reach $66.00 in the next twelve months. This suggests a possible upside of 11.6% from the stock's current price. View Analyst Price Targets for Ormat Technologies.

What is the consensus analysts' recommendation for Ormat Technologies?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ormat Technologies.

Has Ormat Technologies been receiving favorable news coverage?

Media coverage about ORA stock has trended negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative press coverage by reviewing more than six thousand news and blog 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 impact score of -2.9 on InfoTrie's scale. They also assigned headlines about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company's share price in the near future.

Who are some of Ormat Technologies' key 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 Netflix (NFLX), NVIDIA (Nvda), Adobe (ADBE), Corning (GLW), Cisco Systems (CSCO), salesforce.com (CRM), Intel (Intc), Visa (V), Micron Technology (MU) and Alibaba Group (BABA).

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the folowing people:
  • Mr. Isaac Angel, Chief Exec. Officer (Age 63)
  • Mr. Doron Blachar, Chief Financial Officer (Age 51)
  • Mr. Shlomi Argas, Exec. VP of Products Segment & Operations (Age 54)
  • Mr. Bob Sullivan, Exec. VP of Bus. Devel., Sales & Marketing (Age 56)
  • Mr. Zvi Krieger, Exec. VP of Electricity Segment (Age 63)

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.48%), Clal Insurance Enterprises Holdings Ltd (4.65%), Dimensional Fund Advisors LP (3.08%), Global Alpha Capital Management Ltd. (2.33%), Migdal Insurance & Financial Holdings Ltd. (2.12%) and Renaissance Technologies LLC (1.82%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Bronicki Investments Ltd, Dafna Sharir, David Granot, Doron Blachar, Erez Klein, Etty Rosner, Gillon Beck, Isaac Angel, Iv 2007 Ltd Fimi, Nir Wolf, Robert Eugene Joyal, Shimon Hatzir, 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 Renaissance Technologies LLC, Clal Insurance Enterprises Holdings Ltd, Morgan Stanley, Meitav Dash Investments Ltd., Handelsbanken Fonder AB, New Amsterdam Partners LLC NY, Mirova and Penn Capital Management Co. Inc.. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Dafna Sharir, David Granot and Erez Klein. View Insider Buying and Selling for Ormat Technologies.

Which major investors are buying Ormat Technologies stock?

ORA stock was acquired by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Global Alpha Capital Management Ltd., Goldman Sachs Group Inc., Jane Street Group LLC, Altshuler Shaham Ltd, Geode Capital Management LLC, SG Americas Securities LLC and Dimensional Fund Advisors LP. View Insider Buying and Selling for Ormat Technologies.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $59.16.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $3.00 billion and generates $719.27 million in revenue each year. The energy company earns $97.97 million in net income (profit) each year or $2.08 on an earnings per share basis. Ormat Technologies employs 1,346 workers across the globe.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is http://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]


MarketBeat Community Rating for Ormat Technologies (NYSE ORA)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  217 (Vote Outperform)
Underperform Votes:  283 (Vote Underperform)
Total Votes:  500
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.
This page was last updated on 5/24/2019 by MarketBeat.com Staff

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