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

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$57.36 -0.20 (-0.35 %)
(As of 02/21/2019 04:00 PM ET)
Previous Close$57.56
Today's Range$56.77 - $57.45
52-Week Range$45.79 - $63.98
Volume137,614 shs
Average Volume123,206 shs
Market Capitalization$2.91 billion
P/E Ratio19.18
Dividend Yield0.69%
Beta1.34
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The company operates through Electricity and Product segments. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. This segment also offers energy storage, demand response, and energy management related services. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, 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 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. 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$692.81 million
Cash Flow$5.2098 per share
Book Value$25.61 per share

Profitability

Net Income$132.41 million

Miscellaneous

Employees1,303
Market Cap$2.91 billion
Next Earnings Date2/26/2019 (Confirmed)
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, November 6th. Stockholders of record on Tuesday, November 20th will be given a dividend of $0.10 per share on Tuesday, December 4th. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date of this dividend is Monday, November 19th. View Ormat Technologies' Dividend History.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings results on Tuesday, August, 7th. The energy company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.49 by $0.17. The energy company had revenue of $178.30 million for the quarter, compared to analysts' expectations of $176.06 million. Ormat Technologies had a net margin of 17.39% and a return on equity of 8.86%. 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, February 26th 2019. View Earnings Estimates for Ormat Technologies.

How can I listen to Ormat Technologies' earnings call?

Ormat Technologies will be holding an earnings conference call on Wednesday, February 27th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8556699657.

What price target have analysts set for ORA?

6 brokerages have issued 12 month price objectives for Ormat Technologies' stock. Their forecasts range from $60.00 to $72.00. On average, they anticipate Ormat Technologies' share price to reach $66.50 in the next year. This suggests a possible upside of 15.9% from the stock's current price. View Analyst Price Targets for Ormat Technologies.

What is the consensus analysts' recommendation for Ormat Technologies?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ormat Technologies.

Has Ormat Technologies been receiving favorable news coverage?

News headlines about ORA stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ormat Technologies earned a coverage optimism score of 0.6 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days.

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), Caterpillar (CAT), Micron Technology (MU), Cisco Systems (CSCO), NVIDIA (NVDA), salesforce.com (CRM), Adobe (ADBE), Visa (V), Intel (INTC) and Alibaba Group (BABA).

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the folowing people:
  • 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 (Age 56)
  • Mr. Zvi Krieger, Exec. VP of Electricity Segment (Age 63)
  • Mr. Isaac Angel, Chief Exec. Officer (Age 63)

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.43%), Impax Asset Management Group plc (3.46%), Dimensional Fund Advisors LP (3.03%), Global Alpha Capital Management Ltd. (1.83%), Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management (1.27%) and Northern Trust Corp (1.11%). 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, Robert F Clarke, Shimon Hatzir, Shlomi Argas and Zvi Krieger. View Institutional Ownership Trends for Ormat Technologies.

Which institutional investors are selling Ormat Technologies stock?

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, Jane Street Group LLC, Van ECK Associates Corp, Triodos Investment Management BV, Barclays PLC, MetLife Investment Advisors LLC, New Amsterdam Partners LLC NY and Somerville Kurt F. 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 institutional investors are buying Ormat Technologies stock?

ORA stock was acquired by a variety of institutional investors in the last quarter, including Global Alpha Capital Management Ltd., BlackRock Inc., Harel Insurance Investments & Financial Services Ltd., LGT Capital Partners LTD., Impax Asset Management Group plc, First Trust Advisors LP, Bank of New York Mellon Corp and SG Americas Securities LLC. 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 $57.36.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $2.91 billion and generates $692.81 million in revenue each year. The energy company earns $132.41 million in net income (profit) each year or $2.99 on an earnings per share basis. Ormat Technologies employs 1,303 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:  2.1 out of 5 (star star)
Outperform Votes:  205 (Vote Outperform)
Underperform Votes:  272 (Vote Underperform)
Total Votes:  477
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 2/21/2019 by MarketBeat.com Staff

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