NYSE:ORAOrmat Technologies Stock Price, Forecast & News

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ORA shares have decreased by 4.9% and is now trading at $59.47.
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5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Ormat Technologies, Inc. (NYSE:ORA) posted its earnings results on Tuesday, August, 4th. The energy company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.07. The energy company had revenue of $174.90 million for the quarter, compared to analyst estimates of $168.63 million. Ormat Technologies had a return on equity of 5.09% and a net margin of 10.59%. Ormat Technologies's revenue for the quarter was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS.
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Ormat Technologies announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.11 per share on Tuesday, September 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Monday, August 17th.
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Ormat Technologies issued an update on its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $710-725 million, compared to the consensus revenue estimate of $720.5 million.

5 brokers have issued 12-month price objectives for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they expect Ormat Technologies' stock price to reach $77.25 in the next twelve months. This suggests a possible upside of 29.9% from the stock's current price.
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Media stories about ORA stock have trended very positive recently, InfoTrie Sentiment reports. InfoTrie rates the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ormat Technologies earned a coverage optimism score of 4.0 on InfoTrie's scale. They also assigned headlines about the energy company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Ormat Technologies.

Ormat Technologies saw a increase in short interest in the month of July. As of July 31st, there was short interest totaling 4,140,000 shares, an increase of 12.5% from the July 15th total of 3,680,000 shares. Based on an average daily volume of 326,000 shares, the days-to-cover ratio is currently 12.7 days. Approximately 9.0% of the shares of the stock are sold short.
View Ormat Technologies' Current Options Chain.

Some companies that are related to Ormat Technologies include AES (AES), NRG Energy (NRG), Genie Energy (GNE), Atlantic Power (AT) and American DG Energy (ADGE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include AT&T (T), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU), Netflix (NFLX), Xilinx (XLNX), Applied Materials (AMAT), Cisco Systems (CSCO), Home Depot (HD) and Intel (INTC).

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

Ormat Technologies' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Harel Insurance Investments & Financial Services Ltd. (0.51%), Trillium Asset Management LLC (0.35%), Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD (0.35%), Alps Advisors Inc. (0.28%), First Trust Advisors LP (0.28%) and Swiss National Bank (0.18%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
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ORA stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Strs Ohio, UBS Group AG, US Bancorp DE, Clean Yield Group, Brasada Capital Management LP, Bowling Portfolio Management LLC, and Nisa Investment Advisors LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Ravit Barniv, Shlomi Argas, and Zvi Krieger.
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ORA stock was acquired by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Harel Insurance Investments & Financial Services Ltd., SG Americas Securities LLC, First Trust Advisors LP, Duality Advisers LP, Alps Advisors Inc., Swiss National Bank, and DekaBank Deutsche Girozentrale.
View insider buying and selling activity for 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, Robinhood, Fidelity, and Charles Schwab.

One share of ORA stock can currently be purchased for approximately $59.47.

Ormat Technologies has a market capitalization of $3.04 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' 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]