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 (WHO). Since then, ORA shares have decreased by 6.5% and is now trading at $58.51.
View which stocks have been most impacted by Coronavirus.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Ormat Technologies.

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020.
View our earnings forecast for Ormat Technologies.

Ormat Technologies, Inc. (NYSE:ORA) posted its quarterly earnings results on Monday, May, 11th. The energy company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The energy company had revenue of $192.10 million for the quarter, compared to analysts' expectations of $186.91 million. Ormat Technologies had a return on equity of 4.95% and a net margin of 11.93%. The company's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share.
View Ormat Technologies' earnings history.

Ormat Technologies declared a quarterly dividend on Friday, May 8th. Investors of record on Thursday, May 21st will be paid a dividend of $0.11 per share on Tuesday, June 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 20th.
View Ormat Technologies' dividend history.

Ormat Technologies updated its FY 2020 Pre-Market earnings guidance on Monday, May, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710-740 million, compared to the consensus revenue estimate of $729.56 million.

4 equities research analysts have issued 12-month target prices for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' share price to reach $77.25 in the next year. This suggests a possible upside of 32.0% from the stock's current price.
View analysts' price targets for Ormat Technologies.

Headlines about ORA stock have been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by monitoring more than six thousand blog and news sources. 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 news impact score of 1.8 on InfoTrie's scale. They also assigned media coverage about the energy company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term.
View the latest news about Ormat Technologies.

Ormat Technologies saw a increase in short interest in July. As of July 15th, there was short interest totaling 4,140,000 shares, an increase of 12.5% from the June 30th total of 3,680,000 shares. Based on an average daily trading volume, of 326,000 shares, the days-to-cover ratio is currently 12.7 days. Currently, 9.0% of the company's 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).
View all competitors.

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 number of institutional and retail investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.51%), Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD (0.35%), First Trust Advisors LP (0.28%), Candriam Luxembourg S.C.A. (0.17%), Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD (0.13%) and SG Americas Securities LLC (0.12%). 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.
View institutional ownership trends for Ormat Technologies.

ORA stock was sold by a variety of institutional investors in the last quarter, including Mackay Shields LLC, Strs Ohio, UBS Group AG, 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.
View insider buying and selling activity for Ormat Technologies.

ORA stock was bought 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, Raymond James Financial Services Advisors Inc., Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD, and Hussman Strategic Advisors Inc..
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 $58.51.

Ormat Technologies has a market capitalization of $2.99 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]