NYSE:ORAOrmat Technologies Stock Price, Forecast & News

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ORA stock has increased by 1.6% and is now trading at $63.55. 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 4 hold ratings 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 Wednesday, August 5th 2020. View our earnings forecast for Ormat Technologies.

Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Monday, May, 11th. The energy company reported $0.51 earnings per share (EPS) 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 analyst estimates of $186.91 million. Ormat Technologies had a net margin of 11.93% and a return on equity of 4.95%. The business's quarterly revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. View Ormat Technologies' earnings history.

Ormat Technologies announced a quarterly dividend on Friday, May 8th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.11 per share on Tuesday, June 2nd. This represents a $0.44 annualized dividend and a yield of 0.69%. The ex-dividend date is Wednesday, May 20th. View Ormat Technologies' dividend history.

Ormat Technologies issued an update on its FY 2020 Pre-Market earnings guidance on Monday, May, 11th. The company provided earnings per share 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 brokerages have issued 1-year price targets for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' stock price to reach $77.25 in the next twelve months. This suggests a possible upside of 21.6% from the stock's current price. View analysts' price targets for Ormat Technologies.

Media coverage about ORA stock has been trending somewhat negative on Friday, InfoTrie reports. The research firm identifies negative and positive press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ormat Technologies earned a news impact score of -1.3 on InfoTrie's scale. They also assigned media headlines about the energy company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news about Ormat Technologies.

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."

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 $63.55.

Ormat Technologies has a market capitalization of $3.24 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]