NYSE:ORAOrmat Technologies Stock Price, Forecast & News

$69.41

-1.37 (-1.94 %)

(As of 06/2/2020 02:23 PM ET)

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Today's Range

$69.41

Now: $69.41▼

$71.04

50-Day Range

$57.81

MA: $64.33▼

$72.81

52-Week Range

$55.22

Now: $69.41▼

$87.07

Volume8,238 shs

Average Volume316,788 shs

Market Capitalization$3.54 billion

P/E Ratio40.59

Dividend Yield0.60%

Beta0.68

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.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Ormat Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $77.25, Ormat Technologies has a potential upside of 11.3% from its current price of $69.41.
Amount of Analyst Coverage
Ormat Technologies has only been the subject of 1 research reports in the past 90 days.

2.2 Community Rank

Outperform Votes
Ormat Technologies has received 278 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ormat Technologies has received 346 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ormat Technologies has received 55.45% “underperform” votes from our community.

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.

3.3 Dividend Strength

Dividend Leadership
Ormat Technologies is a leading dividend payer. It pays a dividend yield of 0.60%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ormat Technologies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ormat Technologies is 30.14 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 20.00 % next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ormat Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.63% of the stock of Ormat Technologies is held by insiders.
Percentage Held by Institutions
71.61% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ormat Technologies are expected to grow by 25.00% in the coming year, from $1.76 to $2.20 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ormat Technologies is 40.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ormat Technologies is 40.59, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 9.76.
Price to Earnings Growth Ratio
Ormat Technologies has a PEG Ratio of 3.75. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ormat Technologies has a P/B Ratio of 2.34. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.96 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryIndependent Power Producers & Energy Traders

SectorOils/Energy

Current SymbolNYSE:ORA

Previous Symbol

CUSIP68668810

CIK1296445

Webwww.ormat.com

Phone775-356-9029

Debt

Debt-to-Equity Ratio0.67

Current Ratio1.03

Quick Ratio0.97

Price-To-Earnings

Trailing P/E Ratio40.59

Forward P/E Ratio39.44

P/E Growth3.75

Sales & Book Value

Annual Sales$746.04 million

Price / Sales4.75

Cash Flow$4.13 per share

Price / Cash Flow16.81

Book Value$29.72 per share

Price / Book2.34

Profitability

EPS (Most Recent Fiscal Year)$1.46

Net Income$88.10 million

Net Margins11.93%

Return on Equity4.95%

Return on Assets2.28%

Miscellaneous

Employees1,408

Outstanding Shares51,040,000

Market Cap$3.54 billion

Next Earnings Date8/5/2020 (Estimated)

OptionableOptionable

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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

How has Ormat Technologies' stock been impacted by COVID-19 (Coronavirus)?

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 stock has increased by 11.0% and is now trading at $69.41. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ormat Technologies?

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.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Ormat Technologies.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings data on Monday, May, 11th. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.50 by $0.01. The energy company earned $192.10 million during the quarter, compared to analyst estimates of $186.91 million. Ormat Technologies had a return on equity of 4.95% and a net margin of 11.93%. The firm's revenue 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.

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

Ormat Technologies declared a quarterly dividend on Friday, May 8th. Shareholders 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 dividend yield of 0.63%. The ex-dividend date is Wednesday, May 20th. View Ormat Technologies' dividend history.

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

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.

What price target have analysts set for ORA?

4 brokers have issued 12-month target prices for Ormat Technologies' shares. Their forecasts range from $73.00 to $82.00. On average, they expect Ormat Technologies' share price to reach $77.25 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View analysts' price targets for Ormat Technologies.

Has Ormat Technologies been receiving favorable news coverage?

News headlines about ORA stock have been trending positive recently, according to InfoTrie Sentiment. The research firm rates the sentiment of media 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 positive five, with scores closest to five being the most favorable. Ormat Technologies earned a news sentiment score of 2.6 on InfoTrie's scale. They also gave press coverage 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 stock's share price in the immediate future. View the latest news aboutOrmat Technologies.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest in May. As of May 15th, there was short interest totaling 2,590,000 shares, an increase of 21.0% from the April 30th total of 2,140,000 shares. Based on an average trading volume of 335,900 shares, the days-to-cover ratio is currently 7.7 days. Currently, 5.6% of the company's shares are sold short. View Ormat Technologies' Current Options Chain.

Who are some of Ormat Technologies' key competitors?

Some companies that are related to Ormat Technologies include NRG Energy (NRG), AES (AES), Genie Energy (GNE), Atlantic Power (AT) and American DG Energy (ADGE). View all 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 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).

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following 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)

What is Ormat Technologies' stock symbol?

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

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.73%), Impax Asset Management Group plc (2.95%), State Street Corp (1.75%), Van Berkom & Associates Inc. (1.72%), Global Alpha Capital Management Ltd. (1.66%) and Geode Capital Management LLC (1.26%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Erez Klein, Lowe Brian, Nir Wolf, Ravit Barniv, Roberts Christopher, 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 Global Alpha Capital Management Ltd., Morgan Stanley, Morgan Stanley, Jane Street Group LLC, Invesco Ltd., Personal Capital Advisors Corp, UBS Group AG, and Harel Insurance Investments & Financial Services Ltd.. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Nir Wolf, Ravit Barniv, Shlomi Argas, and Zvi Krieger. View insider buying and selling activity for Ormat Technologies.

Which institutional investors are buying Ormat Technologies stock?

ORA stock was purchased by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., BlackRock Inc., Van ECK Associates Corp, Assenagon Asset Management S.A., Meitav Dash Investments Ltd., AXA, State Street Corp, and Alps Advisors Inc.. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $69.41.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $3.54 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.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff