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NYSE:ORA

Ormat Technologies - ORA Stock Forecast, Price & News

$93.02
+0.29 (+0.31%)
(As of 02/7/2023 12:00 AM ET)
Add
Compare
Today's Range
$91.36
$93.53
50-Day Range
$83.78
$93.60
52-Week Range
$60.32
$101.81
Volume
290,897 shs
Average Volume
327,986 shs
Market Capitalization
$5.21 billion
P/E Ratio
78.17
Dividend Yield
0.52%
Price Target
$90.00

Ormat Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
3.6% Downside
$90.00 Price Target
Short Interest
Bearish
7.42% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
+2.08
Upright™ Environmental Score
News Sentiment
1.34mentions of Ormat Technologies in the last 14 days
Based on 3 Articles This Week
Insider Trading
Selling Shares
$378.96 M Sold Last Quarter
Proj. Earnings Growth
41.48%
From $1.35 to $1.91 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Oils/Energy Sector

118th out of 235 stocks

Electric Services Industry

22nd out of 41 stocks

ORA stock logo

About Ormat Technologies (NYSE:ORA) Stock

Ormat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.

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ORA Stock News Headlines

A gold storm is coming…
“We are in the early stages of a mania – the calm before the storm.”...
Ormat Technologies Recent Insider Activity
The #1 Energy Stock to Buy
The next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…
Ormat Technologies 10% Owner Trades Company's Stock
Geothermal Energy Stock Heats Up New Buy Zone
12 Best Alternative Energy Stocks To Buy Now
See More Headlines
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ORA Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 11/30 Dividend
11/15/2022
Dividend Payable
11/30/2022
Today
2/07/2023
Next Earnings (Confirmed)
2/22/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,385
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$90.00
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$84.00
Forecasted Upside/Downside
-3.2%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$62.09 million
Pretax Margin
17.35%

Debt

Sales & Book Value

Annual Sales
$663.08 million
Cash Flow
$4.72 per share
Book Value
$35.69 per share

Miscellaneous

Free Float
55,319,000
Market Cap
$5.21 billion
Optionable
Optionable
Beta
0.49

Key Executives

  • Doron BlacharDoron Blachar
    Chief Executive Officer
  • Shlomi ArgasShlomi Argas
    President
  • Assi GinzburgAssi Ginzburg
    Chief Financial Officer
  • Jessica Woelfel
    Compliance Officer & General Counsel
  • Etty Rosner
    Secretary & Senior Vice President













ORA Stock - Frequently Asked Questions

Should I buy or sell Ormat Technologies stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" ORA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ORA, but not buy additional shares or sell existing shares.
View ORA analyst ratings
or view top-rated stocks.

What is Ormat Technologies' stock price forecast for 2023?

5 analysts have issued 1 year price targets for Ormat Technologies' shares. Their ORA share price forecasts range from $84.00 to $97.00. On average, they anticipate the company's stock price to reach $90.00 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for ORA
or view top-rated stocks among Wall Street analysts.

How have ORA shares performed in 2023?

Ormat Technologies' stock was trading at $86.48 on January 1st, 2023. Since then, ORA shares have increased by 6.6% and is now trading at $92.22.
View the best growth stocks for 2023 here
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our ORA earnings forecast
.

How can I listen to Ormat Technologies' earnings call?

Ormat Technologies will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "9122486".

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The energy company earned $158.84 million during the quarter, compared to analysts' expectations of $161.49 million. Ormat Technologies had a net margin of 9.27% and a trailing twelve-month return on equity of 3.69%. During the same quarter last year, the business posted $0.31 earnings per share.

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

Ormat Technologies declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.12 per share on Wednesday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for ORA
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.52%. The dividend payout ratio is 40.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 25.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORA.

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

Ormat Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720.00 million-$735.00 million, compared to the consensus revenue estimate of $741.63 million.

What is Doron Blachar's approval rating as Ormat Technologies' CEO?

1 employees have rated Ormat Technologies Chief Executive Officer Doron Blachar on Glassdoor.com. Doron Blachar has an approval rating of 100% among the company's employees. This puts Doron Blachar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 QUALCOMM (QCOM), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Intel (INTC), Xilinx (XLNX), Tesla (TSLA), Advanced Micro Devices (AMD), Boeing (BA) and Cisco Systems (CSCO).

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 variety of retail and institutional investors. Top institutional investors include Meitav Dash Investments Ltd. (1.60%), Handelsbanken Fonder AB (0.79%), Guinness Asset Management LTD (0.77%), LGT Capital Partners LTD. (0.66%), Assenagon Asset Management S.A. (0.29%) and Bank of Montreal Can (0.23%). Insiders that own company stock include Assi Ginzburg, Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Ofer Benyosef, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger.
View institutional ownership trends
.

How do I buy shares of Ormat Technologies?

Shares of ORA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $92.22.

How much money does Ormat Technologies make?

Ormat Technologies (NYSE:ORA) has a market capitalization of $5.17 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.19 on an earnings per share basis.

How many employees does Ormat Technologies have?

The company employs 1,385 workers across the globe.

How can I contact Ormat Technologies?

Ormat Technologies' mailing address is 6140 PLUMAS STREET, RENO NV, 89519. The official website for the company is www.ormat.com. The energy company can be reached via phone at (775) 356-9029, via email at rob@haydenir.com, or via fax at 775-356-9039.

This page (NYSE:ORA) was last updated on 2/7/2023 by MarketBeat.com Staff