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 decreased by 0.4% and is now trading at $62.28. 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 will be holding an earnings conference call on Tuesday, August 4th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings data on Monday, May, 11th. The energy company reported $0.51 EPS for the quarter, beating the consensus estimate 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 net margin of 11.93% and a return on equity of 4.95%. Ormat Technologies's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 earnings per share. View Ormat Technologies' earnings history.

Ormat Technologies announced 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 0.71%. The ex-dividend date 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 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 twelve-month price targets for Ormat Technologies' shares. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' stock price to reach $77.25 in the next year. This suggests a possible upside of 24.0% from the stock's current price. View analysts' price targets for Ormat Technologies.

Media coverage about ORA stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ormat Technologies earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned news headlines about the energy company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an impact on the company'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."

Ormat Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Harel Insurance Investments & Financial Services Ltd. (0.51%), Brasada Capital Management LP (0.09%) and MERIAN GLOBAL INVESTORS UK Ltd (0.01%). 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 Brasada Capital Management LP. 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 Harel Insurance Investments & Financial Services Ltd., and MERIAN GLOBAL INVESTORS UK Ltd. 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 $62.28.

Ormat Technologies has a market capitalization of $3.18 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]