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NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$54.86
-0.52 (-0.94 %)
(As of 09/21/2020 12:00 AM ET)
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Today's Range
$54.05
Now: $54.86
$55.78
50-Day Range
$55.23
MA: $59.85
$64.04
52-Week Range
$53.44
Now: $54.86
$87.07
Volume347,659 shs
Average Volume329,017 shs
Market Capitalization$2.80 billion
P/E Ratio36.57
Dividend Yield0.79%
Beta0.54
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.35 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryIndependent Power Producers & Energy Traders
CUSIP68668810
Phone775-356-9029

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$746.04 million
Cash Flow$4.06 per share
Book Value$29.72 per share

Profitability

Net Income$88.10 million

Miscellaneous

Employees1,408
Market Cap$2.80 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$54.86
-0.52 (-0.94 %)
(As of 09/21/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

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

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ORA shares have decreased by 12.3% and is now trading at $54.86.
View which stocks have been most impacted by COVID-19
.

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 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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, November 4th 2020.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Tuesday, August, 4th. The energy company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.38 by $0.07. The energy company earned $174.90 million during the quarter, compared to the consensus estimate of $168.63 million. Ormat Technologies had a return on equity of 5.06% and a net margin of 10.59%. The company's quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.40 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 Tuesday, August 4th. Shareholders of record on Tuesday, August 18th will be paid a dividend of $0.11 per share on Tuesday, September 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Monday, August 17th.
View Ormat Technologies' dividend history
.

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

Ormat Technologies updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710-725 million, compared to the consensus revenue estimate of $720.5 million.

What price target have analysts set for ORA?

4 brokers have issued 12 month price targets for Ormat Technologies' stock. Their forecasts range from $76.00 to $82.00. On average, they anticipate Ormat Technologies' share price to reach $78.67 in the next year. This suggests a possible upside of 43.4% from the stock's current price.
View analysts' price targets for Ormat Technologies
.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest during the month of August. As of August 31st, there was short interest totaling 6,230,000 shares, an increase of 9.7% from the August 15th total of 5,680,000 shares. Based on an average daily volume of 358,700 shares, the short-interest ratio is presently 17.4 days. Approximately 13.5% of the company's stock are short sold.
View Ormat Technologies' Short Interest
.

Who are some of Ormat Technologies' key competitors?

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
.

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), Boeing (BA), Costco Wholesale (COST) and Advanced Micro Devices (AMD).

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 many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (8.11%), Phoenix Holdings Ltd. (1.19%), Neuberger Berman Group LLC (0.96%), Charles Schwab Investment Management Inc. (0.79%), Harel Insurance Investments & Financial Services Ltd. (0.51%) and Bank of New York Mellon Corp (0.44%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ofer Benyosef, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
View institutional ownership trends for Ormat Technologies
.

Which major investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Glenmede Trust Co. NA, Jane Street Group LLC, Meitav Dash Investments Ltd., Mackay Shields LLC, Strs Ohio, Nuveen Asset Management LLC, Neuberger Berman Group LLC, and AQR Capital Management LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Byron G Wong, Dan Falk, Shlomi Argas, and Zvi Krieger.
View insider buying and selling activity for Ormat Technologies
.

Which major investors are buying Ormat Technologies stock?

ORA stock was acquired by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Vanguard Group Inc., Handelsbanken Fonder AB, Goldman Sachs Group Inc., Phoenix Holdings Ltd., Harel Insurance Investments & Financial Services Ltd., Marshall Wace LLP, and SG Americas Securities LLC. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, and Roberts Christopher.
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 $54.86.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $2.80 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 9/22/2020 by MarketBeat.com Staff

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