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NYSE:ORAOrmat Technologies Stock Price, Forecast & News

$60.85
+1.38 (+2.32 %)
(As of 08/10/2020 04:00 PM ET)
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Today's Range
$59.83
Now: $60.85
$61.36
50-Day Range
$58.50
MA: $62.04
$67.74
52-Week Range
$55.22
Now: $60.85
$87.07
Volume611,190 shs
Average Volume366,123 shs
Market Capitalization$3.11 billion
P/E Ratio40.57
Dividend Yield0.74%
Beta0.62
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: 3.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.74 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$4.43 per share
Book Value$29.72 per share

Profitability

Net Income$88.10 million

Miscellaneous

Employees1,408
Market Cap$3.11 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$60.85
+1.38 (+2.32 %)
(As of 08/10/2020 04:00 PM 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 been impacted by COVID-19 (Coronavirus)?

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 shares have decreased by 2.7% and is now trading at $60.85.
View which stocks have been most impacted by Coronavirus
.

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

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 2 buy 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, November 4th 2020.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) released its quarterly earnings results on Tuesday, August, 4th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' 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 firm's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS.
View Ormat Technologies' earnings history
.

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

Ormat Technologies announced a quarterly dividend on Tuesday, August 4th. Stockholders 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 annualized dividend and a dividend yield of 0.72%. 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 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?

5 equities research analysts have issued 1-year price objectives 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 twelve months. This suggests a possible upside of 27.0% from the stock's current price.
View analysts' price targets for Ormat Technologies
.

Has Ormat Technologies been receiving favorable news coverage?

Media headlines about ORA stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ormat Technologies earned a news sentiment score of 2.8 on InfoTrie's scale. They also assigned news stories about the energy company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the stock's share price in the immediate future.
View the latest news about Ormat Technologies
.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 603,500 shares, an increase of 16.2% from the December 31st total of 519,500 shares. Based on an average daily volume of 154,400 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.3% of the shares of the stock are sold short.
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 NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Micron Technology (MU), Xilinx (XLNX), Intel (INTC), Advanced Micro Devices (AMD), Home Depot (HD), Netflix (NFLX) and Taiwan Semiconductor Mfg. (TSM).

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 institutional and retail investors. Top institutional investors include Phoenix Holdings Ltd. (1.19%), Harel Insurance Investments & Financial Services Ltd. (0.51%), Trillium Asset Management LLC (0.35%), Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD (0.35%), Alps Advisors Inc. (0.28%) and First Trust Advisors LP (0.28%). 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
.

Which institutional investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Mackay Shields LLC, Strs Ohio, UBS Group AG, US Bancorp DE, Clean Yield Group, Brasada Capital Management LP, and Bowling Portfolio Management LLC. 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
.

Which institutional 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., Phoenix Holdings Ltd., Harel Insurance Investments & Financial Services Ltd., SG Americas Securities LLC, First Trust Advisors LP, Duality Advisers LP, Alps Advisors Inc., and Swiss National Bank.
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 $60.85.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $3.11 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 8/11/2020 by MarketBeat.com Staff

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