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S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
'A Gold Storm Is Coming' (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
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MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
The 3-Stock Retirement Blueprint (Ad)
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
S&P 500   3,693.23
DOW   29,590.41
QQQ   275.51
Become an Ethical Hacking and Cybercrime Expert
'A Gold Storm Is Coming' (Ad)
Judge rejects Justice Dept.'s bid to stop sugar merger
Will Wall Street's Enthusiasm About Datadog Lead To Big Gains?
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MarketBeat: Week in Review 9/19 – 9/23
China using civilian ships to enhance navy capability, reach
The 3-Stock Retirement Blueprint (Ad)
German leader seeks energy deals, alliances on Gulf trip
World Bank head says he's not a climate denier, won't quit
NYSE:ORA

Ormat Technologies - ORA Stock Forecast, Price & News

$90.78
-1.55 (-1.68%)
(As of 09/23/2022 12:00 AM ET)
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Compare
Today's Range
$88.76
$91.12
50-Day Range
$79.39
$97.15
52-Week Range
$60.32
$98.47
Volume
471,589 shs
Average Volume
554,833 shs
Market Capitalization
$5.08 billion
P/E Ratio
80.34
Dividend Yield
0.52%
Price Target
$88.25

Ormat Technologies MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
2.8% Downside
$88.25 Price Target
Short Interest
Bearish
10.77% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
+2.08
Upright™ Environmental Score
News Sentiment
0.00mentions of Ormat Technologies in the last 14 days
Based on 2 Articles This Week
Insider Trading
Selling Shares
$1.21 M Sold Last Quarter
Proj. Earnings Growth
53.91%
From $1.28 to $1.97 Per Share

Overall MarketRank

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

1.93 out of 5 stars

Oils/Energy Sector

185th out of 254 stocks

Electric Services Industry

30th out of 44 stocks

ORA stock logo

About Ormat Technologies (NYSE:ORA) Stock

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, 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; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal 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 Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

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ORA Stock News Headlines

Ormat Technologies, Inc. (ORA)
Ormat Releases 2021 Sustainability Report
Ormat Technologies Becomes Oversold (ORA)
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ORA Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 8/31 Dividend
8/16/2022
Dividend Payable
8/31/2022
Today
9/24/2022
Next Earnings (Estimated)
11/02/2022
Fiscal Year End
12/31/2022

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
$88.25
High Stock Price Forecast
$97.00
Low Stock Price Forecast
$75.00
Forecasted Upside/Downside
-2.8%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$62.09 million
Pretax Margin
17.00%

Debt

Sales & Book Value

Annual Sales
$663.08 million
Cash Flow
$4.59 per share
Book Value
$35.69 per share

Miscellaneous

Free Float
55,207,000
Market Cap
$5.08 billion
Optionable
Optionable
Beta
0.47

Key Executives

  • Mr. Doron  BlacharMr. Doron Blachar (Age 54)
    Chief Exec. Officer
    Comp: $1.07M
  • Mr. Shlomi  ArgasMr. Shlomi Argas (Age 57)
    Pres and Head of Operations & Products
    Comp: $537.72k
  • Mr. Assaf  GinzburgMr. Assaf Ginzburg (Age 47)
    Chief Financial Officer
    Comp: $618.42k
  • Mr. Shimon  HatzirMr. Shimon Hatzir (Age 60)
    Exec. VP of Electricity Segment
    Comp: $563.75k
  • Mr. Ofer  BenyosefMr. Ofer Benyosef (Age 58)
    Exec. VP of Energy Storage & Bus. Devel.
    Comp: $533.24k
  • Ms. Smadar Lavi
    VP, Head of Investor Relations & ESG Planning and Reporting
  • Ms. Jessica Woelfel (Age 45)
    Gen. Counsel & Chief Compliance Officer
  • Ms. Liza Tavori
    Sr. VP of HR
  • Ms. Etty Rosner (Age 66)
    Sr. VP of Contract Management
  • Mr. Bob Sullivan (Age 59)
    Exec. VP of Bus. Devel.













ORA Stock - Frequently Asked Questions

Should I buy or sell Ormat Technologies stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 2022?

3 equities research analysts have issued 1-year price objectives for Ormat Technologies' shares. Their ORA share price forecasts range from $75.00 to $97.00. On average, they anticipate the company's stock price to reach $88.25 in the next twelve months. This suggests that the stock has a possible downside of 2.8%.
View analysts price targets for ORA
or view top-rated stocks among Wall Street analysts.

How have ORA shares performed in 2022?

Ormat Technologies' stock was trading at $79.30 at the start of the year. Since then, ORA shares have increased by 14.5% and is now trading at $90.78.
View the best growth stocks for 2022 here
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
View our ORA earnings forecast
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) posted its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.31 by $0.01. The energy company had revenue of $158.84 million for the quarter, compared to the consensus estimate of $161.49 million. Ormat Technologies had a net margin of 9.04% and a trailing twelve-month return on equity of 3.65%. During the same quarter in the previous year, the business earned $0.31 EPS.

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

Ormat Technologies announced a quarterly dividend on Wednesday, August 3rd. Investors of record on Wednesday, August 17th will be paid a dividend of $0.12 per share on Wednesday, August 31st. This represents a $0.48 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Tuesday, August 16th.
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 company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 24.37% 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, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $720.54 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 number of institutional and retail investors. Top institutional investors include Global Alpha Capital Management Ltd. (3.88%), Clal Insurance Enterprises Holdings Ltd (3.79%), State Street Corp (2.10%), Amundi (2.00%), Millennium Management LLC (1.39%) and Van Berkom & Associates Inc. (1.35%). Insiders that own company stock include Assi Ginzburg, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Lowe Brian, Ofer Benyosef, Roberts Christopher, 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 $90.78.

How much money does Ormat Technologies make?

Ormat Technologies (NYSE:ORA) has a market capitalization of $5.08 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.13 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 9/24/2022 by MarketBeat.com Staff

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