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 shares have increased by 1.5% and is now trading at $63.47. 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 results on Monday, May, 11th. The energy company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.50 by $0.01. The energy company earned $192.10 million during the quarter, compared to analysts' expectations of $186.91 million. Ormat Technologies had a return on equity of 4.95% and a net margin of 11.93%. Ormat Technologies's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business earned $0.51 earnings per share. View Ormat Technologies' earnings history.

Ormat Technologies declared 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 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Wednesday, May 20th. View Ormat Technologies' dividend history.

Ormat Technologies issued an update on its FY 2020 Pre-Market earnings guidance on Monday, May, 11th. The company provided EPS 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 Wall Street analysts have issued 1-year target prices for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they expect Ormat Technologies' share price to reach $77.25 in the next twelve months. This suggests a possible upside of 21.7% from the stock's current price. View analysts' price targets for Ormat Technologies.

Media coverage about ORA stock has trended very negative on Monday, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ormat Technologies earned a media sentiment score of -3.2 on InfoTrie's scale. They also gave news articles about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future. 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."

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 $63.47.

Ormat Technologies has a market capitalization of $3.24 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]