NYSE:ORA - Ormat Technologies Stock Price, Forecast & News

Ormat Technologies trades on the New York Stock Exchange (NYSE) under the ticker symbol "ORA."

Ormat Technologies declared a quarterly dividend on Wednesday, November 6th. Investors of record on Wednesday, November 20th will be paid a dividend of $0.11 per share on Wednesday, December 4th. This represents a $0.44 annualized dividend and a yield of 0.55%. The ex-dividend date of this dividend is Tuesday, November 19th. View Ormat Technologies' Dividend History.

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings results on Wednesday, November, 6th. The energy company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.33 by $0.03. The energy company earned $170.50 million during the quarter, compared to analysts' expectations of $171.11 million. Ormat Technologies had a return on equity of 6.00% and a net margin of 12.59%. Ormat Technologies's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.31 earnings per share. View Ormat Technologies' Earnings History.

Ormat Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, February 25th 2020. View Earnings Estimates for Ormat Technologies.

4 brokers have issued twelve-month price targets for Ormat Technologies' shares. Their forecasts range from $60.00 to $78.00. On average, they anticipate Ormat Technologies' share price to reach $71.75 in the next year. This suggests that the stock has a possible downside of 10.8%. View Analyst Price Targets for Ormat Technologies.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ormat Technologies.

News headlines about ORA stock have trended somewhat positive on Wednesday, InfoTrie Sentiment reports. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ormat Technologies earned a news impact score of 2.0 on InfoTrie's scale. They also gave media coverage about the energy company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near term. View News Stories for Ormat Technologies.

Ormat Technologies saw a drop in short interest in December. As of December 13th, there was short interest totalling 530,300 shares, a drop of 5.9% from the November 28th total of 563,600 shares. Based on an average daily trading volume, of 162,800 shares, the days-to-cover ratio is presently 3.3 days. Currently, 1.2% of the company's stock are sold short. View Ormat Technologies' Current Options Chain.

Some companies that are related to Ormat Technologies include AES (AES), NRG Energy (NRG), Atlantic Power (AT), Genie Energy (GNE) and American DG Energy (ADGE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include AT&T (T), Applied Materials (AMAT), Netflix (NFLX), Cisco Systems (CSCO), Corning (GLW), Home Depot (HD), Adobe (ADBE), NVIDIA (Nvda), QUALCOMM (QCOM) and AbbVie (ABBV).

Ormat Technologies' stock is owned by many different of retail and institutional investors. Top institutional investors include Brasada Capital Management LP (0.08%), Bridge Creek Capital Management LLC (0.07%), Zurcher Kantonalbank Zurich Cantonalbank (0.04%), Somerville Kurt F (0.03%), LGT Capital Partners LTD. (0.03%) and Sciencast Management LP (0.01%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Erez Klein, 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 LGT Capital Partners LTD., Bridge Creek Capital Management LLC and Hemenway Trust Co LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Nir Wolf, Ravit Barniv, Shlomi Argas and Zvi Krieger. View Insider Buying and Selling for Ormat Technologies.

ORA stock was acquired by a variety of institutional investors in the last quarter, including Zurcher Kantonalbank Zurich Cantonalbank , Sciencast Management LP, Boston Trust Walden Corp, Somerville Kurt F, NEXT Financial Group Inc, Brasada Capital Management LP and Mission Wealth Management LP. View Insider Buying and Selling 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 $80.44.

Ormat Technologies has a market capitalization of $4.10 billion and generates $719.27 million in revenue each year. The energy company earns $97.97 million in net income (profit) each year or $2.08 on an earnings per share basis. Ormat Technologies employs 1,346 workers across the globe.View Additional Information About Ormat Technologies.

The official website for Ormat Technologies is http://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]