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

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

Ormat Technologies declared a quarterly dividend on Tuesday, May 7th. Shareholders of record on Monday, May 20th will be given a dividend of $0.11 per share on Tuesday, May 28th. This represents a $0.44 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date is Friday, May 17th. View Ormat Technologies' Dividend History.

Ormat Technologies, Inc. (NYSE:ORA) released its earnings results on Monday, May, 6th. The energy company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.01. The energy company earned $199.04 million during the quarter, compared to the consensus estimate of $183.62 million. Ormat Technologies had a return on equity of 5.86% and a net margin of 7.41%. The firm's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.48 EPS. View Ormat Technologies' Earnings History.

Ormat Technologies is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for Ormat Technologies.

Ormat Technologies issued an update on its FY 2019 earnings guidance on Monday, May, 6th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $720-742 million, compared to the consensus revenue estimate of $729.12 million.

2 equities research analysts have issued 1 year target prices for Ormat Technologies' shares. Their forecasts range from $60.00 to $72.00. On average, they anticipate Ormat Technologies' share price to reach $66.00 in the next twelve months. This suggests a possible upside of 12.0% from the stock's current price. View Analyst Price Targets for Ormat Technologies.

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ormat Technologies.

Media headlines about ORA stock have trended neutral on Friday, InfoTrie reports. The research firm identifies negative and positive media coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ormat Technologies earned a news sentiment score of 0.3 on InfoTrie's scale. They also assigned news articles about the energy company a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the company's share price in the next several days.

Some companies that are related to Ormat Technologies include CENTRAIS ELETRI/S (EBR), Pinnacle West Capital (PNW), NRG Energy (NRG), Enel Americas (ENIA), Huaneng Power International Inc ADR Class N (HNP), OGE Energy (OGE), ENGIE BRASIL EN/S (EGIEY), CPFL Energia (CPL), CENTRICA PLC/S (CPYYY), Brookfield Renewable Partners (BEP), Algonquin Power & Utilities (AQN), IDACORP (IDA), Portland General Electric (POR), Black Hills (BKH) and Hawaiian Electric Industries (HE).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include Netflix (NFLX), NVIDIA (Nvda), Adobe (ADBE), Corning (GLW), Cisco Systems (CSCO), salesforce.com (CRM), Intel (Intc), Visa (V), Micron Technology (MU) and Alibaba Group (BABA).

Ormat Technologies' stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.48%), Clal Insurance Enterprises Holdings Ltd (4.65%), Dimensional Fund Advisors LP (3.08%), Global Alpha Capital Management Ltd. (2.33%), Migdal Insurance & Financial Holdings Ltd. (2.12%) and Renaissance Technologies LLC (1.82%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Bronicki Investments Ltd, Dafna Sharir, David Granot, Doron Blachar, Erez Klein, Etty Rosner, Gillon Beck, Isaac Angel, Iv 2007 Ltd Fimi, Nir Wolf, Robert Eugene Joyal, Shimon Hatzir, 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 Renaissance Technologies LLC, Clal Insurance Enterprises Holdings Ltd, Morgan Stanley, Meitav Dash Investments Ltd., Handelsbanken Fonder AB, New Amsterdam Partners LLC NY, Mirova and Penn Capital Management Co. Inc.. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Dafna Sharir, David Granot and Erez Klein. View Insider Buying and Selling for Ormat Technologies.

ORA stock was bought by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., Global Alpha Capital Management Ltd., Goldman Sachs Group Inc., Jane Street Group LLC, Altshuler Shaham Ltd, Geode Capital Management LLC, SG Americas Securities LLC and Dimensional Fund Advisors 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, Scottrade, Fidelity and Charles Schwab.

One share of ORA stock can currently be purchased for approximately $58.95.

Ormat Technologies has a market capitalization of $2.99 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.

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]