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NYSE:ORAOrmat Technologies Stock Price, Forecast & News

$62.72
-0.95 (-1.49 %)
(As of 04/3/2020 04:00 PM ET)
Add
Compare
Today's Range
$60.51
Now: $62.72
$64.48
50-Day Range
$58.41
MA: $72.22
$86.37
52-Week Range
$55.22
Now: $62.72
$87.07
Volume253,056 shs
Average Volume248,106 shs
Market Capitalization$3.20 billion
P/E Ratio36.68
Dividend Yield0.69%
Beta0.85
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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Ormat Technologies logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.0Community Rank: 2.2Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.96 out of 5 stars


Industry, Sector and Symbol

Industry Electric services
Sub-IndustryIndependent Power Producers & Energy Traders
SectorOils/Energy
CUSIP68668810
Phone775-356-9029

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$746.04 million
Cash Flow$4.23 per share
Book Value$29.72 per share

Profitability

Net Income$88.10 million

Miscellaneous

Employees1,408
Market Cap$3.20 billion
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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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 COVID-19 reached pandemic status according to the World Health Organization. Since then, ORA shares have increased by 0.3% and is now trading at $62.72. View which stocks have been mosted impacted by Coronavirus.

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

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold 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 Monday, May 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 data on Tuesday, February, 25th. The energy company reported $0.24 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.52 by $0.28. The energy company had revenue of $192.44 million for the quarter, compared to analysts' expectations of $183.34 million. Ormat Technologies had a return on equity of 5.01% and a net margin of 11.81%. View Ormat Technologies' earnings history.

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

Ormat Technologies declared a quarterly dividend on Tuesday, February 25th. Stockholders of record on Thursday, March 12th will be paid a dividend of $0.11 per share on Thursday, March 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend is Wednesday, March 11th. 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, February, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720-740 million, compared to the consensus revenue estimate of $789.64 million.

What price target have analysts set for ORA?

3 equities research analysts have issued twelve-month target prices for Ormat Technologies' shares. Their forecasts range from $73.00 to $78.00. On average, they expect Ormat Technologies' share price to reach $75.67 in the next twelve months. This suggests a possible upside of 20.6% from the stock's current price. View analysts' price targets for Ormat Technologies.

Has Ormat Technologies been receiving favorable news coverage?

Media stories about ORA stock have trended very negative recently, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. 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 news sentiment score of -3.3 on InfoTrie's scale. They also gave media stories 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 next few days. View the latest news aboutOrmat Technologies.

Are investors shorting Ormat Technologies?

Ormat Technologies saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 802,600 shares, an increase of 21.7% from the February 13th total of 659,500 shares. Based on an average trading volume of 182,800 shares, the days-to-cover ratio is presently 4.4 days. Currently, 1.7% of the company's stock are sold short. View Ormat Technologies' Current Options Chain.

Who are some of Ormat Technologies' key competitors?

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).

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 AT&T (T), Applied Materials (AMAT), Cisco Systems (CSCO), NVIDIA (NVDA), Netflix (NFLX), Home Depot (HD), Intel (INTC), QUALCOMM (QCOM), Xilinx (XLNX) and AbbVie (ABBV).

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."

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 $62.72.

How big of a company is Ormat Technologies?

Ormat Technologies has a market capitalization of $3.20 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. View additional information about Ormat Technologies.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is http://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 4/3/2020 by MarketBeat.com Staff

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