Ormat Technologies - ORA Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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5 analysts have issued 1 year price targets for Ormat Technologies' shares. Their ORA share price forecasts range from $84.00 to $97.00. On average, they anticipate the company's stock price to reach $90.00 in the next year. This suggests that the stock has a possible downside of 2.4%.
View analysts price targets for ORA or view top-rated stocks among Wall Street analysts.

Ormat Technologies' stock was trading at $86.48 on January 1st, 2023. Since then, ORA shares have increased by 6.6% and is now trading at $92.22.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our ORA earnings forecast.

Ormat Technologies will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "9122486".

Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The energy company earned $158.84 million during the quarter, compared to analysts' expectations of $161.49 million. Ormat Technologies had a net margin of 9.27% and a trailing twelve-month return on equity of 3.69%. During the same quarter last year, the business posted $0.31 earnings per share.

Ormat Technologies declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.12 per share on Wednesday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 15th.
Read our dividend analysis for ORA.

Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.52%. The dividend payout ratio is 40.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 25.13% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ORA.

Ormat Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720.00 million-$735.00 million, compared to the consensus revenue estimate of $741.63 million.

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.

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).

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

Ormat Technologies' stock is owned by a variety of retail and institutional investors. Top institutional investors include Meitav Dash Investments Ltd. (1.60%), Handelsbanken Fonder AB (0.79%), Guinness Asset Management LTD (0.77%), LGT Capital Partners LTD. (0.66%), Assenagon Asset Management S.A. (0.29%) and Bank of Montreal Can (0.23%). Insiders that own company stock include Assi Ginzburg, Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Ofer Benyosef, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger.
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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.
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One share of ORA stock can currently be purchased for approximately $92.22.

Ormat Technologies (NYSE:ORA) has a market capitalization of $5.17 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.19 on an earnings per share basis.

The company employs 1,385 workers across the globe.

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.