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NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$63.86
-2.86 (-4.29%)
(As of 01/27/2022 03:03 PM ET)
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Compare
Today's Range
$62.78
$67.63
50-Day Range
$66.72
$81.67
52-Week Range
$63.71
$128.87
Volume
17,697 shs
Average Volume
377,447 shs
Market Capitalization
$3.58 billion
P/E Ratio
55.53
Dividend Yield
0.65%
Beta
0.37
30 days | 90 days | 365 days | Advanced Chart
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Ormat Technologies logo

About Ormat Technologies

Ormat Technologies, Inc. operates as a holding company. The firm engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses in the sale of electricity from the company's power plants pursuant to PPAs. The Product segment involves in the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.

Headlines

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Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,402
Year Founded
N/A

Sales & Book Value

Annual Sales
$705.34 million
Cash Flow
$3.62 per share
Book Value
$34.77 per share

Profitability

Net Income
$85.46 million
Pretax Margin
16.32%

Debt

Price-To-Earnings

Miscellaneous

Free Float
55,385,000
Market Cap
$3.58 billion
Optionable
Optionable

Company Calendar

Last Earnings
11/03/2021
Ex-Dividend for 12/3 Dividend
11/16/2021
Dividend Payable
12/03/2021
Today
1/27/2022
Next Earnings (Confirmed)
2/23/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.52 out of 5 stars

Oils/Energy Sector

93rd out of 361 stocks

Electric Services Industry

22nd out of 58 stocks

Analyst Opinion: 3.2Community Rank: 4.0Dividend Strength: 1.7Insider Behavior: 2.5Valuation: 1.3 5 -4 -3 -2 -1 -












Ormat Technologies (NYSE:ORA) Frequently Asked Questions

Is Ormat Technologies a buy right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Ormat Technologies stock. 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.
View analyst ratings for Ormat Technologies
or view top-rated stocks.

How has Ormat Technologies' stock price been impacted by Coronavirus (COVID-19)?

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, ORA shares have increased by 1.9% and is now trading at $63.71.
View which stocks have been most impacted by COVID-19
.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, February 23rd 2022.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings data on Wednesday, November, 3rd. The energy company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters' 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 trailing twelve-month return on equity of 3.86% and a net margin of 9.81%. During the same period in the previous year, the business earned $0.31 EPS.
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 Wednesday, November 3rd. Investors of record on Wednesday, November 17th will be paid a dividend of $0.12 per share on Friday, December 3rd. This represents a $0.48 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Tuesday, November 16th.
View Ormat Technologies' dividend history
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.65%. Ormat Technologies does not yet have a strong track record of dividend growth. The dividend payout ratio of Ormat Technologies is 41.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 32.21% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.
View Ormat Technologies' dividend history.

What guidance has Ormat Technologies issued on next quarter's earnings?

Ormat Technologies updated its FY 2021 earnings guidance on Wednesday, November, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $652 million-$675 million, compared to the consensus revenue estimate of $660.38 million.

What price target have analysts set for ORA?

5 brokers have issued 1 year target prices for Ormat Technologies' stock. Their forecasts range from $72.00 to $100.00. On average, they expect Ormat Technologies' share price to reach $79.20 in the next twelve months. This suggests a possible upside of 24.3% from the stock's current price.
View analysts' price targets for Ormat Technologies
or view top-rated stocks among Wall Street analysts.

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following people:
  • Doron Blachar, Chief Executive Officer
  • Shlomi Argas, President (LinkedIn Profile)
  • Assi Ginzburg, Chief Financial Officer
  • Etty Rosner, Secretary & Senior Vice President
  • Bob Sullivan, Executive Vice President-Business Development

What is Doron Blachar's approval rating as Ormat Technologies' CEO?

1 employees have rated Ormat Technologies CEO Doron Blachar on Glassdoor.com. Doron Blachar has an approval rating of 100% among Ormat Technologies' employees. This puts Doron Blachar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

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 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).

What is Ormat Technologies' stock symbol?

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

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by many different institutional and retail investors. Top institutional investors include Van ECK Associates Corp (0.76%), Guinness Asset Management LTD (0.72%), LGT Capital Partners LTD. (0.50%), Bridge Creek Capital Management LLC (0.13%), Dudley & Shanley Inc. (0.03%) and Guinness Atkinson Asset Management Inc (0.02%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Dafna Sharir, Ofer Benyosef, Shimon Hatzir, Shlomi Argas and Zvi Krieger.
View institutional ownership trends for Ormat Technologies
.

Which major investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Boston Trust Walden Corp, and Bridge Creek Capital Management LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Dafna Sharir, Shimon Hatzir, and Shlomi Argas.
View insider buying and selling activity for Ormat Technologies
or view top insider-selling stocks.

Which major investors are buying Ormat Technologies stock?

ORA stock was bought by a variety of institutional investors in the last quarter, including Guinness Asset Management LTD, Dudley & Shanley Inc., LGT Capital Partners LTD., Sciencast Management LP, NN Investment Partners Holdings N.V., Strs Ohio, Concord Wealth Partners, and Guinness Atkinson Asset Management Inc. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, and Zvi Krieger.
View insider buying and selling activity for Ormat Technologies
or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ormat Technologies' stock price today?

One share of ORA stock can currently be purchased for approximately $63.71.

How much money does Ormat Technologies make?

Ormat Technologies has a market capitalization of $3.57 billion and generates $705.34 million in revenue each year. The energy company earns $85.46 million in net income (profit) each year or $1.15 on an earnings per share basis.

How many employees does Ormat Technologies have?

Ormat Technologies employs 1,402 workers across the globe.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is www.ormat.com.

Where are Ormat Technologies' headquarters?

Ormat Technologies is headquartered at 6140 PLUMAS STREET, RENO NV, 89519.

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, via email at [email protected], or via fax at 775-356-9039.


This page was last updated on 1/27/2022 by MarketBeat.com Staff

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