NYSE:ORAOrmat Technologies Stock Price, Forecast & News

Ormat Technologies' stock was trading at $62.55 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, ORA shares have increased by 14.1% and is now trading at $71.35. View which stocks have been most impacted by Coronavirus.

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.

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, August 5th 2020. View our earnings forecast for Ormat Technologies.

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings data on Monday, May, 11th. The energy company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.01. The energy company earned $192.10 million during the quarter, compared to the consensus estimate of $186.91 million. Ormat Technologies had a return on equity of 4.95% and a net margin of 11.93%. The business's revenue for the quarter was down 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. View Ormat Technologies' earnings history.

Ormat Technologies announced a quarterly dividend on Friday, May 8th. Investors of record on Thursday, May 21st will be given a dividend of $0.11 per share on Tuesday, June 2nd. This represents a $0.44 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date is Wednesday, May 20th. View Ormat Technologies' dividend history.

Ormat Technologies issued an update on its FY 2020 Pre-Market earnings guidance on Monday, May, 11th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710-740 million, compared to the consensus revenue estimate of $729.56 million.

4 Wall Street analysts have issued 1-year price objectives for Ormat Technologies' stock. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' stock price to reach $77.25 in the next year. This suggests a possible upside of 8.3% from the stock's current price. View analysts' price targets for Ormat Technologies.

Headlines about ORA stock have been trending positive on Saturday, InfoTrie Sentiment Analysis reports. The research firm identifies positive and negative media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ormat Technologies earned a coverage optimism score of 3.0 on InfoTrie's scale. They also gave news coverage about the energy company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View the latest news aboutOrmat Technologies.

Ormat Technologies saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 2,590,000 shares, an increase of 21.0% from the April 30th total of 2,140,000 shares. Based on an average daily trading volume, of 335,900 shares, the short-interest ratio is presently 7.7 days. Currently, 5.6% of the company's shares are sold short. View Ormat Technologies' Current Options Chain.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include AT&T (T), NVIDIA (NVDA), QUALCOMM (QCOM), Micron Technology (MU), Netflix (NFLX), Xilinx (XLNX), Applied Materials (AMAT), Cisco Systems (CSCO), Home Depot (HD) and Intel (INTC).

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

Ormat Technologies' stock is owned by a number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.73%), Impax Asset Management Group plc (2.95%), State Street Corp (1.75%), Van Berkom & Associates Inc. (1.72%), Global Alpha Capital Management Ltd. (1.66%) and Geode Capital Management LLC (1.26%). 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 Global Alpha Capital Management Ltd., Morgan Stanley, Morgan Stanley, Jane Street Group LLC, Invesco Ltd., Personal Capital Advisors Corp, UBS Group AG, and Harel Insurance Investments & Financial Services Ltd.. 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 activity for Ormat Technologies.

ORA stock was acquired by a variety of institutional investors in the last quarter, including Van Berkom & Associates Inc., BlackRock Inc., Van ECK Associates Corp, Assenagon Asset Management S.A., Meitav Dash Investments Ltd., AXA, State Street Corp, and Alps Advisors Inc.. View insider buying and selling activity 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 $71.35.

Ormat Technologies has a market capitalization of $3.64 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.

The official website for Ormat Technologies is 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]