NYSE:ORAOrmat Technologies Stock Price, Forecast & News

$62.72

-0.95 (-1.49 %)

(As of 04/3/2020 04:00 PM ET)

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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.

Beat the Market (BTM) Rank^™

2.0 Analyst's Opinion

Consensus Rating
Ormat Technologies has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $75.67, Ormat Technologies has a potential upside of 20.6% from its current price of $62.72.
Amount of Analyst Coverage
Ormat Technologies has received no research coverage in the past 90 days.

2.2 Community Rank

Outperform Votes
Ormat Technologies has received 278 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Ormat Technologies has received 343 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Ormat Technologies has received 55.23% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Ormat Technologies and other stocks. Vote “Outperform” if you believe ORA will outperform the S&P 500 over the long term. Vote “Underperform” if you believe ORA will underperform the S&P 500 over the long term. You may vote once every thirty days.

3.3 Dividend Strength

Dividend Leadership
Ormat Technologies is a leading dividend payer. It pays a dividend yield of 0.69%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ormat Technologies does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ormat Technologies is 30.14 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 19.30 % next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ormat Technologies insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.63% of the stock of Ormat Technologies is held by insiders.
Percentage Held by Institutions
70.21% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Ormat Technologies are expected to grow by 22.58% in the coming year, from $1.86 to $2.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ormat Technologies is 36.68, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.23.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ormat Technologies is 36.68, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 10.74.
Price to Earnings Growth Ratio
Ormat Technologies has a PEG Ratio of 3.14. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Ormat Technologies has a P/B Ratio of 2.11. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.96 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Electric services

Sub-IndustryIndependent Power Producers & Energy Traders

SectorOils/Energy

Current SymbolNYSE:ORA

Previous Symbol

CUSIP68668810

CIK1296445

Webhttp://www.ormat.com/

Phone775-356-9029

Debt

Debt-to-Equity Ratio0.68

Current Ratio1.10

Quick Ratio1.01

Price-To-Earnings

Trailing P/E Ratio36.68

Forward P/E Ratio33.72

P/E Growth3.14

Sales & Book Value

Annual Sales$746.04 million

Price / Sales4.29

Cash Flow$4.23 per share

Price / Cash Flow14.84

Book Value$29.72 per share

Price / Book2.11

Profitability

EPS (Most Recent Fiscal Year)$1.46

Net Income$88.10 million

Net Margins11.81%

Return on Equity5.01%

Return on Assets2.33%

Miscellaneous

Employees1,408

Outstanding Shares51,032,000

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

NYSE:ORAOrmat Technologies Stock Price, Forecast & News

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Beat the Market (BTM) Rank™

2.0 Analyst's Opinion

Consensus Rating

Price Target Upside/Downside

Amount of Analyst Coverage

2.2 Community Rank

Outperform Votes

Underperform Votes

Community Sentiment