NYSE:ORAOrmat Technologies Stock Price, Forecast & News

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. Since then, ORA stock has decreased by 2.7% and is now trading at $60.85.
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5 Wall Street 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, resulting in a consensus recommendation of "Hold."
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Ormat Technologies is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
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Ormat Technologies, Inc. (NYSE:ORA) released its earnings results on Tuesday, August, 4th. The energy company reported $0.45 EPS for the quarter, beating the Zacks' consensus estimate of $0.38 by $0.07. The energy company had revenue of $174.90 million for the quarter, compared to analysts' expectations of $168.63 million. Ormat Technologies had a return on equity of 5.06% and a net margin of 10.59%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS.
View Ormat Technologies' earnings history.

Ormat Technologies declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be given a dividend of $0.11 per share on Tuesday, September 1st. This represents a $0.44 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Monday, August 17th.
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Ormat Technologies updated its FY 2020 After-Hours earnings guidance on Tuesday, August, 4th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $710-725 million, compared to the consensus revenue estimate of $720.5 million.

5 Wall Street analysts have issued 1 year target prices for Ormat Technologies' shares. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' share price to reach $77.25 in the next twelve months. This suggests a possible upside of 27.0% from the stock's current price.
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Press coverage about ORA stock has trended positive this week, InfoTrie reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ormat Technologies earned a daily sentiment score of 2.8 on InfoTrie's scale. They also gave news stories about the energy company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
View the latest news about Ormat Technologies.

Ormat Technologies saw a increase in short interest in January. As of January 15th, there was short interest totaling 603,500 shares, an increase of 16.2% from the December 31st total of 519,500 shares. Based on an average trading volume of 154,400 shares, the short-interest ratio is currently 3.9 days. Approximately 1.3% of the company's shares are sold short.
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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).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ormat Technologies investors own include NVIDIA (NVDA), QUALCOMM (QCOM), AT&T (T), Micron Technology (MU), Xilinx (XLNX), Intel (INTC), Advanced Micro Devices (AMD), Home Depot (HD), Netflix (NFLX) and Taiwan Semiconductor Mfg. (TSM).

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

Ormat Technologies' stock is owned by many different retail and institutional investors. Top institutional investors include Phoenix Holdings Ltd. (1.19%), Harel Insurance Investments & Financial Services Ltd. (0.51%), Trillium Asset Management LLC (0.35%), Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD (0.35%), Alps Advisors Inc. (0.28%) and First Trust Advisors LP (0.28%). Company insiders that own Ormat Technologies stock include Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, David Granot, Lowe Brian, Nir Wolf, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
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ORA stock was sold by a variety of institutional investors in the last quarter, including Meitav Dash Investments Ltd., Mackay Shields LLC, Strs Ohio, UBS Group AG, US Bancorp DE, Clean Yield Group, Brasada Capital Management LP, and Bowling Portfolio Management LLC. Company insiders that have sold Ormat Technologies company stock in the last year include Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Ravit Barniv, Shlomi Argas, and Zvi Krieger.
View insider buying and selling activity for Ormat Technologies.

ORA stock was purchased by a variety of institutional investors in the last quarter, including Candriam Luxembourg S.C.A., Phoenix Holdings Ltd., Harel Insurance Investments & Financial Services Ltd., SG Americas Securities LLC, First Trust Advisors LP, Duality Advisers LP, Alps Advisors Inc., and Swiss National Bank.
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 $60.85.

Ormat Technologies has a market capitalization of $3.11 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]