Ormat Technologies - ORA Stock Forecast, Price & News

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last year. There are currently 2 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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3 Wall Street research analysts have issued 1 year target prices for Ormat Technologies' stock. Their ORA share price forecasts range from $75.00 to $97.00. On average, they expect the company's stock price to reach $88.25 in the next twelve months. This suggests that the stock has a possible downside of 9.2%.
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Ormat Technologies' stock was trading at $79.30 at the beginning of the year. Since then, ORA stock has increased by 22.5% and is now trading at $97.15.
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Ormat Technologies saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 5,790,000 shares, an increase of 23.5% from the June 30th total of 4,690,000 shares. Based on an average trading volume of 656,400 shares, the days-to-cover ratio is presently 8.8 days. Approximately 10.4% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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Ormat Technologies, Inc. (NYSE:ORA) posted its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 EPS for the quarter, topping analysts' consensus estimates 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 9.04% and a trailing twelve-month return on equity of 3.65%. During the same quarter in the prior year, the business posted $0.31 EPS.

Ormat Technologies declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Wednesday, August 17th will be paid a dividend of $0.12 per share on Wednesday, August 31st. This represents a $0.48 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Tuesday, August 16th.
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 0.50%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 42.48%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 24.24% 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, August, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $710.00 million-$735.00 million, compared to the consensus revenue estimate of $720.54 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 institutional and retail investors. Top institutional investors include Global Alpha Capital Management Ltd. (3.88%), Clal Insurance Enterprises Holdings Ltd (3.79%), Millennium Management LLC (1.39%), Van Berkom & Associates Inc. (1.35%), Meitav Dash Investments Ltd. (1.35%) and Group One Trading L.P. (0.00%). Insiders that own company stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dafna Sharir, Dan Falk, Doron Blachar, Isaac Angel, Lowe Brian, Ofer Benyosef, Ravit Barniv, Roberts Christopher, 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 $97.15.

Ormat Technologies (NYSE:ORA) has a market capitalization of $5.43 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.13 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.