NYSE:ORA Ormat Technologies - ORA Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ormat Technologies, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $93.02 +0.29 (+0.31%) (As of 02/7/2023 12:00 AM ET) Add Compare Share Share Today's Range$91.36▼$93.5350-Day Range$83.78▼$93.6052-Week Range$60.32▼$101.81Volume290,897 shsAverage Volume327,986 shsMarket Capitalization$5.21 billionP/E Ratio78.17Dividend Yield0.52%Price Target$90.00 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability Ormat Technologies MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside3.6% Downside$90.00 Price TargetShort InterestBearish7.42% of Float Sold ShortDividend StrengthWeakBased on Four FactorsSustainability+2.08Upright™ Environmental ScoreNews Sentiment1.34Based on 3 Articles This WeekInsider TradingSelling Shares$378.96 M Sold Last QuarterProj. Earnings Growth41.48%From $1.35 to $1.91 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.25 out of 5 starsOils/Energy Sector118th out of 235 stocksElectric Services Industry22nd out of 41 stocks 1.1 Analyst's Opinion Consensus RatingOrmat Technologies has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 1 buy rating, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $90.00, Ormat Technologies has a forecasted downside of 3.6% from its current price of $93.40.Amount of Analyst CoverageOrmat Technologies has only been the subject of 1 research reports in the past 90 days. Previous Next 2.0 Short Interest Percentage of Shares Shorted7.42% of the float of Ormat Technologies has been sold short.Short Interest Ratio / Days to CoverOrmat Technologies has a short interest ratio ("days to cover") of 8.6.Change versus previous monthShort interest in Ormat Technologies has recently decreased by 4.38%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend YieldOrmat Technologies has a dividend yield of 0.52%, which is in the bottom 25% of all stocks that pay dividends.Dividend GrowthOrmat Technologies does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ormat Technologies is 40.34%. This payout ratio is at a healthy, sustainable level, below 75%.Dividend SustainabilityBased on earnings estimates, Ormat Technologies will have a dividend payout ratio of 25.13% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend. Previous Next 4.5 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreOrmat Technologies has received a 69.88% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Operation of geothermal power plants", "Electricity produced with geothermal power", and "Geothermal power plant maintenance" products. See details.Environmental SustainabilityThe Environmental Impact score for Ormat Technologies is 2.08. Previous Next 3.5 News and Social Media Coverage News SentimentOrmat Technologies has a news sentiment score of 1.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 3 news articles for Ormat Technologies this week, compared to 2 articles on an average week.Search Interest10 people have searched for ORA on MarketBeat in the last 30 days. MarketBeat FollowsOnly 1 people have added Ormat Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ormat Technologies insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $378,959,334.00 in company stock.Percentage Held by InsidersOnly 1.30% of the stock of Ormat Technologies is held by insiders.Percentage Held by Institutions81.74% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Ormat Technologies are expected to grow by 41.48% in the coming year, from $1.35 to $1.91 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ormat Technologies is 78.49, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.77.Price to Earnings Ratio vs. SectorThe P/E ratio of Ormat Technologies is 78.49, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 45.53.Price to Earnings Growth RatioOrmat Technologies has a PEG Ratio of 4.84. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioOrmat Technologies has a P/B Ratio of 2.62. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Ormat Technologies (NYSE:ORA) StockOrmat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves 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.Read More Receive ORA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ormat Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address ORA Stock News HeadlinesJanuary 31, 2023 | americanbankingnews.comAnalysts Set Ormat Technologies, Inc. (NYSE:ORA) Target Price at $90.00January 25, 2023 | finance.yahoo.comOrmat Technologies, Inc. To Host Conference Call Announcing Fourth Quarter and Year End 2022 Financial ResultsFebruary 7, 2023 | Wall Street Watch Dogs (Ad)A gold storm is coming…“We are in the early stages of a mania – the calm before the storm.”...January 12, 2023 | finance.yahoo.comOrmat Secured a Financing Agreement for the Development of Ijen Geothermal ProjectDecember 20, 2022 | finance.yahoo.comPulling back 4.9% this week, Ormat Technologies' NYSE:ORA) five-year decline in earnings may be coming into investors focusDecember 9, 2022 | msn.comTuesday Is Your Last Chance To Buy Ormat Technologies Before The Dividend PayoutNovember 29, 2022 | benzinga.comOrmat Technologies Recent Insider ActivityNovember 25, 2022 | 247wallst.comJapan-Based Orix Corp Cuts Stake in Geothermal Company Ormat Tech After Q3 ResultsFebruary 7, 2023 | Wall Street Watch Dogs (Ad)The #1 Energy Stock to BuyThe next major energy revolution is unfolding right now. And it could hand early investors as much as 46,700% gains…November 23, 2022 | benzinga.comOrmat Technologies 10% Owner Trades Company's StockNovember 17, 2022 | seekingalpha.comHot Stocks: KSS, CPA climb on earnings news; GLBE drops on outlook; ORA declines on secondary stock offeringNovember 17, 2022 | seekingalpha.comBenson Hill among Energy/Material gainers; Equinox Gold and Ormat Technologies among losersNovember 17, 2022 | barrons.comPremarket Movers: Bath & Body Works, Ormat Technologies, Macy'sNovember 17, 2022 | finance.yahoo.comGeothermal Energy Stock Heats Up New Buy ZoneNovember 16, 2022 | finance.yahoo.comOrmat Announces Pricing of Upsized Public Offering of Common Stock on Behalf of Stockholder ORIX CorporationNovember 16, 2022 | finance.yahoo.comOrmat Announces Launch of Public Offering of Common Stock on Behalf of Stockholder ORIX CorporationNovember 11, 2022 | nasdaq.comEx-Dividend Reminder: Target, Consolidated Edison and Ormat TechnologiesNovember 10, 2022 | finance.yahoo.com12 Best Alternative Energy Stocks To Buy NowNovember 9, 2022 | finance.yahoo.comOrmat Technologies Third Quarter 2022 Earnings: Beats ExpectationsNovember 7, 2022 | finance.yahoo.comOrmat Technologies (ORA) Q3 Earnings Top, Revenues Rise Y/YNovember 6, 2022 | msn.comIsrael stocks higher at close of trade; TA 35 up 0.76%November 6, 2022 | finance.yahoo.comA Closer Look At Ormat Technologies, Inc.'s (NYSE:ORA) Uninspiring ROENovember 5, 2022 | seekingalpha.comOrmat Technologies, Inc. (ORA) Q3 2022 Earnings Call TranscriptNovember 4, 2022 | msn.comIsrael stocks lower at close of trade; TA 35 down 1.47%November 2, 2022 | finance.yahoo.comOrmat Technologies (ORA) Q3 Earnings and Revenues Beat EstimatesNovember 2, 2022 | finance.yahoo.comOrmat Technologies Reports Third Quarter 2022 Financial ResultsOctober 26, 2022 | finance.yahoo.comEarnings Preview: Ormat Technologies (ORA) Q3 Earnings Expected to DeclineSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive ORA Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ormat Technologies and its competitors with MarketBeat's FREE daily newsletter. Email Address ORA Company Calendar Last Earnings11/03/2021Ex-Dividend for 11/30 Dividend11/15/2022Dividend Payable11/30/2022Today2/07/2023Next Earnings (Confirmed)2/22/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Electric services Sub-IndustryIndependent Power Producers & Energy Traders SectorOils/Energy Current SymbolNYSE:ORA CUSIP68668810 CIK1296445 Webwww.ormat.com Phone(775) 356-9029Fax775-356-9039Employees1,385Year FoundedN/APrice Target and Rating Average Stock Price Forecast$90.00 High Stock Price Forecast$97.00 Low Stock Price Forecast$84.00 Forecasted Upside/Downside-3.2%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage5 Analysts Profitability EPS (Most Recent Fiscal Year)$1.19 Trailing P/E Ratio78.17 Forward P/E Ratio68.90 P/E Growth4.84Net Income$62.09 million Net Margins9.27% Pretax Margin17.35% Return on Equity3.69% Return on Assets1.65% Debt Debt-to-Equity Ratio0.80 Current Ratio1.28 Quick Ratio1.20 Sales & Book Value Annual Sales$663.08 million Price / Sales7.86 Cash Flow$4.72 per share Price / Cash Flow19.72 Book Value$35.69 per share Price / Book2.61Miscellaneous Outstanding Shares56,050,000Free Float55,319,000Market Cap$5.21 billion OptionableOptionable Beta0.49 Key ExecutivesDoron BlacharChief Executive OfficerShlomi ArgasPresidentAssi GinzburgChief Financial OfficerJessica WoelfelCompliance Officer & General CounselEtty RosnerSecretary & Senior Vice PresidentKey CompetitorsBrookfield RenewableNYSE:BEPCNextEra Energy PartnersNYSE:NEPClearway EnergyNYSE:CWENAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsHandelsbanken Fonder ABSold 203,202 shares on 2/7/2023Ownership: 0.787%Mitsubishi UFJ Kokusai Asset Management Co. Ltd.Bought 964 shares on 2/7/2023Ownership: 0.016%Shell Asset Management Co.Sold 418 shares on 2/7/2023Ownership: 0.004%Parallel Advisors LLCSold 129 shares on 2/6/2023Ownership: 0.001%Harvest Fund Management Co. LtdBought 361 shares on 2/6/2023Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions ORA Stock - Frequently Asked Questions Should I buy or sell Ormat Technologies stock right now? 5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 4 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. View ORA analyst ratings or view top-rated stocks. What is Ormat Technologies' stock price forecast for 2023? 5 analysts have issued 1 year price targets for Ormat Technologies' shares. Their ORA share price forecasts range from $84.00 to $97.00. On average, they anticipate the company's stock price to reach $90.00 in the next year. This suggests that the stock has a possible downside of 2.4%. View analysts price targets for ORA or view top-rated stocks among Wall Street analysts. How have ORA shares performed in 2023? Ormat Technologies' stock was trading at $86.48 on January 1st, 2023. Since then, ORA shares have increased by 6.6% and is now trading at $92.22. View the best growth stocks for 2023 here. When is Ormat Technologies' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023. View our ORA earnings forecast. How can I listen to Ormat Technologies' earnings call? Ormat Technologies will be holding an earnings conference call on Thursday, February 23rd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 647-362-9199 with passcode "9122486". How were Ormat Technologies' earnings last quarter? Ormat Technologies, Inc. (NYSE:ORA) announced its earnings results on Wednesday, November, 3rd. The energy company reported $0.32 earnings per share (EPS) for the quarter, topping the 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 net margin of 9.27% and a trailing twelve-month return on equity of 3.69%. During the same quarter last year, the business posted $0.31 earnings per share. How often does Ormat Technologies pay dividends? What is the dividend yield for Ormat Technologies? Ormat Technologies declared a quarterly dividend on Wednesday, November 2nd. Stockholders of record on Wednesday, November 16th will be paid a dividend of $0.12 per share on Wednesday, November 30th. This represents a $0.48 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend is Tuesday, November 15th. Read our dividend analysis for ORA. Is Ormat Technologies a good dividend stock? Ormat Technologies (NYSE:ORA) pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.52%. The dividend payout ratio is 40.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 25.13% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for ORA. What guidance has Ormat Technologies issued on next quarter's earnings? Ormat Technologies issued an update on its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $720.00 million-$735.00 million, compared to the consensus revenue estimate of $741.63 million. What is Doron Blachar's approval rating as Ormat Technologies' CEO? 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. 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 a variety of retail and institutional investors. Top institutional investors include Meitav Dash Investments Ltd. (1.60%), Handelsbanken Fonder AB (0.79%), Guinness Asset Management LTD (0.77%), LGT Capital Partners LTD. (0.66%), Assenagon Asset Management S.A. (0.29%) and Bank of Montreal Can (0.23%). Insiders that own company stock include Assi Ginzburg, Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Ofer Benyosef, Shimon Hatzir, Shlomi Argas, Stanley Stern and Zvi Krieger. View institutional ownership trends. How do I buy shares of Ormat Technologies? 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. Compare Top Brokerages Here. What is Ormat Technologies' stock price today? One share of ORA stock can currently be purchased for approximately $92.22. How much money does Ormat Technologies make? Ormat Technologies (NYSE:ORA) has a market capitalization of $5.17 billion and generates $663.08 million in revenue each year. The energy company earns $62.09 million in net income (profit) each year or $1.19 on an earnings per share basis. How many employees does Ormat Technologies have? The company employs 1,385 workers across the globe. How can I contact Ormat Technologies? 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. This page (NYSE:ORA) was last updated on 2/7/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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