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 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 quarterly earnings results on Tuesday, August, 4th. The energy company reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.38 by $0.07. The energy company earned $174.90 million during the quarter, compared to the consensus estimate of $168.63 million. Ormat Technologies had a return on equity of 5.06% and a net margin of 10.59%. The firm's quarterly revenue was down 5.0% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS.
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Ormat Technologies announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Tuesday, August 18th will be paid a dividend of $0.11 per share on Tuesday, September 1st. This represents a $0.44 annualized dividend and a dividend 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 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 equities research analysts have issued 1-year price objectives for Ormat Technologies' shares. Their forecasts range from $73.00 to $82.00. On average, they anticipate Ormat Technologies' stock 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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Media headlines about ORA stock have trended positive recently, InfoTrie Sentiment Analysis reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ormat Technologies earned a news sentiment score of 2.8 on InfoTrie's scale. They also assigned 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 effect on the stock's share price in the immediate future.
View the latest news about Ormat Technologies.

Ormat Technologies saw a increase in short interest in the month of 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 daily volume of 154,400 shares, the days-to-cover ratio is presently 3.9 days. Approximately 1.3% of the shares of the stock 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 a number of institutional and retail 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.
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ORA stock was acquired 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]