NYSE:ORA

Ormat Technologies Stock Forecast, Price & News

$65.38
-2.81 (-4.12 %)
(As of 06/18/2021 12:00 AM ET)
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Today's Range
$64.94
$67.78
50-Day Range
$64.22
$80.81
52-Week Range
$53.44
$128.87
Volume831,084 shs
Average Volume746,480 shs
Market Capitalization$3.66 billion
P/E Ratio46.04
Dividend Yield0.70%
Beta0.32
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Ormat Technologies logo

About Ormat Technologies

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. The company operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, 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 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 Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.

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MarketRank

Overall MarketRank

2.12 out of 5 stars

Oils/Energy Sector

34th out of 687 stocks

Electric Services Industry

11th out of 79 stocks

Analyst Opinion: 3.2Community Rank: 2.2Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Ormat Technologies (NYSE:ORA) Frequently Asked Questions

Is Ormat Technologies a buy right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ormat Technologies in the last twelve months. There are currently 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Ormat Technologies stock. 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 analyst ratings for Ormat Technologies
or view top-rated stocks.

What stocks does MarketBeat like better than Ormat Technologies?

Wall Street analysts have given Ormat Technologies a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ormat Technologies wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Ormat Technologies' next earnings date?

Ormat Technologies is scheduled to release its next quarterly earnings announcement on Tuesday, August 3rd 2021.
View our earnings forecast for Ormat Technologies
.

How were Ormat Technologies' earnings last quarter?

Ormat Technologies, Inc. (NYSE:ORA) announced its quarterly earnings data on Wednesday, May, 5th. The energy company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.06. The energy company earned $166.35 million during the quarter, compared to analyst estimates of $165.73 million. Ormat Technologies had a net margin of 10.99% and a trailing twelve-month return on equity of 4.76%.
View Ormat Technologies' earnings history
.

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 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, ORA stock has increased by 4.5% and is now trading at $65.38.
View which stocks have been most impacted by COVID-19
.

How often does Ormat Technologies pay dividends? What is the dividend yield for Ormat Technologies?

Ormat Technologies announced a quarterly dividend on Wednesday, May 5th. Stockholders of record on Tuesday, May 18th will be given a dividend of $0.12 per share on Tuesday, June 1st. This represents a $0.48 annualized dividend and a yield of 0.73%. The ex-dividend date is Monday, May 17th.
View Ormat Technologies' dividend history
.

Is Ormat Technologies a good dividend stock?

Ormat Technologies pays an annual dividend of $0.48 per share and currently has a dividend yield of 0.70%. Ormat Technologies does not yet have a strong track record of dividend growth. The dividend payout ratio of Ormat Technologies is 29.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 24.37% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.
View Ormat Technologies' dividend history.

What guidance has Ormat Technologies issued on next quarter's earnings?

Ormat Technologies issued an update on its FY 2021 earnings guidance on Wednesday, May, 26th. The company provided earnings per share guidance of - for the period. The company issued revenue guidance of $645 million-$680 million, compared to the consensus revenue estimate of $670.57 million.

What price target have analysts set for ORA?

5 equities research analysts have issued 12-month price objectives for Ormat Technologies' shares. Their forecasts range from $72.00 to $100.00. On average, they anticipate Ormat Technologies' share price to reach $89.80 in the next twelve months. This suggests a possible upside of 37.4% from the stock's current price.
View analysts' price targets for Ormat Technologies
or view top-rated stocks among Wall Street analysts.

Who are Ormat Technologies' key executives?

Ormat Technologies' management team includes the following people:
  • Mr. Doron Blachar, Chief Exec. Officer (Age 53, Pay $747.02k)
  • Mr. Shlomi Argas, Pres and Head of Operations & Products (Age 56, Pay $595.3k)
  • Mr. Hezi Kattan, Gen. Counsel (Leave of Absence) (Age 45, Pay $498.95k)
  • Mr. Assaf Ginzburg, Chief Financial Officer (Age 46)
  • Ms. Smadar Lavi, VP Corp. Fin. & Head of Investor Relations
  • Ms. Jessica Woelfel, VP of US Legal & Interim Gen. Counsel
  • Ms. Liat Inbar-Arad, Sr. VP of HR (Age 55)
  • Mr. Shimon Hatzir, Exec. VP of Electricity Segment (Age 59)
  • Mr. Bob Sullivan, Exec. VP of Bus. Devel. (Age 58)
  • Mr. Ofer Benyosef, Exec. VP of Energy Storage & Bus. Devel. (Age 57)

What is Doron Blachar's approval rating as Ormat Technologies' CEO?

1 employees have rated Ormat Technologies CEO Doron Blachar on Glassdoor.com. Doron Blachar has an approval rating of 100% among Ormat Technologies' employees. This puts Doron Blachar in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Ormat Technologies' key competitors?

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), The 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 number of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (15.40%), Clal Insurance Enterprises Holdings Ltd (3.69%), Dimensional Fund Advisors LP (2.31%), Global Alpha Capital Management Ltd. (2.06%), Credit Suisse AG (1.66%) and Goldman Sachs Group Inc. (1.50%). Company insiders that own Ormat Technologies stock include Assi Ginzburg, Bob Sullivan, Byron G Wong, Dan Falk, David Granot, Lowe Brian, Ofer Benyosef, Ravit Barniv, Roberts Christopher, Shlomi Argas and Zvi Krieger.
View institutional ownership trends for Ormat Technologies
.

Which institutional investors are selling Ormat Technologies stock?

ORA stock was sold by a variety of institutional investors in the last quarter, including Clal Insurance Enterprises Holdings Ltd, Handelsbanken Fonder AB, Global Alpha Capital Management Ltd., Jane Street Group LLC, Psagot Investment House Ltd., Dimensional Fund Advisors LP, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD, and Jupiter Asset Management Ltd..
View insider buying and selling activity for Ormat Technologies
or view top insider-selling stocks.

Which institutional investors are buying Ormat Technologies stock?

ORA stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Credit Suisse AG, Schroder Investment Management Group, Goldman Sachs Group Inc., JPMorgan Chase & Co., Millennium Management LLC, Renaissance Technologies LLC, and LGT Capital Partners LTD.. Company insiders that have bought Ormat Technologies stock in the last two years include Assi Ginzburg, Ofer Benyosef, Roberts Christopher, and Zvi Krieger.
View insider buying and selling activity for Ormat Technologies
or or view top insider-buying stocks.

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 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 $65.38.

How much money does Ormat Technologies make?

Ormat Technologies has a market capitalization of $3.66 billion and generates $705.34 million in revenue each year. The energy company earns $85.46 million in net income (profit) each year or $1.65 on an earnings per share basis.

How many employees does Ormat Technologies have?

Ormat Technologies employs 1,402 workers across the globe.

What is Ormat Technologies' official website?

The official website for Ormat Technologies is www.ormat.com.

Where are Ormat Technologies' headquarters?

Ormat Technologies is headquartered at 6140 PLUMAS STREET, RENO NV, 89519.

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 6/19/2021 by MarketBeat.com Staff
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