Free Trial
NYSE:ORA

Ormat Technologies (ORA) Stock Price, News & Analysis

Ormat Technologies logo
$79.00
-1.15 (-1.43%)
(As of 10/31/2024 ET)

About Ormat Technologies Stock (NYSE:ORA)

Key Stats

Today's Range
$78.97
$80.41
50-Day Range
$72.01
$81.45
52-Week Range
$58.73
$82.39
Volume
414,581 shs
Average Volume
434,462 shs
Market Capitalization
$4.78 billion
P/E Ratio
36.07
Dividend Yield
0.61%
Price Target
$81.67
Consensus Rating
Moderate Buy

Company Overview

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in 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 and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; 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 battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

Ormat Technologies Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
75th Percentile Overall Score

ORA MarketRank™: 

Ormat Technologies scored higher than 75% of companies evaluated by MarketBeat, and ranked 110th out of 264 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Ormat Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    Ormat Technologies has only been the subject of 2 research reports in the past 90 days.

  • Read more about Ormat Technologies' stock forecast and price target.
  • Earnings Growth

    Earnings for Ormat Technologies are expected to grow by 23.56% in the coming year, from $1.91 to $2.36 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Ormat Technologies is 36.39, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.29.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Ormat Technologies is 36.39, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 17.68.

  • Price to Earnings Growth Ratio

    Ormat Technologies has a PEG Ratio of 4.12. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Ormat Technologies has a P/B Ratio of 1.97. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Ormat Technologies' valuation and earnings.
  • Percentage of Shares Shorted

    5.11% of the outstanding shares of Ormat Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Ormat Technologies has a short interest ratio ("days to cover") of 9.
  • Change versus previous month

    Short interest in Ormat Technologies has recently increased by 1.98%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Ormat Technologies has a dividend yield of 0.61%, which is in the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Ormat Technologies does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Ormat Technologies is 21.92%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Ormat Technologies will have a dividend payout ratio of 20.34% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

  • Read more about Ormat Technologies' dividend.
  • Percentage of Shares Shorted

    5.11% of the outstanding shares of Ormat Technologies have been sold short.
  • Short Interest Ratio / Days to Cover

    Ormat Technologies has a short interest ratio ("days to cover") of 9.
  • Change versus previous month

    Short interest in Ormat Technologies has recently increased by 1.98%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Ormat Technologies has a news sentiment score of -0.33. 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 lower news sentiment than the 0.48 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 13 news articles for Ormat Technologies this week, compared to 4 articles on an average week.
  • Search Interest

    Only 4 people have searched for ORA on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Ormat Technologies to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $127,361.00 in company stock.

  • Percentage Held by Insiders

    Only 0.46% of the stock of Ormat Technologies is held by insiders.

  • Percentage Held by Institutions

    95.49% of the stock of Ormat Technologies is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Ormat Technologies' insider trading history.
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.

ORA Stock News Headlines

Ormat Releases 2023 Sustainability Report
Roth Capital Cuts Earnings Estimates for Ormat Technologies
Ex WH Advisor Who Predicted Biden Leaving Race Makes Startling New Prediction
Former advisor to the CIA, the Pentagon and the White House Jim Rickards went on multiple TV news programs… A predicted Trump would win. You won’t believe what he’s predicting now.
Ormat Technologies commences commercial operation of Bottleneck facility
Roth Capital Has Pessimistic Outlook of ORA Q3 Earnings
See More Headlines

ORA Stock Analysis - Frequently Asked Questions

Ormat Technologies' stock was trading at $75.79 on January 1st, 2024. Since then, ORA stock has increased by 5.2% and is now trading at $79.70.
View the best growth stocks for 2024 here
.

Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings data on Tuesday, August, 6th. The energy company reported $0.40 earnings per share for the quarter, topping analysts' consensus estimates of $0.37 by $0.03. The business's revenue for the quarter was up 9.3% compared to the same quarter last year.

Ormat Technologies' top institutional shareholders include Impax Asset Management Group plc (3.73%), Van ECK Associates Corp (0.64%), Guinness Asset Management LTD (0.60%) and Portman Square Capital LLP. Insiders that own company stock include Corp Orix, Isaac Angel, Doron Blachar, Byron G Wong, Shlomi Argas, Stanley Stern, David Granot, Dafna Sharir, Dan Falk and Shimon Hatzir.
View institutional ownership trends
.

Shares of ORA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Ormat Technologies investors own include American Water Works (AWK), Waste Connections (WCN), DiamondRock Hospitality (DRH), AUO (AUOTY), Humana (HUM), The RMR Group (RMR) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
8/06/2024
Ex-Dividend for 9/3 Dividend
8/20/2024
Dividend Payable
9/03/2024
Today
10/31/2024
Next Earnings (Confirmed)
11/06/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Electric services
Sub-Industry
Independent Power Producers & Energy Traders
CUSIP
68668810
Employees
1,576
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$81.67
High Stock Price Target
$100.00
Low Stock Price Target
$73.00
Potential Upside/Downside
+2.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$124.40 million
Pretax Margin
15.50%

Debt

Sales & Book Value

Annual Sales
$829.42 million
Cash Flow
$5.81 per share
Book Value
$40.44 per share

Miscellaneous

Free Float
60,175,000
Market Cap
$4.82 billion
Optionable
Optionable
Beta
0.53

Social Links

2025 Gold Forecast: A Perfect Storm for Demand Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report

This page (NYSE:ORA) was last updated on 10/31/2024 by MarketBeat.com Staff
From Our Partners