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NYSE:ORA

Ormat Technologies (ORA) Stock Price, News & Analysis

$62.31
+0.20 (+0.32%)
(As of 09:33 AM ET)
Today's Range
$62.30
$62.74
50-Day Range
$59.96
$68.82
52-Week Range
$58.73
$88.64
Volume
12,652 shs
Average Volume
461,690 shs
Market Capitalization
$3.76 billion
P/E Ratio
29.81
Dividend Yield
0.77%
Price Target
$81.00

Ormat Technologies MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
30.0% Upside
$81.00 Price Target
Short Interest
Bearish
5.45% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
2.08
Upright™ Environmental Score
News Sentiment
0.64mentions of Ormat Technologies in the last 14 days
Based on 4 Articles This Week
Insider Trading
Selling Shares
$122,184 Sold Last Quarter
Proj. Earnings Growth
9.09%
From $2.20 to $2.40 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Oils/Energy Sector

29th out of 235 stocks

Electric Services Industry

11th out of 41 stocks

ORA stock logo

About Ormat Technologies Stock (NYSE:ORA)

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.

ORA Stock Price History

ORA Stock News Headlines

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ORA Apr 2024 70.000 call
ORA Apr 2024 60.000 put
Q4 2023 Ormat Technologies Inc Earnings Call
Ormat Technologies Stock (NYSE:ORA) Insider Trades
See More Headlines
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Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/20 Dividend
3/05/2024
Dividend Payable
3/20/2024
Today
4/18/2024
Next Earnings (Confirmed)
5/08/2024
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
$81.00
High Stock Price Target
$92.00
Low Stock Price Target
$70.00
Potential Upside/Downside
+30.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

Net Income
$124.40 million
Pretax Margin
16.77%

Debt

Sales & Book Value

Annual Sales
$829.42 million
Cash Flow
$5.95 per share
Book Value
$40.44 per share

Miscellaneous

Free Float
59,796,000
Market Cap
$3.75 billion
Optionable
Optionable
Beta
0.48
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Key Executives


ORA Stock Analysis - Frequently Asked Questions

Should I buy or sell Ormat Technologies stock right now?

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

What is Ormat Technologies' stock price target for 2024?

6 Wall Street analysts have issued 1 year price objectives for Ormat Technologies' stock. Their ORA share price targets range from $70.00 to $92.00. On average, they anticipate the company's share price to reach $81.00 in the next twelve months. This suggests a possible upside of 30.0% from the stock's current price.
View analysts price targets for ORA
or view top-rated stocks among Wall Street analysts.

How have ORA shares performed in 2024?

Ormat Technologies' stock was trading at $75.79 at the beginning of the year. Since then, ORA stock has decreased by 17.8% and is now trading at $62.31.
View the best growth stocks for 2024 here
.

When is Ormat Technologies' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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, May 9th 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 quarterly earnings results on Wednesday, February, 21st. The energy company reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.07. The energy company had revenue of $241.30 million for the quarter, compared to analysts' expectations of $239.71 million. Ormat Technologies had a trailing twelve-month return on equity of 5.09% and a net margin of 15.00%. Ormat Technologies's revenue was up 17.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share.

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

Ormat Technologies announced a quarterly dividend on Wednesday, February 21st. Shareholders of record on Wednesday, March 6th will be paid a dividend of $0.12 per share on Wednesday, March 20th. This represents a $0.48 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Tuesday, March 5th.
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 0.80%. The dividend payout ratio is 22.97%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ORA will have a dividend payout ratio of 20.00% 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 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $860.0 million-$910.0 million, compared to the consensus revenue estimate of $910.2 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).

Who are Ormat Technologies' major shareholders?

Ormat Technologies' stock is owned by a variety of institutional and retail investors. Top institutional investors include Guinness Asset Management LTD (0.73%), Portman Square Capital LLP (0.00%), Bridge Creek Capital Management LLC (0.06%), Guinness Atkinson Asset Management Inc (0.02%), Ballentine Partners LLC (0.01%) and Banque Cantonale Vaudoise (0.00%). Insiders that own company stock include Corp Orix, Dafna Sharir, Dan Falk, David Granot, Doron Blachar, Isaac Angel, Shimon Hatzir, Shlomi Argas and Stanley Stern.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ORA) was last updated on 4/18/2024 by MarketBeat.com Staff

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