NYSE:ORA Ormat Technologies (ORA) Stock Price, News & Analysis → Biden FINISHED On June 13th? (From Paradigm Press) (Ad) Free ORA Stock Alerts $73.25 +2.60 (+3.68%) (As of 05/14/2024 ET) Add Compare Share Share Today's Range$71.65▼$73.6450-Day Range$59.96▼$73.2552-Week Range$58.73▼$88.26Volume711,466 shsAverage Volume476,685 shsMarket Capitalization$4.42 billionP/E Ratio33.00Dividend Yield0.66%Price Target$84.29 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainabilityStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability Get Ormat Technologies alerts: Email Address Ormat Technologies MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside15.1% Upside$84.29 Price TargetShort InterestHealthy4.57% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainability2.08Upright™ Environmental ScoreNews Sentiment0.11Based on 20 Articles This WeekInsider TradingSelling Shares$122,184 Sold Last QuarterProj. Earnings Growth9.09%From $2.20 to $2.40 Per ShareSee Full Details Hide Full Details 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.4.46 out of 5 starsOils/Energy Sector104th out of 730 stocksElectric Services Industry25th out of 126 stocks 2.3 Analyst's Opinion Consensus RatingOrmat Technologies has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.Amount of Analyst CoverageOrmat Technologies has only been the subject of 3 research reports in the past 90 days.Read more about Ormat Technologies' stock forecast and price target. Previous Next 4.0 Short Interest Percentage of Shares Shorted4.57% of the outstanding shares of Ormat Technologies have been sold short.Short Interest Ratio / Days to CoverOrmat Technologies has a short interest ratio ("days to cover") of 5.7.Change versus previous monthShort interest in Ormat Technologies has recently decreased by 6.76%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend YieldOrmat Technologies has a dividend yield of 0.70%, 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 21.62%. 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 20.00% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.Read more about Ormat Technologies' 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 1.7 News and Social Media Coverage News SentimentOrmat Technologies has a news sentiment score of 0.11. 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 0.52 average news sentiment score of Oils/Energy companies.News Coverage This WeekMarketBeat has tracked 20 news articles for Ormat Technologies this week, compared to 3 articles on an average week.Search InterestOnly 1 people have searched for ORA on MarketBeat 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 $122,184.00 in company stock.Percentage Held by InsidersOnly 1.00% of the stock of Ormat Technologies is held by insiders.Percentage Held by Institutions95.49% 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. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Ormat Technologies are expected to grow by 9.09% in the coming year, from $2.20 to $2.40 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ormat Technologies is 33.00, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 138.23.Price to Earnings Ratio vs. SectorThe P/E ratio of Ormat Technologies is 33.00, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 15.21.Price to Earnings Growth RatioOrmat Technologies has a PEG Ratio of 3.19. 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 1.81. 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. Previous Next See Top Rated MarketRank™ Stocks Here Ad Banyan Hill PublishingREAD THIS – If You Missed Out On The AI BoomAdam’s research shows a radical new technology is set to grow 10X faster than the internet … and drastically alter manufacturing, healthcare, agriculture … even energy. Nvidia’s CEO said it will be, “flat out, the biggest [tech] revolution ever.”Click on Adam's shiny forehead for more details. 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.Read More ORA Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart ORA Stock News HeadlinesMay 14 at 3:42 AM | americanbankingnews.comOrmat Technologies (NYSE:ORA) Given New $76.00 Price Target at TD CowenMay 13 at 4:21 PM | finance.yahoo.com15 Countries that Produce the Most Geothermal Energy in the WorldMay 13 at 1:41 PM | investorplace.comEnergy's Geopolitical Jackpot: 7 Stocks to Ride the Tightening ScrewsMay 10, 2024 | finance.yahoo.comOrmat Technologies, Inc. (NYSE:ORA) Q1 2024 Earnings Call TranscriptMay 10, 2024 | finance.yahoo.comOrmat Technologies Inc. Reports Strong Q1 2024 Results, Surpassing Analyst ExpectationsMay 10, 2024 | finance.yahoo.comQ1 2024 Ormat Technologies Inc Earnings CallMay 9, 2024 | markets.businessinsider.comOppenheimer Reaffirms Their Buy Rating on Ormat Techno (ORA)May 9, 2024 | finanznachrichten.deOrmat Technologies, Inc.: Ormat Technologies Reports First Quarter 2024 Financial ResultsMay 8, 2024 | globenewswire.comOrmat Technologies Reports First Quarter 2024 Financial ResultsMay 7, 2024 | markets.businessinsider.comOrmat Technologies earnings: here's what Wall Street expectsMay 7, 2024 | msn.comOrmat Technologies Q1 2024 Earnings PreviewMay 1, 2024 | tmcnet.comOra, Inc. to showcase latest technologies and research at ARVO 2024, convene groundbreaking ophthalmic symposium Dry HorizonsApril 22, 2024 | investorplace.com7 Alternative Energy Stocks to Buy on the Fossil Fuel FalloutApril 17, 2024 | finance.yahoo.com78% earnings growth over 1 year has not materialized into gains for Ormat Technologies (NYSE:ORA) shareholders over that periodApril 15, 2024 | msn.comIsrael stocks lower at close of trade; TA 35 down 1.23%April 10, 2024 | nasdaq.comMartin Zweig Detailed Fundamental Analysis - ORAApril 9, 2024 | finance.yahoo.comOrmat Technologies, Inc. to Host Conference Call Announcing First Quarter 2024 Financial ResultsApril 1, 2024 | finance.yahoo.comDirector Stanley Stern Sells Shares of Ormat Technologies Inc (ORA)March 21, 2024 | finance.yahoo.comOrmat Technologies, Inc.'s (NYSE:ORA) Fundamentals Look Pretty Strong: Could The Market Be Wrong About The Stock?March 13, 2024 | finance.yahoo.comORA Apr 2024 70.000 callMarch 13, 2024 | finance.yahoo.comORA Apr 2024 60.000 putMarch 9, 2024 | seekingalpha.comOrmat Technologies: An Expensive Vertically Integrated GemMarch 3, 2024 | investorplace.comGet Your Green With These 3 Renewable Energy Stock PicksFebruary 26, 2024 | markets.businessinsider.comAnalysts Offer Insights on Utilities Companies: Ormat Techno (ORA) and CLP Holdings (OtherCLPHF)February 26, 2024 | realmoney.thestreet.comOrmat Technologies price target lowered by $2 at Roth MKM, here's whySee More Headlines 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 Company Calendar Last Earnings2/21/2024Ex-Dividend for 3/20 Dividend3/05/2024Dividend Payable3/20/2024Today5/14/2024Ex-Dividend for 6/5 Dividend5/21/2024Dividend Payable6/05/2024Next Earnings (Estimated)8/07/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorOils/Energy Industry Electric services Sub-IndustryIndependent Power Producers & Energy Traders Current SymbolNYSE:ORA CUSIP68668810 CIK1296445 Webwww.ormat.com Phone(775) 356-9029Fax775-356-9039Employees1,576Year FoundedN/APrice Target and Rating Average Stock Price Target$84.29 High Stock Price Target$100.00 Low Stock Price Target$73.00 Potential Upside/Downside+11.1%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)$2.22 Trailing P/E Ratio33.10 Forward P/E Ratio33.40 P/E Growth3.19Net Income$124.40 million Net Margins15.43% Pretax Margin15.71% Return on Equity5.45% Return on Assets2.55% Debt Debt-to-Equity Ratio0.73 Current Ratio1.12 Quick Ratio1.02 Sales & Book Value Annual Sales$868.36 million Price / Sales5.11 Cash Flow$6.00 per share Price / Cash Flow12.24 Book Value$40.44 per share Price / Book1.82Miscellaneous Outstanding Shares60,400,000Free Float60,122,000Market Cap$4.44 billion OptionableOptionable Beta0.48 12 Stocks Corporate Insiders are AbandoningIf a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?Get This Free Report Key ExecutivesMr. Doron Blachar (Age 56)Chief Executive Officer Comp: $1.26MMr. Assaf Ginzburg (Age 49)Chief Financial Officer Comp: $753.44kMs. Jessica Woelfel (Age 47)General Counsel, Chief Compliance Officer & Corporate Secretary Comp: $568.18kMr. Shimon Hatzir (Age 62)Executive Vice President of Electricity Segment Comp: $669.65kMr. Ofer Ben Yosef (Age 60)Executive Vice President of Energy Storage & Business Development Comp: $560.37kMs. Smadar LaviVice President, Head of Investor Relations & ESG Planning and ReportingMs. Liza TavoriExecutive Vice President of Human ResourcesMs. Nirit GrushkoSenior Vice President of Engineering, R&D Innovation & QEHSMr. Elad ZalkinSenior Vice President of Projects, Business Excellence, Planning & ControlMore ExecutivesKey CompetitorsClearway EnergyNYSE:CWENBrookfield RenewableNYSE:BEPCNextEra Energy PartnersNYSE:NEPAtlantica Sustainable InfrastructureNASDAQ:AYReNew Energy GlobalNASDAQ:RNWView All CompetitorsInsiders & InstitutionsHealthcare of Ontario Pension Plan Trust FundBought 19,797 shares on 5/14/2024Ownership: 0.240%American International Group Inc.Sold 1,392 shares on 5/14/2024Ownership: 0.161%CANADA LIFE ASSURANCE CoBought 1,007 shares on 5/14/2024Ownership: 0.092%Advisors Asset Management Inc.Sold 392 shares on 5/14/2024Ownership: 0.017%EntryPoint Capital LLCBought 748 shares on 5/14/2024Ownership: 0.001%View All Insider TransactionsView All Institutional Transactions ORA Stock Analysis - Frequently Asked Questions Should I buy or sell Ormat Technologies stock right now? 7 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 4 buy ratings for the stock. The consensus among Wall Street 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? 7 brokers have issued 1-year price targets for Ormat Technologies' stock. Their ORA share price targets range from $73.00 to $100.00. On average, they expect the company's stock price to reach $84.29 in the next year. This suggests a possible upside of 15.1% 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 start of the year. Since then, ORA stock has decreased by 3.4% and is now trading at $73.25. 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, August 7th 2024. View our ORA earnings forecast. How were Ormat Technologies' earnings last quarter? Ormat Technologies, Inc. (NYSE:ORA) issued its quarterly earnings data on Wednesday, February, 21st. The energy company reported $0.67 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.07. The energy company earned $241.30 million during the quarter, compared to analyst estimates of $239.71 million. Ormat Technologies had a net margin of 15.43% and a trailing twelve-month return on equity of 5.45%. The firm's revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.73 EPS. How often does Ormat Technologies pay dividends? What is the dividend yield for Ormat Technologies? Ormat Technologies declared a quarterly dividend on Wednesday, May 8th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.12 per share on Wednesday, June 5th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Tuesday, May 21st. 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 0.70%. The dividend payout ratio is 21.62%. 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 ETFs hold Ormat Technologies' stock? ETFs with the largest weight of Ormat Technologies (NYSE:ORA) stock in their portfolio include ALPS Clean Energy ETF (ACES), ProShares S&P Kensho Cleantech ETF (CTEX), Global X Renewable Energy Producers ETF (RNRG), SmartETFs Sustainable Energy II ETF (SOLR), SPDR S&P Kensho Clean Power ETF (CNRG), Xtrackers US Green Infrastructure Select Equity ETF (UPGR), Fidelity Clean Energy ETF (FRNW) and VanEck Green Infrastructure ETF (RNEW). What guidance has Ormat Technologies issued on next quarter's earnings? Ormat Technologies updated its FY 2024 earnings guidance on Wednesday, May, 8th. 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 $888.2 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.92%), Global Alpha Capital Management Ltd. (3.80%), Guinness Asset Management LTD (0.73%), Van ECK Associates Corp (0.70%), Portman Square Capital LLP (0.00%) and Trillium Asset Management LLC (0.54%). 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 5/14/2024 by MarketBeat.com Staff From Our PartnersDid Intel Just Dethrone Nvidia?Chaikin AnalyticsClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsCharles Payne Demystifies OptionsUnstoppable ProsperityRevolutionizing the Green Energy Space and Building Shareholder Value Along the WaySmall Cap SniperTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaForget Bitcoin. 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