Ormat Technologies (ORA) Projected to Post Earnings on Wednesday

Ormat Technologies (NYSE:ORA) is expected to be releasing its Q2 2025 earnings data after the market closes on Wednesday, August 6th. Analysts expect Ormat Technologies to post earnings of $0.40 per share and revenue of $225.26 million for the quarter. Ormat Technologies has set its FY 2025 guidance at EPS.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Wednesday, May 7th. The energy company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Ormat Technologies had a return on equity of 5.35% and a net margin of 14.18%. The firm had revenue of $229.76 million for the quarter, compared to analysts’ expectations of $228.33 million. During the same period in the previous year, the firm earned $0.64 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. On average, analysts expect Ormat Technologies to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Ormat Technologies Stock Down 0.8%

ORA stock opened at $88.71 on Monday. Ormat Technologies has a twelve month low of $61.58 and a twelve month high of $91.81. The company has a quick ratio of 0.90, a current ratio of 0.97 and a debt-to-equity ratio of 0.77. The stock has a market cap of $5.38 billion, a P/E ratio of 43.06, a PEG ratio of 4.28 and a beta of 0.68. The business’s 50-day moving average price is $83.53 and its 200-day moving average price is $74.35.

Ormat Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, May 21st. Ormat Technologies’s dividend payout ratio (DPR) is 23.30%.

Insider Activity

In other news, Director Byron G. Wong sold 460 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $84.04, for a total transaction of $38,658.40. Following the transaction, the director owned 8,659 shares of the company’s stock, valued at approximately $727,702.36. The trade was a 5.04% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director David Granot sold 950 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $73.10, for a total value of $69,445.00. Following the transaction, the director directly owned 2,713 shares in the company, valued at approximately $198,320.30. This represents a 25.94% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,329 shares of company stock worth $423,443. Company insiders own 0.56% of the company’s stock.

Hedge Funds Weigh In On Ormat Technologies

Several hedge funds have recently bought and sold shares of the business. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Ormat Technologies by 22.8% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 234,467 shares of the energy company’s stock worth $16,593,000 after buying an additional 43,483 shares during the period. AQR Capital Management LLC lifted its holdings in shares of Ormat Technologies by 324.1% in the 1st quarter. AQR Capital Management LLC now owns 24,918 shares of the energy company’s stock worth $1,740,000 after buying an additional 19,043 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Ormat Technologies by 10.5% in the 1st quarter. Intech Investment Management LLC now owns 24,592 shares of the energy company’s stock worth $1,740,000 after buying an additional 2,329 shares during the period. Empowered Funds LLC lifted its holdings in shares of Ormat Technologies by 7.3% in the 1st quarter. Empowered Funds LLC now owns 4,201 shares of the energy company’s stock worth $297,000 after buying an additional 286 shares during the period. Finally, United Services Automobile Association purchased a new stake in shares of Ormat Technologies in the 1st quarter worth $243,000. Institutional investors own 95.49% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on ORA shares. Baird R W raised shares of Ormat Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 30th. Robert W. Baird raised Ormat Technologies from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $87.00 to $103.00 in a research note on Wednesday, July 30th. Wall Street Zen raised Ormat Technologies from a “sell” rating to a “hold” rating in a research note on Monday, April 7th. Barclays lifted their price objective on Ormat Technologies from $86.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 10th. Finally, UBS Group lifted their price objective on Ormat Technologies from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Ormat Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $91.25.

About Ormat Technologies

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.