Ormat Technologies (ORA) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $74.94 to $75.83
• 50-Day Range: $71.71 to $78.16
• 52-Week Range: $58.73 to $78.51
• Volume: 878,591 shs
• Average Volume: 445,509 shs
• Market Capitalization: $4.56 billion
• P/E Ratio: 34.02
• Dividend Yield: 0.64%
• Price Target: $81.67
• Consensus Rating: Moderate Buy

Ormat Technologies Stock Analysis - MarketRank™

Ormat Technologies scored higher than 83% of companies evaluated by MarketBeat, and ranked 73rd out of 250 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.3 / 5
• Analyst Rating: Moderate Buy

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 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 26.47%

Earnings Growth

Earnings for Ormat Technologies are expected to grow by 26.47% in the coming year, from $2.04 to $2.58 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Ormat Technologies is 34.02, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.66.

Price to Earnings Ratio vs. Sector

The P/E ratio of Ormat Technologies is 34.02, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 11.98.

Price to Earnings Growth Ratio

Ormat Technologies has a PEG Ratio of 3.64. 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 1.87. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

4.63% 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 6.8.

Change versus previous month

Short interest in Ormat Technologies has recently increased by 0.72%, indicating that investor sentiment is decreasing.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Ormat Technologies has a dividend yield of 0.65%, 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 21.62%. 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 18.60% next year. This indicates that Ormat Technologies will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 4.5 / 5
• Environmental Score: 2.08

Percentage of Shares Shorted

4.63% 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 6.8.

Change versus previous month

Short interest in Ormat Technologies has recently increased by 0.72%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.93

News Sentiment

Ormat Technologies has a news sentiment score of 0.93. 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 higher news sentiment than the 0.57 average news sentiment score of Oils/Energy companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Ormat Technologies this week, compared to 3 articles on an average week.

Search Interest

Only 1 people have searched for ORA on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

Only 1 people have added Ormat Technologies to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

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 $32,436.00 in company stock.

Percentage Held by Insiders

Only 1.00% 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.

ORA Stock Analysis - Frequently Asked Questions

How have ORA shares performed this year?

Ormat Technologies' stock was trading at $75.79 at the start of the year. Since then, ORA shares have decreased by 0.3% and is now trading at $75.53.
View the best growth stocks for 2024 here.

How were Ormat Technologies' earnings last quarter?

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

Who are Ormat Technologies' major shareholders?

Ormat Technologies' top institutional shareholders include Impax Asset Management Group plc (3.85%), Dimensional Fund Advisors LP (2.40%), Van Berkom & Associates Inc. (2.19%) and Bank of New York Mellon Corp (0.93%). Insiders that own company stock include Corp Orix, Isaac Angel, Doron Blachar, Shlomi Argas, Stanley Stern, David Granot, Dafna Sharir, Dan Falk and Shimon Hatzir.
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.

What other stocks do shareholders of Ormat Technologies own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Ormat Technologies investors own include QUALCOMM (QCOM), NVIDIA (NVDA), Micron Technology (MU), AT&T (T), Intel (INTC), Xilinx (XLNX) and Tesla (TSLA).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 9/3 Dividend: 8/20/2024
• Dividend Payable: 9/03/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/13/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Oils/Energy
• Industry: Electric services
• Sub-Industry: Independent Power Producers & Energy Traders
• Current Symbol: NYSE:ORA
• CUSIP: 68668810
• CIK: 1296445
• Web: www.ormat.com
• Phone: (775) 356-9029
• Fax: 775-356-9039
• 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: +9.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $2.22
• Trailing P/E Ratio: 33.72
• Forward P/E Ratio: 36.70
• P/E Growth: 3.64
• Net Income: $124.40 million
• Net Margins: 14.89%
• Pretax Margin: 15.50%
• Return on Equity: 5.40%
• Return on Assets: 2.50%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 0.97
• Quick Ratio: 0.89

Sales & Book Value

• Annual Sales: $886.53 million
• Price / Sales: 5.10
• Cash Flow: $5.79 per share
• Price / Cash Flow: 12.92
• Book Value: $40.44 per share
• Price / Book: 1.85

Miscellaneous

• Outstanding Shares: 60,422,000
• Free Float: 59,818,000
• Market Cap: $4.52 billion
• Optionable: Optionable
• Beta: 0.53