Q3 EPS Forecast for Ormat Technologies Lowered by Analyst

Ormat Technologies, Inc. (NYSE:ORA - Free Report) - Roth Capital dropped their Q3 2025 EPS estimates for Ormat Technologies in a report released on Thursday, February 27th. Roth Capital analyst J. Clare now anticipates that the energy company will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.45. The consensus estimate for Ormat Technologies' current full-year earnings is $1.94 per share. Roth Capital also issued estimates for Ormat Technologies' FY2025 earnings at $2.12 EPS and FY2026 earnings at $2.45 EPS.

Other analysts have also issued reports about the company. Jefferies Financial Group upgraded Ormat Technologies from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $73.00 to $78.00 in a research report on Thursday, February 20th. Roth Mkm reiterated a "buy" rating and set a $92.00 price target (up previously from $87.00) on shares of Ormat Technologies in a research report on Friday, November 8th. Piper Sandler began coverage on shares of Ormat Technologies in a research note on Thursday, December 19th. They set a "neutral" rating and a $78.00 price target for the company. Oppenheimer raised their price objective on shares of Ormat Technologies from $86.00 to $91.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a "neutral" rating in a research report on Friday, February 28th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $82.88.

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Ormat Technologies Trading Down 0.2 %

Shares of ORA stock traded down $0.16 on Monday, reaching $69.32. 437,570 shares of the stock were exchanged, compared to its average volume of 465,725. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87. Ormat Technologies has a one year low of $59.41 and a one year high of $84.30. The stock has a market cap of $4.19 billion, a PE ratio of 35.36, a P/E/G ratio of 3.18 and a beta of 0.57. The stock has a 50 day moving average price of $66.45 and a 200 day moving average price of $73.11.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Pacer Advisors Inc. raised its holdings in shares of Ormat Technologies by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 8,026 shares of the energy company's stock worth $544,000 after acquiring an additional 160 shares during the period. Bailard Inc. raised its stake in shares of Ormat Technologies by 0.9% in the 4th quarter. Bailard Inc. now owns 19,446 shares of the energy company's stock valued at $1,317,000 after purchasing an additional 169 shares during the period. Securian Asset Management Inc. lifted its holdings in shares of Ormat Technologies by 5.1% in the fourth quarter. Securian Asset Management Inc. now owns 4,354 shares of the energy company's stock valued at $295,000 after purchasing an additional 212 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Ormat Technologies by 180.3% in the third quarter. Blue Trust Inc. now owns 356 shares of the energy company's stock valued at $26,000 after purchasing an additional 229 shares in the last quarter. Finally, Versant Capital Management Inc boosted its position in shares of Ormat Technologies by 132.4% during the fourth quarter. Versant Capital Management Inc now owns 402 shares of the energy company's stock worth $27,000 after buying an additional 229 shares during the period. Institutional investors own 95.49% of the company's stock.

Insiders Place Their Bets

In other news, major shareholder Corp Orix sold 3,700,000 shares of Ormat Technologies stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $75.38, for a total transaction of $278,906,000.00. Following the transaction, the insider now owns 2,976,077 shares in the company, valued at $224,336,684.26. The trade was a 55.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director David Granot sold 1,666 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $69.00, for a total value of $114,954.00. Following the sale, the director now directly owns 1,910 shares of the company's stock, valued at approximately $131,790. The trade was a 46.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.00% of the company's stock.

Ormat Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Wednesday, March 12th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Wednesday, March 12th. Ormat Technologies's payout ratio is presently 23.53%.

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.