Ormat Technologies, Inc. (ORA)

Market Cap	4.80B
Revenue (ttm)	890.25M
Net Income (ttm)	118.64M
Shares Out	60.48M
EPS (ttm)	1.96
PE Ratio	40.53
Forward PE	37.64
Dividend	$0.48 (0.60%)
Ex-Dividend Date	Aug 20, 2024

Volume	240,472
Open	78.79
Previous Close	79.24
Day's Range	78.79 - 79.51
52-Week Range	59.41 - 84.30
Beta	0.53
Analysts	Buy
Price Target	84.50 (+6.45%)
Earnings Date	Nov 6, 2024

About 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 electr...

• Industry: Utilities - Renewable
• Sector: Utilities
• IPO Date: Nov 11, 2004
• Employees: 1,576
• Stock Exchange: NYSE
• Ticker Symbol: ORA
• Website: https://www.ormat.com

Financial Performance

In 2023, Ormat Technologies's revenue was $829.42 million, an increase of 12.98% compared to the previous year's $734.16 million. Earnings were $124.40 million, an increase of 88.94%.

Analyst Forecast

According to 6 analysts, the average rating for ORA stock is "Buy." The 12-month stock price forecast is $84.5, which is an increase of 6.45% from the latest price.

Price Target

$84.5

(6.45% upside)

Analyst Consensus: Buy