Skip to main content

Ormat Technologies, Inc. (ORA)

NYSE: ORA · Delayed Price · USD
67.01
-1.42 (-2.08%)
Pre-market:Sep 20, 2021 8:12 AM EDT
68.43
2.37 (3.59%)
At close: Sep 17, 4:00 PM
Market Cap3.70B
Revenue (ttm)651.58M
Net Income (ttm)64.66M
Shares Out55.99M
EPS (ttm)1.20
PE Ratio57.26
Forward PE35.46
Dividend$0.47 (0.69%)
Ex-Dividend DateAug 17, 2021
Volume453,627
Open66.45
Previous Close66.06
Day's Range65.69 - 68.55
52-Week Range53.71 - 128.22
Beta0.32
AnalystsHold
Price Target80.33 (+17.4%)
Est. Earnings DateNov 2, 2021

About ORA

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. The company operates through 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, recovere...

IndustryIndependent Power and Renewable Electricity Producers
IPO DateNov 11, 2004
CEODoron Blachar
Employees1,402
Stock ExchangeNYSE
Ticker SymbolORA
Full Company Profile

Financial Performance

In 2020, ORA's revenue was $705.34 million, a decrease of -5.46% compared to the previous year's $746.04 million. Earnings were $85.46 million, a decrease of -3.00%.

Financial Statements

Analyst Forecast

According to 7 analysts, the average rating for ORA stock is "Hold." The 12-month stock price forecast is 80.33, which is an increase of 17.39% from the latest price.

Price Target
$80.33
(17.39% upside)
Analyst Consensus: Hold

News

Ormat Technologies (ORA) Up 2.8% Since Last Earnings Report: Can It Continue?

Ormat Technologies (ORA) reported earnings 30 days ago. What's next for the stock?

2 weeks ago - Zacks Investment Research

EQNR or ORA: Which Is the Better Value Stock Right Now?

EQNR vs. ORA: Which Stock Is the Better Value Option?

Other symbols:EQNR
2 weeks ago - Zacks Investment Research

EQNR vs. ORA: Which Stock Is the Better Value Option?

EQNR vs. ORA: Which Stock Is the Better Value Option?

Other symbols:EQNR
1 month ago - Zacks Investment Research

Ormat Technologies (ORA) Beats on Q2 Earnings, Ups Revenue View

Ormat Technologies' (ORA) Q2 revenues of $146.9 million miss the Zacks Consensus Estimate by a whisker and decline 16% on a year-over-year basis

1 month ago - Zacks Investment Research

Ormat Wins a Contract for Products to Support San Jacinto Geothermal Project in Nicaragua

Product Segment Backlog Grows as Market Continues to Improve Product Segment Backlog Grows as Market Continues to Improve

1 month ago - GlobeNewsWire

Ormat Signs 10 MW Long Term Resource Adequacy Agreement With Pacific Gas and Electric Company

Ormat Plans to Expand Pomona Complex by 20MW/40MWh Ormat Plans to Expand Pomona Complex by 20MW/40MWh

1 month ago - GlobeNewsWire

Polaris Infrastructure Announces Q2 2021 Results

TORONTO, Aug. 5, 2021 /PRNewswire/ - Polaris Infrastructure Inc. (TSX: PIF) ("Polaris Infrastructure" or the "Company"), a Toronto-based company engaged in the operation, acquisition and development of ...

1 month ago - PRNewsWire

Ormat Technologies (ORA) Surpasses Q2 Earnings Estimates

Ormat Technologies (ORA) delivered earnings and revenue surprises of 9.52% and -0.35%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

1 month ago - Zacks Investment Research

Ormat Technologies: Q2 Earnings Insights

Shares of Ormat Technologies (NYSE:ORA) fell in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share fell 48.89% year over year to $0.23, which missed the est...

1 month ago - Benzinga

Ormat Technologies Reports Second Quarter 2021 Financial Results

Continues to Deliver Top Line Growth in Electricity and Energy Storage Segments

1 month ago - GlobeNewsWire

Polaris Infrastructure Signs Binary Unit Contract

TORONTO, Aug. 4, 2021 /PRNewswire/ - Polaris Infrastructure Inc. (TSX: PIF) ("Polaris Infrastructure" or the "Company"), a Toronto-based company engaged in the operation, acquisition and development of ...

1 month ago - PRNewsWire

Analysts Estimate Ormat Technologies (ORA) to Report a Decline in Earnings: What to Look Out for

Ormat Technologies (ORA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 month ago - Zacks Investment Research

EQNR vs. ORA: Which Stock Should Value Investors Buy Now?

EQNR vs. ORA: Which Stock Is the Better Value Option?

Other symbols:EQNR
1 month ago - Zacks Investment Research

Ormat Completed the Acquisition of TG Geothermal Portfolio, LLC; Increasing Its Total Operating Portfolio to 1.1 GW

RENO, Nev., July 14, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announces that it has closed the previously announced acquisition of TG Geothermal Portfolio, LLC, paying $171 million ...

2 months ago - GlobeNewsWire

Ormat Technologies, Inc. to Host Conference Call Announcing Second Quarter 2021 Financial Results

Call Will Be Webcast Simultaneously Call Will Be Webcast Simultaneously

2 months ago - GlobeNewsWire

3 Renewable Energy Stocks to Buy If You Are Betting on Geothermal

Geothermal energy will play a big role in the transition to renewable energy. Here are three companies to consider investing in.

Other symbols:BP
2 months ago - InvestorPlace

Ormat Signed a New Product Segment Supply Contract in Indonesia Supporting Its Backlog

Contract Award Signals Markets Reopening Post-Covid Contract Award Signals Markets Reopening Post-Covid

3 months ago - GlobeNewsWire

7 Hindenburg Research Short Positions That Could Be the Next AMC

Hindenburg Research is one of the most influential short sellers out there. Here are the details on seven of their leading targets.

3 months ago - InvestorPlace

Ormat Completes McGinness Hills Complex Expansion

RENO, Nev., June 07, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies Inc. (NYSE: ORA) announced the completion of the expansion of its McGinness Hills Phase 3 geothermal power plant in Eastern Nevada. The e...

3 months ago - GlobeNewsWire

7 Renewable Energy Stocks Worth Their Weight in Green

Renewable energy stocks took a sizable hit due to a sentiment shift following the Texas storm, but now they're making a comeback. The post 7 Renewable Energy Stocks Worth Their Weight in Green appeared ...

Other symbols:BEBEPCENPHNEEOPTTSPWR
3 months ago - InvestorPlace

What's Up With Ormat Technologies Stock Today?

Ormat Technologies, Inc. (NYSE:ORA) shares are trading higher after the company announced it will acquire contracted geothermal assets in Nevada and a transmission line connecting Nevada with California...

3 months ago - Benzinga

Scott+Scott Attorneys at Law LLP Investigates Ormat Technologies, Inc.'s Directors and Officers for Breach of Fiducia...

NEW YORK--(BUSINESS WIRE)-- #ORA--Scott+Scott Attorneys at Law LLP Investigates Ormat Technologies, Inc.'s Directors and Officers for Breach of Fiduciary Duties – ORA

3 months ago - Business Wire

Ormat to Acquire Contracted Operating Geothermal Assets in Nevada and a Transmission Line Connecting Nevada With Cali...

RENO, Nev., May 24, 2021 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE: ORA) announced today that it has entered into a purchase agreement with TG Geothermal Portfolio, LLC (a subsidiary of Terra-G...

3 months ago - GlobeNewsWire

Ormat (ORA) Signs Long-Term Deal With Clean Power Alliance

Ormat Technologies (ORA) has plans to expand geothermal operation in the United States. It has recently entered into a 15-year PPA with Clean Power Alliance.

4 months ago - Zacks Investment Research

Ormat Technologies (ORA) Q1 Earnings Top, Revenues Fall Y/Y

Ormat Technologies (ORA) Q1 revenues of $166.4 million exceed the Zacks Consensus Estimate by 0.4% but decline13.4% on a year-over-year basis.

4 months ago - Zacks Investment Research