Ormat/ORA

$62.92

1.3%
-
1D1W1MYTD1YMAX

About Ormat

Ormat Technologies, Inc. is a geothermal company that is engaged in geothermal and recovered energy generation (REG). The Company owns, operates, designs, manufactures and sells geothermal and REG power plants primarily based on the Ormat Energy Converter, a power generation unit that converts low, medium and high-temperature heat into electricity. It owns or has installed for utilities and developers worldwide, totaling approximately 3,200 megawatts (MW) of gross capacity. Its segments include Electricity Segment, Product Segment and Energy Storage Segment. Electricity segment develops, builds, owns, and operates geothermal and solar Photovoltaic (PV). Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation. Energy Storage segment owns and operates a grid connected In Front of the Meter (IFM) Battery Energy Storage System (BESS) facilities. Its portfolio includes 1,385 MW with 1,215 MW geothermal and solar generation.

Ticker

ORA

Sector

Utilities

Trading on

NYSE

Industry

Electric Utilities

CEO

Isaac Angel

Employees

1,576

Headquarters

Reno, United States

Ormat Metrics

BasicAdvanced
$3.68B
Market cap
29.28
P/E ratio
$2.08
EPS
0.49
Beta
$0.48
Dividend rate
0.79%
Dividend yield
$3.68B
0.48722
$88.64
$58.73
469.77K
$0.48
1.203
1.085
67.846
80.602
22.84%
1.86%
2.71%
5.95%
3.08%
29.277
4.439
1.589
1.92
0.57%
0.79%
0.79%
12.98%
78.61%
5.55%
8.15%
2.94%

What the Analysts think about Ormat

Analyst Ratings

Majority rating from 7 analysts.
Hold

Price Targets

Average projection from 6 analysts.
23.97% upside
High $95.00
Low $69.00
$62.92
Current price
$78.00
Average price target

Ormat Financial Performance

Income StatementBalance sheetCash Flow

Income Statement

Revenues and expenses
14.79% profit margin
QuarterlyAnnual
Q4 23
QoQ growth
Revenue
$241.3M
16.01%
Net income
$35.7M
0.85%
Profit margin
14.79%
-13.05%

Ormat Earnings Performance

Earnings per share (EPS)

Company profitability
Missed by 0.67%
QuarterlyAnnual
Q1 23
Q2 23
Q3 23
Q4 23
Q1 24
Actual
$0.51
$0.40
$0.59
$0.59
-
Expected
$0.50
$0.34
$0.35
$0.59
$0.63
Surprise
2.99%
19.05%
68.33%
-0.67%
-
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real time US market data is a consolidated feed of IEX, NYSE National, NYSE Chicago, Nasdaq BX and Nasdaq PSX order books provided by Polygon. Fundamental data, financials and analyst ratings are sourced from Refinitiv.

Upcoming events

FAQs

What’s the current market cap for Ormat stock?

Ormat (ORA) has a market cap of $3.68B as of April 19, 2024.

What is the P/E ratio for Ormat stock?

The price to earnings (P/E) ratio for Ormat (ORA) stock is 29.28 as of April 19, 2024.

Does Ormat stock pay dividends?

Yes, the Ormat (ORA) stock pays dividends to shareholders. As of April 19, 2024, the dividend rate is $0.48 and the yield is 0.79%. Ormat has a payout ratio of 22.84% on a trailing twelve-month basis.

When is the next Ormat dividend payment date?

The next Ormat (ORA) dividend payment date is unconfirmed.

What is the beta indicator for Ormat?

Ormat (ORA) has a beta rating of 0.49. This means that it is less volatile than the market, on average. A beta of 1 would indicate the stock moves in-line with the market, while a beta of 0.5 would mean it moves half as much as the market.

What is the Ormat stock price target?

The target price for Ormat (ORA) stock is $78, which is 23.97% above the current price of $62.92. This is an average based on projections from 6 analysts, and represents their view of what the stock price could be in 12 or 18 months. This should not be seen as investment advice - Lightyear does not carry out investment research.

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