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ORA

ORA - Ormat Technologies Inc Stock Price, Fair Value and News

73.02USD+0.67 (+0.93%)Market Closed

Market Summary

ORA
USD73.02+0.67
Market Closed
0.93%

ORA Stock Price

View Fullscreen

ORA RSI Chart

ORA Valuation

Market Cap

4.4B

Price/Earnings (Trailing)

32.94

Price/Sales (Trailing)

5.08

EV/EBITDA

8.83

Price/Free Cashflow

-17.88

ORA Price/Sales (Trailing)

ORA Profitability

EBT Margin

15.71%

Return on Equity

5.7%

Return on Assets

2.43%

Free Cashflow Yield

-5.59%

ORA Fundamentals

ORA Revenue

Revenue (TTM)

868.4M

Rev. Growth (Yr)

21.02%

Rev. Growth (Qtr)

-7.12%

ORA Earnings

Earnings (TTM)

134.0M

Earnings Growth (Yr)

32.93%

Earnings Growth (Qtr)

8.01%

Breaking Down ORA Revenue

Last 7 days

-0.4%

Last 30 days

-0.7%

Last 90 days

11.9%

Trailing 12 Months

-10.5%

How does ORA drawdown profile look like?

ORA Financial Health

Current Ratio

1.12

ORA Investor Care

Dividend Yield

0.66%

Dividend/Share (TTM)

0.48

Shares Dilution (1Y)

1.20%

Diluted EPS (TTM)

2.22

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2024868.4M000
2023735.7M761.4M793.6M829.4M
2022680.4M702.6M719.7M734.2M
2021679.6M651.6M651.5M663.1M
2020739.1M730.0M718.4M705.3M
2019734.3M740.0M744.1M746.0M
2018686.9M685.9M695.2M719.3M
2017700.9M720.4M693.0M692.8M
2016626.0M645.4M667.1M662.6M
2015537.3M550.2M572.8M594.6M
2014556.8M531.7M541.2M559.5M
2013494.0M520.0M518.4M533.2M
2012471.5M493.6M515.1M507.4M
2011388.4M396.7M406.1M437.0M
2010395.4M392.1M374.6M373.2M
20090366.6M389.3M412.0M
2008000343.9M
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Tracking the Latest Insider Buys and Sells of Ormat Technologies Inc

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
Jun 06, 2024
stern stanley
sold
-67,392
74.88
-900
-
May 31, 2024
stern stanley
sold
-47,154
75.69
-623
-
May 30, 2024
marom michal
sold
-50,393
73.46
-686
-
May 30, 2024
sharir dafna
sold
-50,393
73.46
-686
-
May 30, 2024
granot david
sold
-50,393
73.46
-686
-
May 12, 2024
ginzburg assi
acquired
-
-
1,329
chief financial officer
May 12, 2024
benyosef ofer
acquired
-
-
2,216
evp - energy storage & bd
May 09, 2024
marom michal
acquired
-
-
1,447
-

1–10 of 50

Which funds bought or sold ORA recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
Jun 21, 2024
Cape Investment Advisory, Inc.
unchanged
-
-403
2,780
-%
Jun 20, 2024
HM PAYSON & CO
unchanged
-
-1,920
13,238
-%
Jun 11, 2024
EverSource Wealth Advisors, LLC
added
18.75
-
3,638
-%
Jun 04, 2024
DekaBank Deutsche Girozentrale
added
81.82
217,000
597,000
-%
May 29, 2024
Clean Yield Group
unchanged
-
-1,104
7,612
-%
May 28, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-159,000
1,097,000
0.01%
May 22, 2024
Beck Bode, LLC
added
34.08
1,690,060
11,575,500
2.36%
May 20, 2024
Virtu Financial LLC
new
-
246,000
246,000
0.02%
May 16, 2024
HANCOCK WHITNEY CORP
reduced
-7.75
-49,623
205,718
0.01%
May 16, 2024
JANE STREET GROUP, LLC
new
-
315,939
315,939
-%

1–10 of 34

Are Funds Buying or Selling ORA?

Are funds buying ORA calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own ORA
No. of Funds

Unveiling Ormat Technologies Inc's Major ShareHolders

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Mar 07, 2024
blackrock inc.
14.7%
8,847,797
SC 13G/A
Feb 13, 2024
vanguard group inc
8.82%
5,324,598
SC 13G/A
Jan 31, 2024
migdal insurance & financial holdings ltd.
6.36%
3,566,159
SC 13G
Jan 29, 2024
blackrock inc.
6.9%
9,426,911
SC 13G/A
Dec 06, 2023
blackrock inc.
6.7%
9,271,477
SC 13G/A
Feb 13, 2023
clal insurance enterprises holdings ltd
4.8%
2,668,191
SC 13G/A
Feb 09, 2023
vanguard group inc
8.61%
4,826,487
SC 13G/A
Jan 27, 2023
blackrock inc.
14.1%
7,934,264
SC 13G/A
Jan 26, 2023
migdal insurance & financial holdings ltd.
6.91%
3,873,929
SC 13G
Jan 23, 2023
blackrock inc.
14.2%
7,983,559
SC 13G/A

Recent SEC filings of Ormat Technologies Inc

View All Filings
Date Filed Form Type Document
Jun 07, 2024
4
Insider Trading
Jun 06, 2024
144
Notice of Insider Sale Intent
Jun 04, 2024
4
Insider Trading
May 31, 2024
144
Notice of Insider Sale Intent
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 31, 2024
4
Insider Trading
May 30, 2024
SD
SD
May 21, 2024
4/A
Insider Trading
May 14, 2024
4
Insider Trading

Peers (Alternatives to Ormat Technologies Inc)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.4T
698.2M
-1.30% -11.10%
24.5K
3.4K
3.29% 8.78%
46.4B
19.3B
-1.00% 5.50%
16.48
2.4
-2.13% 41.75%
25.8B
4.3B
3.08% -9.32%
26.85
5.98
10.78% 15.26%
19.0B
7.3B
-0.28% -11.99%
16.44
2.62
-10.88% 5.77%
17.8B
4.1B
4.83% 3.17%
17.82
4.39
-11.13% 20.48%
17.0B
28.5B
-5.21% 135.00%
10.34
0.6
-9.05% 188.86%
13.6B
8.3B
-2.57% -5.19%
15.29
1.65
0.05% 30.98%
13.5B
12.5B
-9.13% -6.28%
25.48
1.08
-3.77% 203.92%
MID-CAP
8.6B
4.7B
-1.48% -6.35%
15.95
1.83
4.84% 12.15%
3.6B
1.7B
-0.30% 7.73%
15.11
2.11
-1.93% 32.23%
2.7B
1.9B
-6.31% -10.31%
14.35
1.44
9.47% 35.66%
SMALL-CAP
400.2M
187.0M
-9.22% 10.00%
12.38
2.14
74.12% 306.55%
208.1M
3.0M
-1.92% -21.88%
-7.54
69.79
100.34% 6.65%
35.5M
417.4M
0.37% -10.37%
1.5
0.09
-10.19% 525.10%
8.7M
867.4K
-7.14% -40.57%
-9.31
9.96
-88.45% 77.17%

Ormat Technologies Inc News

Latest updates
Defense World2 hours ago
Yahoo Lifestyle Australia22 Jun 202411:00 pm
Yahoo New Zealand News22 Jun 202401:25 am
Yahoo Movies Canada19 Jun 202409:02 am

Ormat Technologies Inc Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)
(In Thousands)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Revenue-7.1%224241208195185205176169184191159147166179159175192192170184199
Gross Profit0.5%79.0078.0060.0049.0076.0080.0061.0058.0070.0076.0063.0052.0074.0075.0054.0065.0082.0075.0055.0065.0074.00
  S&GA Expenses19.0%5.004.005.005.004.004.004.004.004.004.003.004.004.004.004.005.005.004.004.003.004.00
  R&D Expenses-36.2%2.002.001.002.001.001.001.001.001.001.001.001.001.001.001.001.002.002.001.001.001.00
EBITDA Margin-1.6%0.55*0.56*0.52*0.53*0.54*0.52*0.57*0.57*0.57*0.56*0.55*0.57*---------
Interest Expenses20.0%31.0026.0025.0024.0024.0024.0022.0020.0021.0023.0022.0019.0019.0019.0022.0020.0017.0018.0020.0022.0021.00
Income Taxes-101.8%-0.158.00-7.13-3.969.00-8.787.006.0010.0016.002.004.003.0022.0015.0012.0018.0025.0010.00-3.5314.00
Earnings Before Taxes-19.4%39.0049.0030.0019.0042.0013.0028.0023.0032.0042.0022.0019.0020.0045.0040.0035.0049.0041.0024.0031.0041.00
EBT Margin-6.3%0.16*0.17*0.13*0.13*0.14*0.13*0.17*0.17*0.17*0.16*0.16*0.19*---------
Net Income8.0%39.0036.0035.0024.0029.0018.0018.0011.0018.0019.0015.0013.0015.0021.0016.0023.0026.0013.0016.0034.0026.00
Net Income Margin2.9%0.15*0.15*0.13*0.12*0.10*0.09*0.09*0.09*0.10*0.09*0.10*0.10*---------
Free Cashflow138.8%12.00-30.45-142-85.79-50.42-80.37-53.98-92.68-55.47-16.82-34.59-90.07---------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Assets5.9%5,5175,2085,0115,0115,0154,6124,5254,5424,4144,4264,3593,8193,8593,8893,5213,4183,4463,2503,2593,1943,143
  Current Assets-5.7%609646516686811457475586508602635588725779533517584416432412422
    Cash Equivalents2.9%20219678.0027541596.0015526313023926825037744819717423171.0098.0011179.00
  Inventory19.6%54.0045.0045.0038.0045.0023.0030.0032.0033.0028.0027.0029.0038.0035.0034.0039.0034.0035.0039.0039.0043.00
  Net PPE--------------------1,9631,963
  Goodwill66.9%15191.0090.0090.0090.0090.0090.0090.0091.0090.0091.0066.0024.0025.0024.0020.0020.0020.0020.0020.0020.00
Liabilities9.9%3,0302,7572,5962,5942,6692,5812,5242,5542,3902,4182,3771,8491,9001,9381,9401,8521,9031,7261,7461,6931,672
  Current Liabilities1.7%546537540383391344372353584544534246254249236405567376353277268
  Short Term Borrowings-100.0%-20.0035.00----------------53.0061.00
Shareholder's Equity1.6%2,3522,3152,2792,4072,3372,0211,9921,9792,0151,9981,9721,9601,9501,9411,5751,5571,5341,5151,5051,4921,463
  Retained Earnings4.4%751720691663646624613601597585573565559550535525508488481471443
  Additional Paid-In Capital0.3%1,6201,6151,6111,6091,5601,2591,2561,2531,2751,2721,2701,2671,2651,262920917915913911906904
Shares Outstanding0.1%60.0060.0060.0060.0057.0056.0056.0056.0056.0056.0056.0056.00---------
Minority Interest-0.9%124126126153152153146147144143139135133135132128125123124122123
Float----4,311---3,522---3,127---2,545---2,528-
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2024Q12023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q1
Cashflow From Operations-17.2%115,209139,14539,75174,04956,45674,72790,95733,51481,776114,03145,94729,92068,92426,11584,53674,59879,75635,04145,37378,64277,437
  Share Based Compensation12.4%4,7694,2433,9344,3112,9903,0172,8162,9992,8142,3282,1202,6232,0972,7702,8072,2641,9892,1272,2282,6432,360
Cashflow From Investing-122.0%-377,834-170,177-183,224-163,765-111,177-153,829-144,541-85,704-139,332-128,248-255,433-137,038-117,474-92,999-133,943-78,207-80,820-61,527-78,843-63,224-50,944
Cashflow From Financing106.9%273,944132,396-65,519-37,294350,38152,673-49,410167,731-44,7211,373235,988-28,169-22,807313,48688,570-66,673168,095-1,11832,979-6,587-31,039
  Dividend Payments0.3%7,2437,2237,2287,2296,7326,9666,7196,7316,7277,1046,7166,4486,7185,5795,5595,7195,6145,6125,6065,5895,579
  Buy Backs--------18,000-------------
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ORA Income Statement

2024-03-31
Condensed Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues:  
Revenue$ 224,166$ 185,232
Cost of revenues:  
Cost of revenues145,356109,163
Gross profit78,81076,069
Operating expenses:  
Research and development expenses1,5641,288
Selling and marketing expenses5,1263,948
General and administrative expenses19,53717,667
Operating income52,58353,166
Other income (expense):  
Interest income1,8391,851
Interest expense, net(30,968)(23,631)
Derivatives and foreign currency transaction gains (losses)(1,582)(1,937)
Income attributable to sale of tax benefits17,47612,566
Other non-operating income, net2660
Income from operations before income tax and equity in earnings of investees39,37442,075
Income tax (provision) benefit147(8,885)
Equity in earnings of investees829271
Net income40,35033,461
Net income attributable to noncontrolling interest(1,763)(4,432)
Net income attributable to the Company's stockholders38,58729,029
Comprehensive income:  
Net income40,35033,461
Other comprehensive income (loss), net of related taxes:  
Change in foreign currency translation adjustments(2,163)(696)
Change in unrealized gains or losses in respect of the Company's share in derivatives instruments of an unconsolidated investment that qualifies as a cash flow hedge510(1,014)
Other changes in comprehensive income5314
Total other comprehensive income (loss), net of related taxes:27(7,099)
Comprehensive income40,37726,362
Comprehensive income attributable to noncontrolling interest(1,301)(4,042)
Comprehensive income attributable to the Company's stockholders$ 39,076$ 22,320
Earnings per share attributable to the Company's stockholders:  
Basic: (in dollars per share)$ 0.64$ 0.51
Diluted: (in dollars per share)$ 0.64$ 0.51
Weighted average number of shares used in computation of earnings per share attributable to the Company's stockholders:  
Basic (in shares)60,38656,710
Diluted (in shares)60,53657,104
Cross Currency Swap [Member]  
Other comprehensive income (loss), net of related taxes:  
Change in unrealized gains or lossesderivative instrument that qualifies as a cash flow hedge$ 561$ (5,403)
Interest Rate Swap [Member]  
Other comprehensive income (loss), net of related taxes:  
Change in unrealized gains or lossesderivative instrument that qualifies as a cash flow hedge1,0660
Electricity [Member]  
Revenues:  
Revenue191,253170,310
Cost of revenues:  
Cost of revenues116,73094,758
Product [Member]  
Revenues:  
Revenue24,83210,042
Cost of revenues:  
Cost of revenues21,1549,351
Energy Storage and Management Services [Member]  
Revenues:  
Revenue8,0814,880
Cost of revenues:  
Cost of revenues$ 7,472$ 5,054

ORA Balance Sheet

2024-03-31
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Current assets:  
Cash and cash equivalents$ 201,506$ 195,808
Restricted cash and cash equivalents (primarily related to VIEs)97,45591,962
Receivables:  
Trade less allowance for credit losses of $163 and $90 respectively (primarily related to VIEs)154,557208,704
Other33,91644,530
Inventories53,87445,037
Costs and estimated earnings in excess of billings on uncompleted contracts[1]23,61618,367
Prepaid expenses and other44,31141,595
Total current assets609,235646,003
Investment in unconsolidated companies127,386125,439
Deposits and other43,83244,631
Deferred income taxes173,627152,570
Property, plant and equipment, net ($3,010,086 and $2,802,920 related to VIEs, respectively)3,220,2462,998,949
Construction-in-process837,205814,967
Operating leases right of use27,31824,057
Finance leases right of use3,2163,510
Intangible assets, net323,657307,609
Goodwill151,12290,544
Total assets5,516,844[2],[3]5,208,279
Current liabilities:  
Accounts payable and accrued expenses197,035214,518
Commercial paper (less deferred financing costs of $28 and $29, respectively)99,97299,971
Billings in excess of costs and estimated earnings on uncompleted contracts21,37618,669
Current portion of long-term debt:  
Limited and non-recourse (primarily related to VIEs)68,21157,207
Full recourse150,835116,864
Financing liability3,6205,141
Operating lease liabilities3,9143,329
Finance lease liabilities1,2911,313
Total current liabilities546,254537,012
Long-term debt, net of current portion:  
Financing liability219,682220,619
Operating lease liabilities22,27319,790
Finance lease liabilities1,9792,238
Liability associated with sale of tax benefits175,586184,612
Deferred income taxes74,96766,748
Liability for unrecognized tax benefits9,2558,673
Liabilities for severance pay10,70311,844
Asset retirement obligation123,087114,370
Other long-term liabilities28,95422,107
Total liabilities3,030,2132,756,693
Commitments and contingencies (Note 9)
Redeemable noncontrolling interest10,11210,599
Equity:  
Common stock, par value $0.001 per share; 200,000,000 shares authorized; 60,421,682 and 60,358,887 issued and outstanding as of March 31, 2024 and December 31, 2022, respectively6060
Additional paid-in capital1,619,5931,614,769
Treasury stock, at cost (258,667 shares held as of March 31, 2024 and December 31, 2023, respectively)(17,964)(17,964)
Retained earnings751,238719,894
Accumulated other comprehensive income (loss)(843)(1,332)
Total stockholders' equity attributable to Company's stockholders2,352,0842,315,427
Noncontrolling interest124,435125,560
Total equity2,476,5192,440,987
Total liabilities, redeemable noncontrolling interest and equity5,516,8445,208,279
Senior Secured Notes [Member]  
Long-term debt, net of current portion:  
Limited and non-recourse (primarily related to VIEs and less deferred financing costs of $9,128 and $7,889, respectively)557,946447,389
Senior Unsecured Bonds [Member]  
Long-term debt, net of current portion:  
Full recourse (less deferred financing costs of $4,877 and $3,056, respectively)835,841698,187
Convertible Senior Notes [Member]  
Long-term debt, net of current portion:  
Convertible senior notes (less deferred financing costs of $7,564 and $8,146, respectively)423,686423,104
Revolving Credit Facility [Member]  
Current liabilities:  
Short term revolving credit lines with banks (full recourse)$ 0$ 20,000
[1]Contract assets and contract liabilities are presented as "Costs and estimated earnings in excess of billings on uncompleted contracts" and "Billings in excess of costs and estimated earnings on uncompleted contracts", respectively, on the condensed consolidated balance sheets. The contract liabilities balance at the beginning of the year was not yet fully recognized as product revenues during the three months ended March 31, 2023 as a result of performance obligations having not been fully satisfied yet.
[2]Electricity segment assets include goodwill in the amount of $146.5 million and $85.8 million as of March 31, 2024 and 2023, respectively. Energy Storage segment assets include goodwill in the amount of $4.6 million and $4.6 million as of March 31, 2024 and 2023, respectively. No goodwill is included in the Product segment assets as of March 31, 2024 and 2023.
[3]Intersegment revenues are fully eliminated in consolidation.
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. It 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, 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. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; 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 energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada.
 WEBSITEormat.com
 INDUSTRYUtilities Regulated Electric
 EMPLOYEES1480

Ormat Technologies Inc Frequently Asked Questions


What is the ticker symbol for Ormat Technologies Inc? What does ORA stand for in stocks?

ORA is the stock ticker symbol of Ormat Technologies Inc. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Ormat Technologies Inc (ORA)?

As of Mon Jun 24 2024, market cap of Ormat Technologies Inc is 4.41 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of ORA stock?

You can check ORA's fair value in chart for subscribers.

What is the fair value of ORA stock?

You can check ORA's fair value in chart for subscribers. The fair value of Ormat Technologies Inc is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Ormat Technologies Inc is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for ORA so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Ormat Technologies Inc a good stock to buy?

The fair value guage provides a quick view whether ORA is over valued or under valued. Whether Ormat Technologies Inc is cheap or expensive depends on the assumptions which impact Ormat Technologies Inc's fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for ORA.

What is Ormat Technologies Inc's Price to Earnings (PE) and Price to sales (PS) ratio?

As of Mon Jun 24 2024, ORA's PE ratio (Price to Earnings) is 32.94 and Price to Sales (PS) ratio is 5.08. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. ORA PE ratio will change depending on the future growth rate expectations of investors.

What is 5 year return on Ormat Technologies Inc's stock?

In the past 10 years, Ormat Technologies Inc has provided 0.103 (multiply by 100 for percentage) rate of return.