Is Ormat Technologies Stock a Good Investment?
Ormat Technologies Investment Advice | ORA |
- Examine Ormat Technologies' financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
- Research Ormat Technologies' leadership team and their track record. Good management can help Ormat Technologies navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
- Consider the overall health of the Independent Power and Renewable Electricity Producers space and any emerging trends that could impact Ormat Technologies' business and its evolving consumer preferences.
- Compare Ormat Technologies' performance and market position to its competitors. Analyze how Ormat Technologies is positioned in terms of product offerings, innovation, and market share.
- Check if Ormat Technologies pays a dividend and its dividend yield and payout ratio.
- Review what financial analysts are saying about Ormat Technologies' stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ormat Technologies stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ormat Technologies is a good investment.
Sell | Buy |
Buy
Market Performance | OK | Details | |
Volatility | Very steady | Details | |
Hype Condition | Low key | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Follows the market closely | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Not Rated | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Examine Ormat Technologies Stock
Researching Ormat Technologies' stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 97.0% of the company shares are owned by institutional investors. The book value of Ormat Technologies was now reported as 39.5. The company last dividend was issued on the 20th of November 2024.
To determine if Ormat Technologies is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ormat Technologies' research are outlined below:
| Over 97.0% of the company shares are owned by institutional investors | |
| Latest headline from fool.com.au: Fundie rates 2 ASX 200 stocks in short-term pain but with long-term gain potential |
Ormat Technologies Quarterly Cash And Short Term Investments |
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Ormat Technologies uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ormat Technologies. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ormat Technologies' previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
| 21st of February 2024 Upcoming Quarterly Report | View | |
| 14th of May 2024 Next Financial Report | View | |
| 31st of December 2023 Next Fiscal Quarter End | View | |
| 21st of February 2024 Next Fiscal Year End | View | |
| 30th of September 2023 Last Quarter Report | View | |
| 31st of December 2022 Last Financial Announcement | View |
Earnings surprises can significantly impact Ormat Technologies' stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Ormat Technologies' investors have experienced.
| Reported | Fiscal Date | Estimated EPS | Reported EPS | Surprise | |||
|---|---|---|---|---|---|---|---|
2010-05-05 | 2010-03-31 | 0.03 | 0.04 | 0.01 | 33 | ||
2022-08-03 | 2022-06-30 | 0.2 | 0.22 | 0.02 | 10 | ||
2011-02-22 | 2010-12-31 | 0.12 | 0.1 | -0.02 | 16 | ||
2005-05-11 | 2005-03-31 | 0.09 | 0.12 | 0.03 | 33 | ||
2024-08-06 | 2024-06-30 | 0.36 | 0.4 | 0.04 | 11 | ||
2020-11-04 | 2020-09-30 | 0.27 | 0.31 | 0.04 | 14 | ||
2019-11-06 | 2019-09-30 | 0.34 | 0.3 | -0.04 | 11 | ||
2010-02-24 | 2009-12-31 | 0.31 | 0.35 | 0.04 | 12 |
Know Ormat Technologies' Top Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Ormat Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ormat Technologies backward and forwards among themselves. Ormat Technologies' institutional investor refers to the entity that pools money to purchase Ormat Technologies' securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Geode Capital Management, Llc | 2024-09-30 | 1.3 M | Goldman Sachs Group Inc | 2024-06-30 | 1 M | Schroder Investment Management Group | 2024-06-30 | 867.6 K | Northern Trust Corp | 2024-09-30 | 768.6 K | Morgan Stanley - Brokerage Accounts | 2024-06-30 | 701.7 K | Charles Schwab Investment Management Inc | 2024-09-30 | 579.2 K | Bank Of New York Mellon Corp | 2024-06-30 | 560 K | Migdal Insurance & Financial Holdings Ltd | 2024-06-30 | 551.5 K | Ubs Group Ag | 2024-06-30 | 513 K | Blackrock Inc | 2024-06-30 | 8.4 M | Orix Corp | 2024-09-30 | 6.7 M |
Ormat Technologies' market capitalization trends
The company currently falls under 'Mid-Cap' category with a total capitalization of 4.88 B.Market Cap |
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Ormat Technologies' profitablity analysis
| Last Reported | Projected for Next Year | ||
| Return On Tangible Assets | 0.03 | 0.02 | |
| Return On Capital Employed | 0.04 | 0.05 | |
| Return On Assets | 0.02 | 0.02 | |
| Return On Equity | 0.05 | 0.06 |
Determining Ormat Technologies' profitability involves analyzing its financial statements and using various financial metrics to determine if Ormat Technologies is a good buy. For example, gross profit margin measures Ormat Technologies' profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Ormat Technologies' profitability and make more informed investment decisions.
Ormat Technologies' Earnings Breakdown by Geography
Please note, the presentation of Ormat Technologies' financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Ormat Technologies' management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Ormat Technologies' management manipulating its earnings.
Evaluate Ormat Technologies' management efficiency
Ormat Technologies has Return on Asset of 0.0212 % which means that on every $100 spent on assets, it made $0.0212 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0516 %, implying that it generated $0.0516 on every 100 dollars invested. Ormat Technologies' management efficiency ratios could be used to measure how well Ormat Technologies manages its routine affairs as well as how well it operates its assets and liabilities. At present, Ormat Technologies' Return On Capital Employed is projected to slightly decrease based on the last few years of reporting. The current year's Return On Equity is expected to grow to 0.06, whereas Return On Tangible Assets are forecasted to decline to 0.02. At present, Ormat Technologies' Total Assets are projected to increase significantly based on the last few years of reporting. The current year's Non Current Assets Total is expected to grow to about 4.8 B, whereas Other Assets are forecasted to decline to about 132.5 M.| Last Reported | Projected for Next Year | ||
| Book Value Per Share | 41.26 | 43.32 | |
| Tangible Book Value Per Share | 34.56 | 36.28 | |
| Enterprise Value Over EBITDA | 13.50 | 13.92 | |
| Price Book Value Ratio | 1.95 | 3.38 | |
| Enterprise Value Multiple | 13.50 | 13.92 | |
| Price Fair Value | 1.95 | 3.38 | |
| Enterprise Value | 1.7 B | 1.5 B |
The strategic initiatives led by Ormat Technologies' management are central to its market success. By analyzing these initiatives, we provide a clear picture of the stock's growth prospects.
Dividend Yield 0.0059 | Forward Dividend Yield 0.0059 | Forward Dividend Rate 0.48 | Beta 0.526 |
Basic technical analysis of Ormat Stock
As of the 24th of November, Ormat Technologies holds the Risk Adjusted Performance of 0.1038, semi deviation of 1.19, and Coefficient Of Variation of 770.55. Compared to fundamental indicators, the technical analysis model allows you to check existing technical drivers of Ormat Technologies, as well as the relationship between them.Ormat Technologies' insider trading activities
Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ormat Technologies insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ormat Technologies' material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ormat Technologies insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
Ormat Technologies' Outstanding Corporate Bonds
Ormat Technologies issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Ormat Technologies uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Ormat bonds can be classified according to their maturity, which is the date when Ormat Technologies has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
| Boeing Co 2196 Corp BondUS097023DG73 | View | |
| HSBC Holdings PLC Corp BondUS404280DR76 | View | |
| MGM Resorts International Corp BondUS552953CD18 | View | |
| AerCap Global Aviation Corp BondUS00773HAA59 | View |
Understand Ormat Technologies' technical and predictive indicators
Using predictive indicators to make investment decisions involves analyzing Ormat Technologies' various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.
| Risk Adjusted Performance | 0.1038 | |||
| Market Risk Adjusted Performance | 0.3142 | |||
| Mean Deviation | 0.9938 | |||
| Semi Deviation | 1.19 | |||
| Downside Deviation | 1.42 | |||
| Coefficient Of Variation | 770.55 | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.8 | |||
| Information Ratio | 0.0322 | |||
| Jensen Alpha | 0.0989 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | 0.3042 | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.48 | |||
| Downside Variance | 2.03 | |||
| Semi Variance | 1.42 | |||
| Expected Short fall | (1.05) | |||
| Skewness | (0.60) | |||
| Kurtosis | 3.02 |
| Risk Adjusted Performance | 0.1038 | |||
| Market Risk Adjusted Performance | 0.3142 | |||
| Mean Deviation | 0.9938 | |||
| Semi Deviation | 1.19 | |||
| Downside Deviation | 1.42 | |||
| Coefficient Of Variation | 770.55 | |||
| Standard Deviation | 1.34 | |||
| Variance | 1.8 | |||
| Information Ratio | 0.0322 | |||
| Jensen Alpha | 0.0989 | |||
| Total Risk Alpha | (0.05) | |||
| Sortino Ratio | 0.0303 | |||
| Treynor Ratio | 0.3042 | |||
| Maximum Drawdown | 8.41 | |||
| Value At Risk | (1.41) | |||
| Potential Upside | 2.48 | |||
| Downside Variance | 2.03 | |||
| Semi Variance | 1.42 | |||
| Expected Short fall | (1.05) | |||
| Skewness | (0.60) | |||
| Kurtosis | 3.02 |
Consider Ormat Technologies' intraday indicators
Ormat Technologies intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ormat Technologies stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
Ormat Technologies Corporate Filings
F4 | 8th of November 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities | ViewVerify |
10Q | 7th of November 2024 Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations | ViewVerify |
8K | 6th of November 2024 Report filed with the SEC to announce major events that shareholders should know about | ViewVerify |
| 30th of May 2024 Other Reports | ViewVerify |
Ormat Stock media impact
Far too much social signal, news, headlines, and media speculation about Ormat Technologies that are available to investors today. That information is available publicly through Ormat media outlets and privately through word of mouth or via Ormat internal channels. However, regardless of the origin, that massive amount of Ormat data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ormat Technologies news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ormat Technologies relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ormat Technologies' headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ormat Technologies alpha.
Ormat Technologies Sentiment by Major News Outlets
Investor sentiment, mood or attitude towards Ormat Technologies can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.
Ormat Technologies Historical Investor Sentiment
Investor biases related to Ormat Technologies' public news can be used to forecast risks associated with an investment in Ormat. The trend in average sentiment can be used to explain how an investor holding Ormat can time the market purely based on public headlines and social activities around Ormat Technologies. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Ormat Technologies' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Ormat Technologies and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Ormat Technologies news discussions. The higher the estimate score, the more favorable the investor's outlook on Ormat Technologies.
Ormat Technologies Corporate Directors
| Ravit Barniv | Independent Director | Profile | |
| Stanley Stern | Independent Director | Profile | |
| Dan Falk | Lead Independent Director | Profile | |
| Byron Wong | Independent Director | Profile |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ormat Technologies. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
Is Independent Power and Renewable Electricity Producers space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ormat Technologies. If investors know Ormat will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ormat Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.39) | Dividend Share 0.48 | Earnings Share 1.96 | Revenue Per Share 14.733 | Quarterly Revenue Growth 0.018 |
The market value of Ormat Technologies is measured differently than its book value, which is the value of Ormat that is recorded on the company's balance sheet. Investors also form their own opinion of Ormat Technologies' value that differs from its market value or its book value, called intrinsic value, which is Ormat Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ormat Technologies' market value can be influenced by many factors that don't directly affect Ormat Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Ormat Technologies' value and its price, as these two are different measures arrived at by various means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.