Ormat Technologies Stock Today
| ORA Stock | USD 80.08 0.70 0.88% |
Performance6 of 100
| Odds Of DistressLess than 3
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Ormat Technologies is trading at 80.08 as of the 21st of November 2024, a 0.88 percent increase since the beginning of the trading day. The stock's open price was 79.38. Ormat Technologies has a very small chance of experiencing financial distress in the next few years but had a somewhat modest performance during the last 90 days. Equity ratings for Ormat Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 2nd of December 2022 and ending today, the 21st of November 2024. Click here to learn more.
Business Domain Utilities | IPO Date 11th of November 2004 |
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. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. The company has 60.48 M outstanding shares of which 3.14 M shares are now shorted by investors with about 8.43 days to cover. More on Ormat Technologies
Moving together with Ormat Stock
| 0.81 | AY | Atlantica Sustainable | PairCorr |
| 0.7 | VGAS | Verde Clean Fuels | PairCorr |
| 0.78 | WAVE | Eco Wave Power Trending | PairCorr |
Moving against Ormat Stock
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Ormat Stock Highlights
ESG Sustainability
Environmental | Governance | Social |
| Chief Executive Officer | Isaac Angel | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Thematic Idea | Climate Change (View all Themes) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Old Names | [Ordina N.V., Ordina N.V., Ordina N.V.] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Independent Power and Renewable Electricity Producers, Utilities - Renewable, Utilities, NYSE Composite, Tel Aviv 35, SP Midcap 400, SBF 120, SBF 120 Gross, SPASX Midcap 50, CAC All Shares, SPASX 100, Climate Change, Utilities, Independent Power and Renewable Electricity Producers, Utilities—Renewable, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial Strength
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Debt LevelsOrmat Technologies can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Ormat Technologies' financial leverage. It provides some insight into what part of Ormat Technologies' total assets is financed by creditors.
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Ormat Technologies (ORA) is traded on New York Stock Exchange in USA. It is located in 6140 Plumas Street, Reno, NV, United States, 89519-6075 and employs 1,576 people. Ormat Technologies is listed under Independent Power and Renewable Electricity Producers category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a total capitalization of 4.8 B. Ormat Technologies runs under Independent Power and Renewable Electricity Producers sector within Utilities industry. The entity has 60.48 M outstanding shares of which 3.14 M shares are now shorted by investors with about 8.43 days to cover.
Ormat Technologies has about 95.87 M in cash with 309.4 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 4.71.
Check Ormat Technologies Probability Of Bankruptcy
Ownership AllocationOrmat Technologies owns a total of 60.48 Million outstanding shares. The majority of Ormat Technologies outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Ormat Technologies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ormat Technologies. Please pay attention to any change in the institutional holdings of Ormat Technologies as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Ormat Ownership Details
Ormat Stock Institutional Holders
| Instituion | Recorded On | Shares | |
| Geode Capital Management, Llc | 2024-06-30 | 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 Historical Income Statement
Ormat Stock Against Markets
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 Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.
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.
Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different 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.