Ormat Technologies Stock Today
| ORA Stock | USD 62.92 0.81 1.30% |
Performance0 of 100
| Odds Of DistressLess than 3
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Ormat Technologies is trading at 62.92 as of the 19th of April 2024, a 1.30 percent up since the beginning of the trading day. The stock's open price was 62.11. Ormat Technologies has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over 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 25th of April 2023 and ending today, the 19th of April 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 60.38 M outstanding shares of which 3.29 M shares are now shorted by investors with about 7.39 days to cover. More on Ormat Technologies
Moving against Ormat Stock
| 0.44 | WAVE | Eco Wave Power Downward Rally | PairCorr |
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
Ormat Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ormat Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ormat Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| 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, SBF 120, SP Midcap 400, CAC All-Tradable, SPASX 100, CAC All Shares, Tel Aviv 125, SPASX 300, SPASX All Australian, Climate Change, Utilities, Independent Power and Renewable Electricity Producers, Utilities—Renewable, Utilities (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering Ormat Technologies report their recommendations after researching Ormat Technologies' financial statements, talking to executives and customers, or listening in on Ormat Technologies' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Ormat Technologies. The Ormat consensus assessment is calculated by taking the average forecast from all of the analysts covering Ormat Technologies. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to Ormat Technologies' liquidity, profitability, solvency, and operating efficiency, Ormat Technologies is doing better financially then in previous quarter. It has a moderate probability of reporting better financial numbers in May. Financial strength of Ormat Technologies is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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Ormat Technologies' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Ormat Technologies' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to 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 3.8 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ormat Technologies's market, we take the total number of its shares issued and multiply it by Ormat Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ormat Technologies runs under Independent Power and Renewable Electricity Producers sector within Utilities industry. The entity has 60.38 M outstanding shares of which 3.29 M shares are now shorted by investors with about 7.39 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 has a total of 60.38 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. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check Ormat Ownership Details
Ormat Stock Price Odds Analysis
What are Ormat Technologies' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ormat Technologies jumping above the current price in 90 days from now is more than 93.0%. The Ormat Technologies probability density function shows the probability of Ormat Technologies stock to fall within a particular range of prices over 90 days. Considering the 90-day investment horizon the stock has a beta coefficient of 1.6009. This indicates as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, Ormat Technologies will likely underperform. Additionally, ormat Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of Ormat Technologies to move above the current price in 90 days from now is more than 93.0 (This Ormat Technologies probability density function shows the probability of Ormat Stock to fall within a particular range of prices over 90 days) .
Ormat Stock Institutional Holders
Institutional Holdings refers to the ownership stake in Ormat Technologies that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of Ormat Technologies' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing Ormat Technologies' value.| Instituion | Recorded On | Shares | |
| Migdal Insurance & Financial Holdings Ltd | 2023-12-31 | 1 M | |
| Wellington Management Company Llp | 2023-12-31 | 1 M | |
| Neuberger Berman Group Llc | 2023-12-31 | 1 M | |
| Goldman Sachs Group Inc | 2023-12-31 | 967.5 K | |
| Harel Insurance Invests & Fin Srvcs Ltd | 2023-12-31 | 864.2 K | |
| Northern Trust Corp | 2023-12-31 | 813.9 K | |
| Morgan Stanley - Brokerage Accounts | 2023-12-31 | 586.6 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 554.5 K | |
| Bank Of New York Mellon Corp | 2023-12-31 | 539.2 K | |
| Blackrock Inc | 2023-12-31 | 9.4 M | |
| Orix Corp | 2023-12-31 | 6.7 M |
Ormat Technologies Historical Income Statement
Ormat Technologies Income Statement is one of the three primary financial statements used for reporting Ormat's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Ormat Technologies revenue and expense. Ormat Technologies Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At present, Ormat Technologies' Depreciation And Amortization is projected to increase significantly based on the last few years of reporting. The current year's Interest Expense is expected to grow to about 121.9 M, whereas Total Revenue is forecasted to decline to about 516.5 M. View More FundamentalsOrmat Stock Against Markets
Picking the right benchmark for Ormat Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ormat Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ormat Technologies is critical whether you are bullish or bearish towards Ormat Technologies at a given time. Please also check how Ormat Technologies' historical prices are related to one of the top price index indicators.
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Ormat Technologies Corporate Directors
Ormat Technologies corporate directors refer to members of an Ormat Technologies board of directors. The board of directors generally takes responsibility for the Ormat Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ormat Technologies' board members must vote for the resolution. The Ormat Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Ravit Barniv | Independent Director | Profile | |
| Ami Boehm | Independent Director | Profile | |
| Stanley Stern | Independent Director | Profile | |
| Robert Joyal | Independent Director | Profile |
How to buy Ormat Stock?
Before investing in Ormat Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ormat Technologies. To buy Ormat Technologies stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ormat Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Ormat Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Ormat Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Ormat Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ormat Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. 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. For more information on how to buy Ormat Stock please use our How to Invest in Ormat Technologies guide.
Already Invested in Ormat Technologies?
The danger of trading Ormat Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ormat Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ormat Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ormat Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock: 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 tightly coupled 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Ormat Technologies' industry 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 0.84 | Dividend Share 0.48 | Earnings Share 2.08 | Revenue Per Share 13.958 | Quarterly Revenue Growth 0.174 |
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.