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Tuesday, December 5, 2023

Make Sure You Stick With Ormat Technologies Inc (ORA). It’s Bull Time Again

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Ormat Technologies Inc (ORA) shows that investor sentiment remained same, with the stock’s consolidated last price to $62.54. The Ormat Technologies Inc has recorded 11,766 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Ormat Technologies Reports Third Quarter 2023 Financial Results.

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Stocks Info

The company is listed on the NYSE and operates within the Utilities – Renewable industry segment. At the end of the last regular session, the stock closed at $62.54 and fluctuated between $64.47 as its day high and $60.85 as its day low. The current market capitalization of Ormat Technologies Inc is $3.77B. A total of 0.77 million shares were traded on the day, compared to an average of 414.70K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, ORA has seen 6 BUY and 13 SELL insider trades, representing the acquisition of 363,590 and the disposition of 362,712 shares. Over the last 12 months, there were 23 BUYs and 18 SELLs from insiders. Insiders purchased 381,776 shares during that period but sold 4,678,154.

In the most recent transaction, Angel Isaac sold 429 shares of ORA for 75.57 per share on Sep 07. After the transaction, the Director now owns 41,933 company shares. In a previous transaction on Sep 06, Angel Isaac sold 27,813 shares at 74.61 per share. ORA shares that Director owns now total 41,933.

Among the insiders who sold shares, Angel Isaac disposed of 26,144 shares on Sep 05 at a per-share price of $75.50. This resulted in the Director holding 15,789 shares of ORA after the transaction. In another insider transaction, Angel Isaac sold 25,144 shares at $75.60 per share on Sep 01. Company shares held by the Director now total 41,933.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. Ormat Technologies Inc pays an annual dividend of $0.49, resulting in a dividend yield of 0.78%, and it has a price to earnings (P/E) ratio of 34.52. ORA’s most recent ex-dividend date was 11/21/2023 when it declared a $0.12 quarterly dividend that was paid in cash on 12/6/2023. Previously, the company paid the dividend on 8/30/2023 with an ex-dividend date of 8/15/2023. The ORA stock dividend was $0.12 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for ORA in the last 3 months, the mean price target is $83.71 with high estimates of $100.00 and low estimates of $74.00. In terms of 52-week highs and lows, ORA has a high of $100.90 and a low of $60.66.

As of this writing, ORA has an earnings estimate of $0.38 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.52 per share and a lower estimate of $0.22. The company reported an EPS of $0.51 in the last quarter, which was 4.10% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. ORA’s latest balance sheet shows that the firm has $282.62M in Cash & Short Term Investments as of fiscal 2021. There were $1.93B in debt and $544.16M in liabilities at the time. Its Book Value Per Share was $37.41, while its Total Shareholder’s Equity was $2.01B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ORA is Buy with a score of 3.75.

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