Roth Capital Cuts Earnings Estimates for Ormat Technologies

Ormat Technologies, Inc. (NYSE:ORA) – Research analysts at Roth Capital dropped their FY2025 earnings per share estimates for shares of Ormat Technologies in a research note issued on Monday, May 5th. Roth Capital analyst J. Clare now forecasts that the energy company will post earnings of $2.05 per share for the year, down from their previous estimate of $2.12. The consensus estimate for Ormat Technologies’ current full-year earnings is $1.94 per share. Roth Capital also issued estimates for Ormat Technologies’ FY2026 earnings at $2.38 EPS.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings results on Wednesday, May 7th. The energy company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.10. Ormat Technologies had a return on equity of 5.27% and a net margin of 13.33%. The firm had revenue of $229.76 million during the quarter, compared to the consensus estimate of $228.33 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. Ormat Technologies’s revenue for the quarter was up 2.5% on a year-over-year basis.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. boosted their target price on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a “neutral” rating in a research note on Friday, February 28th. Baird R W upgraded shares of Ormat Technologies to a “hold” rating in a report on Thursday, March 13th. Robert W. Baird started coverage on Ormat Technologies in a research report on Thursday, March 13th. They set a “neutral” rating and a $81.00 price objective for the company. Barclays raised their target price on Ormat Technologies from $75.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Jefferies Financial Group raised their price target on Ormat Technologies from $78.00 to $86.00 and gave the stock a “buy” rating in a research note on Tuesday, March 25th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Ormat Technologies presently has a consensus rating of “Hold” and an average target price of $84.33.

Ormat Technologies Stock Up 2.1 %

Shares of Ormat Technologies stock opened at $73.84 on Wednesday. Ormat Technologies has a fifty-two week low of $61.58 and a fifty-two week high of $84.30. The company has a quick ratio of 0.87, a current ratio of 0.95 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.48 billion, a P/E ratio of 37.67, a P/E/G ratio of 3.18 and a beta of 0.65. The business has a 50-day moving average price of $71.00 and a 200 day moving average price of $71.76.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 4th. Investors of record on Wednesday, May 21st will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, May 21st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.65%. Ormat Technologies’s payout ratio is 23.53%.

Insider Activity at Ormat Technologies

In other Ormat Technologies news, insider Jessica Woelfel sold 409 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $72.15, for a total value of $29,509.35. Following the transaction, the insider now owns 6,094 shares of the company’s stock, valued at approximately $439,682.10. The trade was a 6.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David Granot sold 1,666 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $69.00, for a total transaction of $114,954.00. Following the completion of the transaction, the director now directly owns 1,910 shares of the company’s stock, valued at approximately $131,790. This represents a 46.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,242 shares of company stock valued at $156,427 over the last quarter. 0.56% of the stock is owned by company insiders.

Institutional Investors Weigh In On Ormat Technologies

Institutional investors have recently modified their holdings of the business. Versant Capital Management Inc boosted its stake in Ormat Technologies by 132.4% during the 4th quarter. Versant Capital Management Inc now owns 402 shares of the energy company’s stock worth $27,000 after acquiring an additional 229 shares during the last quarter. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Ormat Technologies in the fourth quarter valued at about $34,000. AlphaQuest LLC raised its stake in shares of Ormat Technologies by 4,691.7% during the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company’s stock worth $39,000 after purchasing an additional 563 shares in the last quarter. UMB Bank n.a. lifted its stake in Ormat Technologies by 42.6% in the first quarter. UMB Bank n.a. now owns 880 shares of the energy company’s stock valued at $62,000 after acquiring an additional 263 shares during the last quarter. Finally, Signaturefd LLC lifted its stake in Ormat Technologies by 60.6% in the 1st quarter. Signaturefd LLC now owns 890 shares of the energy company’s stock valued at $63,000 after purchasing an additional 336 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

About Ormat Technologies

Ormat Technologies, Inc engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and internationally. It operates in 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.