Ormat Technologies (NYSE:ORA) Announces Earnings Results

Ormat Technologies (NYSE:ORA) released its quarterly earnings data on Wednesday. The energy company reported $1.30 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.38, FiscalAI reports. The business had revenue of $403.91 million during the quarter, compared to analysts’ expectations of $349.17 million. Ormat Technologies had a return on equity of 6.65% and a net margin of 10.97%.The business’s revenue was up 75.8% on a year-over-year basis. During the same quarter last year, the business posted $0.68 EPS.

Ormat Technologies Stock Down 0.7%

ORA stock traded down $0.82 during midday trading on Friday, hitting $121.70. The stock had a trading volume of 861,635 shares, compared to its average volume of 816,627. The business has a 50-day moving average of $111.26 and a two-hundred day moving average of $113.47. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.75. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 59.08, a price-to-earnings-growth ratio of 5.03 and a beta of 0.80. Ormat Technologies has a 52-week low of $70.42 and a 52-week high of $132.58.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 3rd. Investors of record on Wednesday, May 20th will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, May 20th. Ormat Technologies’s dividend payout ratio is presently 23.30%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ORA. UBS Group boosted their target price on Ormat Technologies from $143.00 to $152.00 and gave the company a “buy” rating in a research note on Friday. Barclays lifted their price target on shares of Ormat Technologies from $123.00 to $126.00 and gave the company an “overweight” rating in a report on Friday. JPMorgan Chase & Co. boosted their price objective on shares of Ormat Technologies from $106.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday. Jefferies Financial Group lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating and upped their price objective for the stock from $125.00 to $130.00 in a report on Friday, February 13th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $144.00 target price on shares of Ormat Technologies in a research report on Friday. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $132.00.

Insider Buying and Selling

In other news, insider Jessica Woelfel sold 2,359 shares of the business’s stock in a transaction on Tuesday, March 3rd. The shares were sold at an average price of $105.16, for a total transaction of $248,072.44. Following the sale, the insider owned 3,433 shares in the company, valued at approximately $361,014.28. The trade was a 40.73% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 3,364 shares of company stock worth $353,621 over the last ninety days. Company insiders own 0.56% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd bought a new stake in Ormat Technologies during the fourth quarter worth about $26,000. Los Angeles Capital Management LLC bought a new position in shares of Ormat Technologies during the fourth quarter valued at approximately $32,000. Smartleaf Asset Management LLC lifted its holdings in shares of Ormat Technologies by 245.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company’s stock valued at $33,000 after purchasing an additional 211 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Ormat Technologies by 251.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the energy company’s stock worth $44,000 after purchasing an additional 374 shares in the last quarter. Finally, HM Payson & Co. boosted its position in shares of Ormat Technologies by 100.0% in the 4th quarter. HM Payson & Co. now owns 400 shares of the energy company’s stock worth $44,000 after purchasing an additional 200 shares in the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Ormat Technologies

Here are the key news stories impacting Ormat Technologies this week:

• Positive Sentiment: Ormat posted Q1 adjusted EPS of $1.30, well above the $0.92 consensus estimate, while revenue climbed 75.8% year over year to $403.9 million. The beat was driven by stronger performance in energy storage and products, plus supportive merchant pricing. Article Title
• Positive Sentiment: Adjusted EBITDA rose 29.7% year over year to $194.9 million, reinforcing the view that profitability improved meaningfully in the quarter. Article Title
• Positive Sentiment: JPMorgan raised its price target on ORA to $123 from $106, signaling increased confidence in the stock’s near-term valuation even while keeping a neutral rating. Article Title
• Neutral Sentiment: The company also declared a quarterly dividend of $0.12 per share, which supports the investment case but is not a major catalyst by itself.
• Negative Sentiment: Despite the strong quarter, insider trading and some institutional filings show more selling than buying over the past six months, which may temper enthusiasm around the stock’s longer-term ownership trend. Article Title

Ormat Technologies Company Profile

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.