Ormat Technologies Inc (ORA)

NYSE
Currency in USD
67.24
+1.14(+1.72%)
Closed
After Hours
67.240.00(0.00%)
ORA Scorecard
Full Analysis
Trading at a high earnings multiple
Fair Value
Day's Range
67.2468.36
52 wk Range
59.4184.30
Key Statistics
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Prev. Close
66.1
Open
68.19
Day's Range
67.24-68.36
52 wk Range
59.41-84.3
Volume
414.63K
Average Vol. (3m)
599.68K
1-Year Change
-5.5%
Book Value / Share
39.51
Fair Value
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Fair Value Upside
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ORA Scorecardpro icon
Company’s Health
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Fair Value
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Fair Pricepro lock
Upsidepro lock
Price Target
83.78
Upside
+24.60%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high P/E ratio relative to near-term earnings growth
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Ormat Technologies Inc Company Profile

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. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers battery energy storage systems and related services. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.

Sector
Utilities
Employees
1576

Ormat Technologies Inc SWOT Analysis


Future Outlook
With a $73-$75 price target range, Ormat's success hinges on capacity expansion, PPA pricing, and execution of new ventures in a competitive landscape
Strategic Diversification
Explore Ormat's ventures into Energy Storage and AI-powered data centers, potentially positioning the company at the forefront of clean energy innovation
Financial Resilience
Despite setbacks, Ormat surpassed Q2 expectations with $440M EBITDA, raising 2024 targets. Analysts project continued profitability
Geothermal Giant
Ormat Technologies, a $4.4B market cap leader in geothermal and recovered energy power, faces growth opportunities amid operational challenges
Read full SWOT analysis

Ormat Technologies Inc Earnings Call Summary for Q1/2024

  • Q1 2024: Total revenues up 21%, earnings per diluted share up 25.5%, adjusted EBITDA up 14.4% year-over-year
  • Quarterly dividend of $0.12/share declared; 130 MW new generating capacity added; on track for expansion goals
  • 30-year PPA signed in Guadeloupe; strong demand from data centers; energy storage segment performing well
  • 2024 outlook: 7% revenue increase, 10% adjusted EBITDA increase; CapEx budget revised to $550-570 million
  • Strategic acquisitions and operational improvements driving growth; confident in meeting long-term targets
Last Updated: 05/10/2024, 11:42 AM
Read Full Transcript

Compare ORA to Peers and Sector

Metrics to compare
ORA
Peers
Sector
Relationship
P/E Ratio
33.7x17.9x11.8x
PEG Ratio
4.400.190.02
Price / Book
1.7x1.2x1.3x
Price / LTM Sales
4.5x2.5x1.5x
Upside (Analyst Target)
15.7%42.4%23.1%
Fair Value Upside
Unlock2.2%3.9%Unlock

Analyst Ratings

3 Buy
6 Hold
0 Sell
Ratings:
9 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 83.78

(+24.60% Upside)

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 1.96
Dividend Yield
0.73%
Industry Median 2.73%
Annualized Payout
0.4800
Paid quarterly
5-Years Growth
+1.76%
Growth Streak

Earnings

Latest Release
Nov 6, 2024
EPS / Forecast
0.36 / 0.3114
Revenue / Forecast
211.80M / 215.53M
EPS Revisions
Last 90 days

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FAQ

What Is the Ormat (ORA) Stock Price Today?

The Ormat stock price today is 67.24

What Stock Exchange Does Ormat Trade On?

Ormat is listed and trades on the NYSE stock exchange.

What Is the Stock Symbol for Ormat?

The stock symbol for Ormat is "ORA."

Does Ormat Pay Dividends? What’s The Current Dividend Yield?

The Ormat dividend yield is 0.71%.

What Is the Ormat Market Cap?

As of today, Ormat market cap is 4.07B.

What is Ormat Earnings Per Share?

The Ormat EPS is 1.96.

What Is the Next Ormat Earnings Date?

Ormat will release its next earnings report on Feb 19, 2025.

From a Technical Analysis Perspective, Is ORA a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Sell.
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