What is Roth Capital’s Forecast for ORA FY2025 Earnings?

Ormat Technologies, Inc. (NYSE:ORA) – Investment analysts at Roth Capital reduced their FY2025 EPS estimates for shares of Ormat Technologies in a research report issued to clients and investors on Monday, May 5th. Roth Capital analyst J. Clare now anticipates that the energy company will post earnings of $2.05 per share for the year, down from their prior forecast 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.

A number of other equities research analysts have also weighed in on ORA. JPMorgan Chase & Co. boosted their price objective on shares of Ormat Technologies from $71.00 to $75.00 and gave the company a “neutral” rating in a report on Friday, February 28th. Jefferies Financial Group increased their price objective on Ormat Technologies from $78.00 to $86.00 and gave the company a “buy” rating in a report on Tuesday, March 25th. StockNews.com raised Ormat Technologies from a “sell” rating to a “hold” rating in a report on Monday, April 7th. Baird R W raised shares of Ormat Technologies to a “hold” rating in a research report on Thursday, March 13th. Finally, Robert W. Baird started coverage on shares of Ormat Technologies in a report on Thursday, March 13th. They issued a “neutral” rating and a $81.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $83.56.

Ormat Technologies Stock Up 1.3 %

Ormat Technologies stock opened at $72.09 on Wednesday. The stock has a market capitalization of $4.37 billion, a price-to-earnings ratio of 36.78, a PEG ratio of 3.18 and a beta of 0.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.95 and a quick ratio of 0.87. The business has a fifty day moving average price of $70.84 and a 200-day moving average price of $71.80. Ormat Technologies has a 1-year low of $61.58 and a 1-year high of $84.30.

Hedge Funds Weigh In On Ormat Technologies

Hedge funds have recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in Ormat Technologies by 132.4% in the 4th quarter. Versant Capital Management Inc now owns 402 shares of the energy company’s stock valued at $27,000 after purchasing an additional 229 shares in the last quarter. Stuart Chaussee & Associates Inc. purchased a new stake in Ormat Technologies during the 4th quarter valued at about $34,000. AlphaQuest LLC grew its stake in Ormat Technologies by 4,691.7% during the 4th quarter. AlphaQuest LLC now owns 575 shares of the energy company’s stock valued at $39,000 after acquiring an additional 563 shares in the last quarter. UMB Bank n.a. raised its holdings in Ormat Technologies by 42.6% in the 1st 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, CWM LLC boosted its holdings in shares of Ormat Technologies by 294.2% during the 1st quarter. CWM LLC now owns 887 shares of the energy company’s stock worth $63,000 after purchasing an additional 662 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Insiders Place Their Bets

In related news, Director David Granot sold 1,666 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $69.00, for a total value of $114,954.00. Following the completion of the sale, the director now owns 1,910 shares of the company’s stock, valued at approximately $131,790. The trade was a 46.59 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jessica Woelfel sold 409 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $72.15, for a total transaction of $29,509.35. Following the transaction, the insider now directly owns 6,094 shares in the company, valued at approximately $439,682.10. The trade was a 6.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,242 shares of company stock worth $156,427. 0.56% of the stock is owned by corporate insiders.

Ormat Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Wednesday, March 12th were issued a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.48 dividend on an annualized basis and a yield of 0.67%. Ormat Technologies’s payout ratio is 23.53%.

Ormat Technologies 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.