Ormat Technologies, Inc. (ORA) Analysts See $0.45 EPS

October 11, 2018 - By Marie Mckinney

Ormat Technologies, Inc. (NYSE:ORA) LogoInvestors sentiment increased to 0.86 in 2018 Q2. Its up 0.16, from 0.7 in 2018Q1. It is positive, as 24 investors sold Ormat Technologies, Inc. shares while 46 reduced holdings. 15 funds opened positions while 45 raised stakes. 21.71 million shares or 3.59% more from 20.95 million shares in 2018Q1 were reported.
Barclays Public Ltd Com reported 0% in Ormat Technologies, Inc. (NYSE:ORA). Clal Insurance Enterprises accumulated 2.42M shares. Commercial Bank Of Ny Mellon Corporation holds 0% or 259,457 shares. Schroder Investment Mngmt Group accumulated 87,544 shares. 16,136 were accumulated by Voya Mgmt Ltd Llc. Amalgamated Commercial Bank reported 5,418 shares. Neuberger Berman Gru Ltd Co accumulated 483,928 shares. New Amsterdam Lc New York invested in 1.82% or 144,949 shares. Psagot House holds 0% or 1,513 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys, a Florida-based fund reported 17,214 shares. Blackrock has invested 0.01% of its portfolio in Ormat Technologies, Inc. (NYSE:ORA). Moreover, Legal And General Grp Inc Public Limited has 0% invested in Ormat Technologies, Inc. (NYSE:ORA) for 14,602 shares. Products Prns Ltd reported 0.11% in Ormat Technologies, Inc. (NYSE:ORA). Jpmorgan Chase & Com holds 0% or 202,742 shares in its portfolio. Principal Financial Group Incorporated Inc owns 0% invested in Ormat Technologies, Inc. (NYSE:ORA) for 4,081 shares.

Since June 22, 2018, it had 0 insider buys, and 2 insider sales for $1.38 million activity. Sullivan Bob sold $1.16M worth of stock or 20,329 shares.

Analysts expect Ormat Technologies, Inc. (NYSE:ORA) to report $0.45 EPS on November, 6.They anticipate $0.03 EPS change or 7.14 % from last quarter’s $0.42 EPS. ORA’s profit would be $22.79 million giving it 28.66 P/E if the $0.45 EPS is correct. After having $0.32 EPS previously, Ormat Technologies, Inc.’s analysts see 40.63 % EPS growth. The stock decreased 2.18% or $1.15 during the last trading session, reaching $51.58. About 212,022 shares traded or 8.01% up from the average. Ormat Technologies, Inc. (NYSE:ORA) has declined 2.59% since October 11, 2017 and is downtrending. It has underperformed by 18.21% the S&P500.

Ormat Technologies, Inc. (NYSE:ORA) Ratings Coverage

Among 4 analysts covering Ormat Technologies (NYSE:ORA), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Ormat Technologies had 4 analyst reports since May 14, 2018 according to SRatingsIntel. The rating was downgraded by Guggenheim on Wednesday, June 13 to “Neutral”. J.P. Morgan downgraded Ormat Technologies, Inc. (NYSE:ORA) on Monday, May 14 to “Hold” rating. Roth Capital maintained the shares of ORA in report on Friday, May 18 with “Buy” rating. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Overweight” rating given on Thursday, August 9 by JP Morgan.

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company has market cap of $2.61 billion. The firm operates in two divisions, Electricity and Product. It has a 16.66 P/E ratio. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy power plants; and sells electricity.

More news for Ormat Technologies, Inc. (NYSE:ORA) were recently published by: Globenewswire.com, which released: “Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2018 Financial Results” on October 05, 2018. Businesswire.com‘s article titled: “Robbins Arroyo LLP: Ormat Technologies, Inc. (ORA) Officers and Directors Breached Their Fiduciary Duties to …” and published on September 14, 2018 is yet another important article.

Ormat Technologies, Inc. (NYSE:ORA) Institutional Positions Chart

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