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

October 13, 2018 - By Ash

Ormat Technologies, Inc. (NYSE:ORA) LogoInvestors sentiment increased to 0.86 in 2018 Q2. Its up 0.16, from 0.7 in 2018Q1. It improved, 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.
Personal Advisors holds 103,728 shares. Signaturefd Limited Co has 4 shares for 0% of their portfolio. Utd Automobile Association holds 0% or 5,791 shares. Susquehanna Gru Llp holds 34,667 shares or 0% of its portfolio. Impax Asset Mgmt Limited invested in 882,419 shares or 1.14% of the stock. Cornerstone Inc reported 19 shares. Strs Ohio, Ohio-based fund reported 4,900 shares. Principal Financial has invested 0% of its portfolio in Ormat Technologies, Inc. (NYSE:ORA). Dimensional Fund Limited Partnership has invested 0.03% in Ormat Technologies, Inc. (NYSE:ORA). Tiaa Cref Inv Management Lc owns 87,494 shares for 0% of their portfolio. Northern Tru stated it has 532,719 shares or 0.01% of all its holdings. Engineers Gate Manager Limited Partnership accumulated 0.06% or 15,521 shares. Geode Mngmt Ltd Liability Corp owns 355,869 shares. Us Natl Bank De reported 11,911 shares stake. Neuberger Berman Group Ltd stated it has 483,928 shares.

Since June 22, 2018, it had 0 insider buys, and 2 sales for $1.38 million activity. $1.16 million worth of stock was sold by Sullivan Bob on Thursday, September 20.

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 $22.78M giving it 27.85 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 increased 0.80% or $0.4 during the last trading session, reaching $50.13. About 203,337 shares traded or 2.77% up from the average. Ormat Technologies, Inc. (NYSE:ORA) has declined 2.59% since October 14, 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 firm earned “Neutral” rating on Wednesday, June 13 by Guggenheim. The company was upgraded on Thursday, August 9 by JP Morgan. The rating was downgraded by J.P. Morgan to “Hold” on Monday, May 14. The rating was maintained by Roth Capital on Friday, May 18 with “Buy”.

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company has market cap of $2.54 billion. The firm operates in two divisions, Electricity and Product. It has a 16.19 P/E ratio. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy power plants; and sells electricity.

Another recent and important Ormat Technologies, Inc. (NYSE:ORA) news was published by Globenewswire.com which published an article titled: “Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2018 Financial Results” on October 05, 2018.

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

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