Ormat TechnologiesORA
About: Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.
Employees: 1,576
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
937% more call options, than puts
Call options by funds: $196M | Put options by funds: $18.9M
5% more capital invested
Capital invested by funds: $3.94B [Q2] → $4.13B (+$199M) [Q3]
1% less funds holding
Funds holding: 277 [Q2] → 273 (-4) [Q3]
1.95% less ownership
Funds ownership: 90.89% [Q2] → 88.94% (-1.95%) [Q3]
11% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 37
17% less repeat investments, than reductions
Existing positions increased: 91 | Existing positions reduced: 109
40% less funds holding in top 10
Funds holding in top 10: 5 [Q2] → 3 (-2) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Roth MKM Justin Clare 81% 1-year accuracy 13 / 16 met price target | 13%upside $92 | Buy Reiterated | 8 Nov 2024 |
Oppenheimer Noah Kaye 89% 1-year accuracy 49 / 55 met price target | 12%upside $91 | Outperform Maintained | 8 Nov 2024 |
Financial journalist opinion
Based on 7 articles about ORA published over the past 30 days
