Ormat Technologies (Israel) Today

ORA Stock   24,320  120.00  0.50%   

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Ormat Technologies is trading at 24320.00 as of the 29th of March 2024, a 0.50% increase since the beginning of the trading day. The stock's open price was 24200.0. Ormat Technologies has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Ormat Technologies are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, and internationally. Ormat Technologies, Inc. was founded in 1965 and is based in Reno, Nevada. The company has 56.09 M outstanding shares. More on Ormat Technologies

Moving together with Ormat Stock

  0.89ENLT Enlight Renewable EnergyPairCorr

Moving against Ormat Stock

  0.75SAFE Safe-T GroupPairCorr
  0.67CGEN CompugenPairCorr
Follow Valuation Odds of Bankruptcy
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Ormat Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Ormat Technologies' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Ormat Technologies or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEOIsaac Angel
Thematic IdeaIT (View all Themes)
Business ConcentrationIT, Utilities - Independent Power Producers, Utilities, Computing (View all Sectors)
Ormat Technologies (ORA) is traded on Tel Aviv Stock Exchange in Israel and employs 1,385 people. The company currently falls under 'Large-Cap' category with a current market capitalization of 18.27 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Ormat Technologies's market, we take the total number of its shares issued and multiply it by Ormat Technologies's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Ormat Technologies operates under Utilities sector and is part of Utilities - Independent Power Producers industry. The entity has 56.09 M outstanding shares. Ormat Technologies has accumulated about 79.37 M in cash with 258.82 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 1.56.
Check Ormat Technologies Probability Of Bankruptcy
Ownership Allocation
Ormat Technologies owns a total of 56.09 Million outstanding shares. The majority of Ormat Technologies outstanding shares are owned by third-party entities. These institutional holders are usually referred to as non-private investors looking to secure positions in Ormat Technologies to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in Ormat Technologies. Please pay attention to any change in the institutional holdings of Ormat Technologies as this could imply that something significant has changed or is about to change at the company. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check Ormat Ownership Details

Ormat Stock Price Odds Analysis

What are Ormat Technologies' target price odds to finish over the current price? Depending on a normal probability distribution, the odds of Ormat Technologies jumping above the current price in 90 days from now is about 68.57%. The Ormat Technologies probability density function shows the probability of Ormat Technologies stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Ormat Technologies has a beta of -0.3851. This indicates as returns on benchmark increase, returns on holding Ormat Technologies are expected to decrease at a much lower rate. During the bear market, however, Ormat Technologies is likely to outperform the market. Additionally, ormat Technologies has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming NYSE Composite.
  Odds Below 24320.0HorizonTargetOdds Above 24320.0
31.25%90 days
 24,320 
68.57%
Based on a normal probability distribution, the odds of Ormat Technologies to move above the current price in 90 days from now is about 68.57 (This Ormat Technologies probability density function shows the probability of Ormat Stock to fall within a particular range of prices over 90 days) .

Ormat Technologies Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Ormat Technologies market risk premium is the additional return an investor will receive from holding Ormat Technologies long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Ormat Technologies. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Ormat Technologies' alpha and beta are two of the key measurements used to evaluate Ormat Technologies' performance over the market, the standard measures of volatility play an important role as well.

Ormat Stock Against Markets

Picking the right benchmark for Ormat Technologies stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Ormat Technologies stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Ormat Technologies is critical whether you are bullish or bearish towards Ormat Technologies at a given time. Please also check how Ormat Technologies' historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Ormat Technologies without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Ormat Technologies Corporate Directors

Ormat Technologies corporate directors refer to members of an Ormat Technologies board of directors. The board of directors generally takes responsibility for the Ormat Technologies' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Ormat Technologies' board members must vote for the resolution. The Ormat Technologies board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.
Ravit BarnivIndependent DirectorProfile
Ami BoehmIndependent DirectorProfile
Stanley SternIndependent DirectorProfile
Robert JoyalIndependent DirectorProfile

How to buy Ormat Stock?

Before investing in Ormat Technologies, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Ormat Technologies. To buy Ormat Technologies stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Ormat Technologies. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Ormat Technologies stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Ormat Technologies stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Ormat Technologies stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Ormat Technologies, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Ormat Stock please use our How to Invest in Ormat Technologies guide.

Already Invested in Ormat Technologies?

The danger of trading Ormat Technologies is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Ormat Technologies is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Ormat Technologies. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Ormat Technologies is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Ormat Technologies offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ormat Technologies' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ormat Technologies Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ormat Technologies Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ormat Technologies. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.
Note that the Ormat Technologies information on this page should be used as a complementary analysis to other Ormat Technologies' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.

Complementary Tools for Ormat Stock analysis

When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.