Ormat TechnologiesORA
Market Cap: $4.4B
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 Q2 SEC filings by fund managers ($100M+ AUM)
182% more call options, than puts
Call options by funds: $156M | Put options by funds: $55.4M
150% more funds holding in top 10
Funds holding in top 10: 2 [Q1] → 5 (+3) [Q2]
16% more repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 95
9% more capital invested
Capital invested by funds: $3.57B [Q1] → $3.89B (+$326M) [Q2]
0.61% more ownership
Funds ownership: 89.32% [Q1] → 89.93% (+0.61%) [Q2]
1% less funds holding
Funds holding: 278 [Q1] → 276 (-2) [Q2]
6% less first-time investments, than exits
New positions opened: 34 | Existing positions closed: 36
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
Roth MKM Justin Clare 36% 1-year accuracy 10 / 28 met price target | 10%upside $80 | Buy Maintained | 12 Aug 2024 |
Oppenheimer Noah Kaye 69% 1-year accuracy 36 / 52 met price target | 18%upside $86 | Outperform Maintained | 8 Aug 2024 |
JP Morgan Mark Strouse 51% 1-year accuracy 28 / 55 met price target | 3%upside $75 | Neutral Maintained | 16 Jul 2024 |
Oppenheimer Noah Kaye 69% 1-year accuracy 36 / 52 met price target | 17%upside $85 | Outperform Maintained | 21 Jun 2024 |