$0.55 EPS Expected for Ormat Technologies, Inc. (ORA)

February 14, 2018 - By Clifton Ray

 $0.55 EPS Expected for Ormat Technologies, Inc. (ORA)
Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.20, from 1.3 in 2017Q2. It fall, as 16 investors sold Ormat Technologies, Inc. shares while 52 reduced holdings. 18 funds opened positions while 57 raised stakes. 20.98 million shares or 1.96% more from 20.58 million shares in 2017Q2 were reported.
Howe & Rusling Inc holds 0% in Ormat Technologies, Inc. (NYSE:ORA) or 40 shares. Los Angeles Capital And Equity Research reported 94,238 shares or 0.03% of all its holdings. Cortina Asset Ltd Liability holds 0.33% of its portfolio in Ormat Technologies, Inc. (NYSE:ORA) for 132,872 shares. Cap Fund Sa accumulated 3,900 shares or 0% of the stock. Meeder Asset Mngmt Inc has 7,084 shares. First Mercantile Trust has invested 0.09% in Ormat Technologies, Inc. (NYSE:ORA). Schwab Charles Inv Inc invested in 0.01% or 180,535 shares. Gabelli Funds Lc owns 104,555 shares. Friedberg Investment Management holds 2.86% or 29,030 shares. The New York-based One National Association has invested 0.06% in Ormat Technologies, Inc. (NYSE:ORA). Moreover, Advisors Asset Mgmt Incorporated has 0.01% invested in Ormat Technologies, Inc. (NYSE:ORA) for 5,941 shares. Gamco Invsts Inc Et Al reported 0.03% stake. Cubist Systematic Strategies Limited Liability Corp has invested 0.01% in Ormat Technologies, Inc. (NYSE:ORA). Bancorp Of America Corporation De has 91,033 shares for 0% of their portfolio. Prudential Public Limited holds 4,388 shares.

Since September 14, 2017, it had 0 insider purchases, and 10 sales for $6.85 million activity. $1.05M worth of Ormat Technologies, Inc. (NYSE:ORA) was sold by Klein Erez. Shares for $1.37M were sold by Argas Shlomi. $467,091 worth of stock was sold by Krieger Zvi on Thursday, September 28. The insider Granot David sold $144,150. The insider Sullivan Bob sold $621,982. 9,983 shares were sold by Rosner Etty, worth $601,276 on Thursday, September 28.

Analysts expect Ormat Technologies, Inc. (NYSE:ORA) to report $0.55 EPS on February, 27.They anticipate $0.01 EPS change or 1.79 % from last quarter’s $0.56 EPS. ORA’s profit would be $27.83M giving it 29.17 P/E if the $0.55 EPS is correct. After having $0.42 EPS previously, Ormat Technologies, Inc.’s analysts see 30.95 % EPS growth. The stock decreased 0.12% or $0.08 during the last trading session, reaching $64.17. About 8,391 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since February 14, 2017 and is uptrending. It has outperformed by 18.01% the S&P500.

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

Among 8 analysts covering Ormat Technologies Inc (NYSE:ORA), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ormat Technologies Inc had 20 analyst reports since January 4, 2016 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 3. The stock of Ormat Technologies, Inc. (NYSE:ORA) earned “Buy” rating by Oppenheimer on Friday, May 5. The rating was upgraded by Barclays Capital to “Equal-Weight” on Friday, May 26. The stock has “Buy” rating by Cowen & Co on Monday, July 17. JP Morgan downgraded it to “Neutral” rating and $43 target in Friday, May 6 report. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Buy” rating given on Monday, November 13 by Roth Capital. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Buy”. JP Morgan maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Thursday, January 25. JP Morgan has “Overweight” rating and $75 target. The rating was upgraded by Avondale on Monday, December 19 to “Mkt Outperform”. Oppenheimer maintained the shares of ORA in report on Thursday, June 1 with “Buy” rating.

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company has market cap of $3.25 billion. The firm operates in two divisions, Electricity and Product. It has a 27.54 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: Nasdaq.com, which released: “Ormat Technologies, Inc. to Host Conference Call Announcing Fourth Quarter and …” on January 29, 2018. Zacks.com‘s article titled: “Ormat Technologies to Acquire US Geothermal for $109.9M” and published on January 26, 2018 is yet another important article.

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