Ormat Technologies Inc (NYSE:ORA) Institutional Investors Sentiment

January 3, 2018 - By simple simple

 Ormat Technologies Inc (NYSE:ORA) Institutional Investors Sentiment

Sentiment for Ormat Technologies Inc (NYSE:ORA)

Ormat Technologies Inc (NYSE:ORA) institutional sentiment decreased to 1.1 in 2017 Q3. Its down -0.20, from 1.3 in 2017Q2. The ratio is negative, as 75 institutional investors increased or opened new stock positions, while 68 sold and reduced equity positions in Ormat Technologies Inc. The institutional investors in our partner’s database now possess: 20.98 million shares, up from 20.58 million shares in 2017Q2. Also, the number of institutional investors holding Ormat Technologies Inc in their top 10 stock positions increased from 1 to 3 for an increase of 2. Sold All: 16 Reduced: 52 Increased: 57 New Position: 18.

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company has market cap of $3.27 billion. The firm operates in two divisions, Electricity and Product. It has a 27.77 P/E ratio. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy power plants; and sells electricity.

The stock increased 1.17% or $0.75 during the last trading session, reaching $64.71. About 173,296 shares traded or 11.98% up from the average. Ormat Technologies, Inc. (NYSE:ORA) has risen 34.71% since January 3, 2017 and is uptrending. It has outperformed by 18.01% the S&P500.

Analysts await Ormat Technologies, Inc. (NYSE:ORA) to report earnings on February, 27. They expect $0.55 earnings per share, down 1.79 % or $0.01 from last year’s $0.56 per share. ORA’s profit will be $27.83 million for 29.41 P/E if the $0.55 EPS becomes a reality. After $0.42 actual earnings per share reported by Ormat Technologies, Inc. for the previous quarter, Wall Street now forecasts 30.95 % EPS growth.

12 West Capital Management Lp holds 3.93% of its portfolio in Ormat Technologies, Inc. for 460,100 shares. Friedberg Investment Management owns 29,030 shares or 2.86% of their US portfolio. Moreover, Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) has 2.61% invested in the company for 679,326 shares. The Kansas-based Mitchell Capital Management Co has invested 2.36% in the stock. Clal Insurance Enterprises Holdings Ltd, a Israel-based fund reported 1.55 million shares.#img1#

Since January 1, 0001, it had 0 buys, and 11 sales for $7.29 million activity.

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

Ratings analysis reveals 86% of Ormat Technologies Inc’s analysts are positive. Out of 7 Wall Street analysts rating Ormat Technologies Inc, 6 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $32 while the high is $7100. The stock’s average target of $58 is -10.37% below today’s ($64.71) share price. ORA was included in 16 notes of analysts from January 4, 2016. On Monday, November 13 the stock rating was maintained by Roth Capital with “Buy”. The stock of Ormat Technologies, Inc. (NYSE:ORA) earned “Neutral” rating by JP Morgan on Friday, May 6. The firm has “Buy” rating given on Thursday, June 1 by Oppenheimer. On Thursday, August 3 the stock rating was maintained by Oppenheimer with “Buy”. On Monday, October 23 the stock rating was maintained by Cowen & Co with “Buy”. Barclays Capital upgraded Ormat Technologies, Inc. (NYSE:ORA) on Friday, May 26 to “Equal-Weight” rating. The firm has “Mkt Outperform” rating by Avondale given on Monday, December 19. The rating was maintained by Oppenheimer with “Buy” on Friday, May 5. Cowen & Co maintained the shares of ORA in report on Friday, August 18 with “Buy” rating. The firm has “Buy” rating by Cowen & Co given on Monday, July 17.

More notable recent Ormat Technologies, Inc. (NYSE:ORA) news were published by: Seekingalpha.com which released: “ORIX Heats Up Ormat Technologies” on May 05, 2017, also Globenewswire.com with their article: “Ormat Commissions the First Geothermal Power Plant in Honduras” published on September 26, 2017, Globenewswire.com published: “Ormat Technologies, Inc. to Host Conference Call Announcing Third Quarter 2017 …” on October 10, 2017. More interesting news about Ormat Technologies, Inc. (NYSE:ORA) were released by: Nasdaq.com and their article: “Ormat Technologies, Inc. (ORA) Ex-Dividend Date Scheduled for August 11, 2017” published on August 10, 2017 as well as Globenewswire.com‘s news article titled: “Ormat Announces Analyst and Investor Day on September 26, 2017” with publication date: September 18, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.