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Last $38.32 USD
Change Today +0.59 / 1.56%
Volume 92.8K
ORA On Other Exchanges
Symbol
Exchange
New York
Frankfurt
Tel Aviv
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

ormat technologies inc (ORA) Snapshot

Open
$37.68
Previous Close
$37.73
Day High
$38.34
Day Low
$37.68
52 Week High
04/1/15 - $39.42
52 Week Low
08/6/14 - $24.15
Market Cap
1.9B
Average Volume 10 Days
97.7K
EPS TTM
$1.18
Shares Outstanding
48.7M
EX-Date
03/12/15
P/E TM
32.5x
Dividend
$0.32
Dividend Yield
0.60%
Current Stock Chart for ORMAT TECHNOLOGIES INC (ORA)

ormat technologies inc (ORA) Related Businessweek News

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ormat technologies inc (ORA) Details

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation, including fossil fuel powered turbo-generators and heavy duty direct-current generators. It also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. This segment serves contractors; and owners and operators of geothermal power plants, interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The company was founded in 1965 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

1,095 Employees
Last Reported Date: 02/26/15
Founded in 1965

ormat technologies inc (ORA) Top Compensated Officers

Chief Executive Officer
Total Annual Compensation: $687.3K
Chief Financial Officer
Total Annual Compensation: $420.7K
Executive Vice President of Electricity Segme...
Total Annual Compensation: $304.7K
Executive Vice President of Market Developmen...
Total Annual Compensation: $297.7K
Executive Vice President of Engineering
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

ormat technologies inc (ORA) Key Developments

Ormat Technologies Inc. Signs Geothermal Power Purchase Agreement with Southern California Utility

Ormat Technologies has signed a 20-year power purchase agreement (PPA) with Southern California Public Power Authority (SCPPA) to supply electricity from the second phase of geothermal facility in Mineral County, Nevada, US. Under the terms of the deal, SCPPA will pay a rate of $81.25 per megawatt hour to Ormat. The electricity being purchased will be sold to the Los Angeles Department of Water and Power (LADWP). The LADWP will receive power through NV Energy's statewide transmission system, including one Nevada transmission line that links service areas in both northern and southern Nevada.

Ormat Technologies Inc. Reportedly Mulls Sale Of Geothermal Facilities To Northleaf Capital Partners

Ormat Technologies Inc. (NYSE:ORA) is reportedly seeking to sell Geothermal facilities to Northleaf Capital Partners. “Ormat Technologies Inc (NYSE:ORA) will sell a 40% interest in 106 MW of geothermal facilities to Canada's Northleaf Capital Partners,” the Pacific Business News said on February 27, 2015. “The value of the deal is estimated at approximately $180 million,” the daily said, citing public records. “The transaction, expected to be completed on March 15, will include the divestment of a minority stake in Ormat Technologies' 38-MW geothermal plant on Hawaii's Big Island. Ormat will provide day-to-day management control for the facilities, following the sale. The deal involves the creation of a new holding company named ORPD LLC and implies a total value of about $438 million,” according to the report.

Hawaii Electric Light Co. Awards Contract to Ormat Technologies

Hawaii Electric Light Co. awards contract to ORMAT. Ormat Technologies to provide it with more geothermal power. The extra 25MW will come from a new power plant at a new site, Hawaii Electric Light Co. Ormat provides 38MW of geothermal power from its Pohoiki plant. Ormat was one of six bidders for new contract.

 

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Industry Analysis

ORA

Industry Average

Valuation ORA Industry Range
Price/Earnings 32.5x
Price/Sales 3.1x
Price/Book 2.3x
Price/Cash Flow 34.5x
TEV/Sales 1.5x
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