Last $27.04 USD
Change Today -0.04 / -0.15%
Volume 84.6K
ORA On Other Exchanges
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Exchange
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As of 8:04 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

ormat technologies inc (ORA) Snapshot

Open
$27.18
Previous Close
$27.08
Day High
$27.43
Day Low
$26.81
52 Week High
03/28/14 - $30.46
52 Week Low
07/30/13 - $22.15
Market Cap
1.2B
Average Volume 10 Days
54.3K
EPS TTM
$1.49
Shares Outstanding
45.5M
EX-Date
05/19/14
P/E TM
18.1x
Dividend
$0.20
Dividend Yield
0.70%
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. is engaged 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. As of February 25, 2014, it operated power plants with a net generating portfolio of 626 megawatts in the United States, Guatemala, and Kenya. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; 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 geothermal power plant owners and operators; and interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and companies in other energy-intensive industrial processes. The company was founded in 1972 and is based in Reno, Nevada. Ormat Technologies, Inc. is a subsidiary of Ormat Industries Ltd.

1,123 Employees
Last Reported Date: 02/28/14
Founded in 1972

ormat technologies inc (ORA) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $263.5K
Executive Vice President of Project Managemen...
Total Annual Compensation: $227.2K
Senior Vice President of Engineering
Total Annual Compensation: $198.1K
Executive Vice-President of Marketing & Sales...
Total Annual Compensation: $214.3K
Part-Time Advisor To Chief Executive Officer
Total Annual Compensation: $286.5K
Compensation as of Fiscal Year 2013.

ormat technologies inc (ORA) Key Developments

Ormat Technologies Inc. Announces Executive Changes

On July 9, 2014, Ormat Technologies Inc. effected several management changes, including the following: Mr. Zvi Krieger, Executive Vice President of Geothermal Resource, has been promoted to the position of Executive Vice President—Electricity Segment. As Executive Vice President of Geothermal Resource, Mr. Krieger supervised and managed its resource and exploration operations. In his new role, he will also assume the responsibility for its global power plants operations and will essentially assume some of the functions of principal operating officer of the company, which, until July 1, 2014, were handled primarily by Mr. Yoram Bronicki, who, as previously reported, assumed the position of Chairman of company Board of Directors. Mr. Krieger, 59, has served as its Executive Vice President of Geothermal Resource since November 4, 2009. Mr. Nadav Amir, a named executive officer and Executive Vice President of Operations of the company, stepped down from his current role and will become a part-time advisor to its Chief Executive Officer.

Ormat Technologies Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-06-2014 09:30 AM

Ormat Technologies Inc. Presents at Ardour Capital Investments Energy Technology & Sustainability Conference, Jun-06-2014 09:30 AM. Venue: Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022-4834, United States. Speakers: Doron Blachar, Chief Financial Officer.

Ormat Technologies Inc. Approves Payment of Quarterly Dividend, Payable on May 30, 2014; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2014; Reaffirms Earnings Guidance for the Year 2014

Ormat Technologies Inc. announced that its Board of Directors approved a payment of a quarterly dividend of $0.05 per share pursuant to the company's dividend policy, which targets an annual payoff ratio of at least 20% of the company's net income. The dividend will be paid on May 30, 2014 to shareholders of record as of closing of business on May 21, 2014. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported total revenues of $142,436,000 against $118,906,000 a year ago. Operating income was $42,571,000 against $7,684,000 a year ago. Income before income taxes and equity in losses of investees was $28,306,000 against loss before income taxes and equity in losses of investees of $1,507,000 a year ago. Income from continuing operations was $21,789,000 or $0.47 per basic and diluted share against loss from continuing operations of $5,554,000 or $0.12 per basic and diluted share a year ago. Net income attributable to the company's stockholders was $21,552,000 or $0.47 per basic and diluted share against net loss attributable to the company's stockholders of $5,034,000 or $0.11 per basic and diluted share a year ago. EBITDA was $70,591,000 against $36,752,000 a year ago. Adjusted EBITDA was $70,591,000 against $45,731,000 a year ago. Net cash provided by operating activities was $68,076,000 against $18,216,000 a year ago. The company reaffirms 2014 guidance and expects total revenues to be between $540.0 million to $560.0 million with electricity revenues ranging $370.0 million to $380.0 million and product segment revenues to be between $170.0 million and $180.0 million, including a $36.0 million contribution from the Sarulla project. The company plans to increase the total of $97 million in capital expenditures and new projects under construction or enhancement. An additional $93 million is budgeted for development, exploration activity, maintenance capital for operating projects, and investments in machinery and equipment, as well as $68.1 million for debt repayment.

 

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Valuation ORA Industry Range
Price/Earnings 19.3x
Price/Sales 2.2x
Price/Book 1.6x
Price/Cash Flow 18.2x
TEV/Sales 0.2x
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