Ormat Technologies Stock Buy Hold or Sell Recommendation
| ORA Stock | USD 64.57 0.82 1.29% |
Considering the 90-day investment horizon and your above-average risk tolerance, our recommendation regarding Ormat Technologies is 'Hold'. Macroaxis provides Ormat Technologies buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ORA positions. The advice algorithm takes into account all of Ormat Technologies' available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Ormat Technologies' buy or sell advice are summarized below:
Real Value 75.99 | Target Price 87.5 | Hype Value 64.57 | Market Value 64.57 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Ormat Technologies given historical horizon and risk tolerance towards Ormat Technologies. When Macroaxis issues a 'buy' or 'sell' recommendation for Ormat Technologies, the advice is generated through an automated system that utilizes algorithms and statistical models.
Ormat |
Execute Ormat Technologies Buy or Sell Advice
The Ormat recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Ormat Technologies. Macroaxis does not own or have any residual interests in Ormat Technologies or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Ormat Technologies' advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | Very Weak | Details | |
Volatility | Very steady | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Undervalued | Details | |
Odds Of Distress | Very Low | Details | |
Economic Sensitivity | Actively responds to the market | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Buy | Details | |
Financial Strenth (F Score) | Healthy | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Possible Manipulator | Details |
Ormat Technologies Trading Alerts and Improvement Suggestions
| Over 100.0% of the company shares are owned by institutional investors | |
| On 20th of March 2024 Ormat Technologies paid $ 0.12 per share dividend to its current shareholders | |
| Latest headline from investing.com: Israel stocks higher at close of trade TA 35 up 1.29 |
Ormat Technologies Returns Distribution Density
The distribution of Ormat Technologies' historical returns is an attempt to chart the uncertainty of Ormat Technologies' future price movements. The chart of the probability distribution of Ormat Technologies daily returns describes the distribution of returns around its average expected value. We use Ormat Technologies price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Ormat Technologies returns is essential to provide solid investment advice for Ormat Technologies.
| Mean Return | -0.03 | Value At Risk | -3.31 | Potential Upside | 3.10 | Standard Deviation | 1.99 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Ormat Technologies historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Ormat Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Ormat Technologies is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ormat Technologies backward and forwards among themselves. Ormat Technologies' institutional investor refers to the entity that pools money to purchase Ormat Technologies' securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Migdal Insurance & Financial Holdings Ltd | 2023-12-31 | 1 M | Wellington Management Company Llp | 2023-12-31 | 1 M | Neuberger Berman Group Llc | 2023-12-31 | 1 M | Goldman Sachs Group Inc | 2023-12-31 | 967.5 K | Harel Insurance Invests & Fin Srvcs Ltd | 2023-12-31 | 864.2 K | Northern Trust Corp | 2023-12-31 | 813.9 K | Morgan Stanley - Brokerage Accounts | 2023-12-31 | 586.6 K | Charles Schwab Investment Management Inc | 2023-12-31 | 554.5 K | Bank Of New York Mellon Corp | 2023-12-31 | 539.2 K | Blackrock Inc | 2023-12-31 | 9.4 M | Orix Corp | 2023-12-31 | 6.7 M |
Ormat Technologies Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | 5.5M | 178K | 4.1M | 5.6M | (22.2M) | (21.1M) | |
| Change In Cash | (24.4M) | 383.7M | (193.3M) | (116.8M) | 61.1M | 64.1M | |
| Free Cash Flow | (43.5M) | (55.7M) | (160.5M) | (282.5M) | (309.0M) | (293.5M) | |
| Depreciation | 148.8M | 156.6M | 183.0M | 198.8M | 231.0M | 242.5M | |
| Other Non Cash Items | (3.9M) | 1.4M | 6.5M | 46.0M | (13.0M) | (12.4M) | |
| Capital Expenditures | 280.0M | 320.7M | 419.3M | 563.5M | 618.4M | 649.3M | |
| Net Income | 93.5M | 101.8M | 76.1M | 77.8M | 124.4M | 130.6M | |
| End Period Cash Flow | 153.1M | 536.8M | 343.4M | 226.7M | 287.8M | 302.2M | |
| Dividends Paid | 22.4M | 22.5M | 27.0M | 27.1M | 28.4M | 15.6M | |
| Investments | (10.7M) | (21.0M) | (50.2M) | 38.3M | (612.0M) | (581.4M) | |
| Net Borrowings | (32.5M) | (92.3M) | (1.3M) | 198.9M | 179.0M | 187.9M | |
| Change To Netincome | 28.9M | 13.1M | 8.6M | 33.4M | 30.1M | 25.6M |
Ormat Technologies Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Ormat Technologies or Independent Power and Renewable Electricity Producers sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Ormat Technologies' price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Ormat stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | -0.17 | |
β | Beta against NYSE Composite | 1.61 | |
σ | Overall volatility | 2.04 | |
Ir | Information ratio | -0.06 |
Ormat Technologies Volatility Alert
Ormat Technologies exhibits very low volatility with skewness of -0.27 and kurtosis of 0.34. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Ormat Technologies' stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Ormat Technologies' stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Ormat Technologies Fundamentals Vs Peers
Comparing Ormat Technologies' fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Ormat Technologies' direct or indirect competition across all of the common fundamentals between Ormat Technologies and the related equities. This way, we can detect undervalued stocks with similar characteristics as Ormat Technologies or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Ormat Technologies' fundamental indicators could also be used in its relative valuation, which is a method of valuing Ormat Technologies by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Ormat Technologies to competition |
| Fundamentals | Ormat Technologies | Peer Average |
| Return On Equity | 0.0594 | -0.31 |
| Return On Asset | 0.0215 | -0.14 |
| Profit Margin | 0.15 % | (1.27) % |
| Operating Margin | 0.25 % | (5.51) % |
| Current Valuation | 5.91 B | 16.62 B |
| Shares Outstanding | 60.38 M | 571.82 M |
| Shares Owned By Insiders | 0.42 % | 10.09 % |
| Shares Owned By Institutions | 99.58 % | 39.21 % |
| Number Of Shares Shorted | 3.29 M | 4.71 M |
| Price To Earning | 54.81 X | 28.72 X |
| Price To Book | 1.68 X | 9.51 X |
| Price To Sales | 4.68 X | 11.42 X |
| Revenue | 829.42 M | 9.43 B |
| Gross Profit | 268.82 M | 27.38 B |
| EBITDA | 402.51 M | 3.9 B |
| Net Income | 124.4 M | 570.98 M |
| Cash And Equivalents | 95.87 M | 2.7 B |
| Cash Per Share | 4.71 X | 5.01 X |
| Total Debt | 2.12 B | 5.32 B |
| Debt To Equity | 1.05 % | 48.70 % |
| Current Ratio | 1.66 X | 2.16 X |
| Book Value Per Share | 38.36 X | 1.93 K |
| Cash Flow From Operations | 309.4 M | 971.22 M |
| Short Ratio | 7.39 X | 4.00 X |
| Earnings Per Share | 2.08 X | 3.12 X |
| Price To Earnings To Growth | 3.05 X | 4.89 X |
| Target Price | 78.0 | |
| Number Of Employees | 1.58 K | 18.84 K |
| Beta | 0.47 | -0.15 |
| Market Capitalization | 3.85 B | 19.03 B |
| Total Asset | 5.21 B | 29.47 B |
| Retained Earnings | 719.89 M | 9.33 B |
| Working Capital | 108.99 M | 1.48 B |
Note: Disposition of 805 shares by Doron Blachar of Ormat Technologies subject to Rule 16b-3 [view details]
Ormat Technologies Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Ormat . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 6694.21 | |||
| Daily Balance Of Power | 0.781 | |||
| Rate Of Daily Change | 1.01 | |||
| Day Median Price | 64.37 | |||
| Day Typical Price | 64.43 | |||
| Price Action Indicator | 0.61 | |||
| Period Momentum Indicator | 0.82 |
About Ormat Technologies Buy or Sell Advice
When is the right time to buy or sell Ormat Technologies? Buying financial instruments such as Ormat Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2023 | 2024 (projected) | Short and Long Term Debt Total | 1.9B | 2.1B | 2.1B | 2.2B | Total Assets | 4.4B | 4.6B | 5.2B | 5.5B |
Use Investing Ideas to Build Portfolios
In addition to having Ormat Technologies in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Candy and Soda Thematic Idea Now
Candy and Soda
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Candy and Soda theme has 13 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Candy and Soda Theme or any other thematic opportunities.
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Check out Ormat Technologies Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. For information on how to trade Ormat Stock refer to our How to Trade Ormat Stock guide.You can also try the Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. Drill down to check world indexes.
Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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Is Ormat Technologies' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ormat Technologies. If investors know Ormat will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ormat Technologies listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.84 | Dividend Share 0.48 | Earnings Share 2.08 | Revenue Per Share 13.958 | Quarterly Revenue Growth 0.174 |
The market value of Ormat Technologies is measured differently than its book value, which is the value of Ormat that is recorded on the company's balance sheet. Investors also form their own opinion of Ormat Technologies' value that differs from its market value or its book value, called intrinsic value, which is Ormat Technologies' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ormat Technologies' market value can be influenced by many factors that don't directly affect Ormat Technologies' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Ormat Technologies' value and its price as these two are different measures arrived at by different means. Investors typically determine if Ormat Technologies is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ormat Technologies' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.