ORA Stock Summary and Trading Ideas (Ormat Technologies | NYSE:ORA)

Ormat Technologies Inc is engaged in the geothermal energy power business. The company is engaged in three business segments: Electricity Segment. where the company develops, builds, owns and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries and sell the electricity generated. Product Segment includes designing, manufacturing and selling equipment for geothermal and recovered energy-based electricity generation and providing services relating to the engineering, procurement and construction of geothermal and recovered energy-based power plants. Energy Storage Segment includes owning and operating grid-connected which provide capacity, energy and ancillary services directly to the electric grid.

Ormat Technologies trades on the NYSE stock market under the symbol ORA.

As of March 3, 2025, ORA stock price declined to $68.73 with 406,330 million shares trading.

ORA has a beta of 0.67, meaning it tends to be less sensitive to market movements. ORA has a correlation of 0.11 to the broad based SPY ETF.

ORA has a market cap of $4.16 billion. This is considered a Mid Cap stock.

Last quarter Ormat Technologies reported $231 million in Revenue and $.72 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.22.

In the last 3 years, ORA traded as high as $101.81 and as low as $58.73.

The top ETF exchange traded funds that ORA belongs to (by Net Assets): IJH, VTI, IWM, VB, VXF.

ORA has underperformed the market in the last year with a return of +7.3%, while the SPY ETF gained +16.7%. In the last 3 month period, ORA fell short of the market, returning -15.8%, while SPY returned -2.2%. However, in the most recent 2 weeks ORA has outperformed the stock market by returning +8.8%, while SPY returned -4.3%.

ORA support price is $68.53 and resistance is $71.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ORA shares will trade within this expected range on the day.