Will owning Ormat Technologies Inc. (NYSE:ORA) amount to something?


At the close of the recent quarter, Ormat Technologies Inc. (NYSE:ORA)‘s balance sheet demonstrated total assets worth $2.5B and debt of 94.38M%. Compared to the previous period, the debt increased/decreased by growing.

Ormat Technologies Inc.’s total liabilities closing the latest quarter was $1.3B.

Let’s look into the technical of the stock

The Barchart Technical Opinion rating is a 96% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend. The market is in highly overbought territory. Beware of a trend reversal.

The assets that the firm listed at the close of the recent quarter comprised cash balance of 234.02M%. Net operating cash from the previous quarter was $71.46M, resulting in free cash flow of $18.58M. Compared to the previous period, net change in case was $(30.46M).

The cash that Ormat Technologies Inc. generated in the previous quarter stemmed from sales of 189.9M%, which increased 0.2%% in the same quarter, a year ago.

It cost Ormat Technologies Inc. some $115.49M to generate the sales of 189.9M% reported in the previous quarter as the cost of sales. After discounting the cost of sales in the income computations, Ormat Technologies Inc. emerged with gross income of $74.41M.

After considering other operating expenses, the firm closed with a net income figure. When that amount divided by the number of outstanding shares it closed up with EPS (earnings per share) of $0.70. For perspective on how Ormat Technologies Inc. reached at the EPS figure, shareholders should know that the firm closed the last quarter with diluted due shares of 50.49M.

Wall Street analysts reported investors should anticipate from Ormat Technologies Inc. EPS of $0.51 in the next quarter.

In addition to estimating the next quarter’s EPS, market analysts have weighed in on the stock of Ormat Technologies Inc. regarding whether shareholders should view it as a SELL, BUY or HOLD. Some 7 analysts have analyzed the stock so far, giving it an average recommendation of Overweight.

Ormat Technologies, Inc. (NYSE:ORA) today announced receipt of the final approval required for the execution of a Power Purchase Agreement (PPA) between ONGP LLC, a subsidiary of the Company, and Southern California Public Power Authority (SCPPA). Under the PPA, SCPPA will purchase 150MW of power generated by a portfolio of the Company’s new and existing geothermal power plants. SCPPA will resell the entire output to the Los Angeles Department of Water and Power (LADWP).