Ormat Technologies ORA
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
Ormat Technologies (ORA) Business Model and Operations Summary
Ormat Technologies Inc is engaged in the geothermal and recovered energy power business. It 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.
Key Insights
Ormat Technologies (ORA) Core Market Data and Business Metrics
Latest Closing Price
$70.77Market Cap
$4.28 BillionPrice-Earnings Ratio
36.11Total Outstanding Shares
60.50 Million SharesTotal Employees
1,512Dividend
$0.12 Per Share QuarterlyIPO Date
November 11, 2004SIC Description
Electric ServicesPrimary Exchange
New York Stock ExchangeHeadquarters
6884 Sierra Center Parkway, Reno, NV, 89511
Historical Stock Splits
| Execution Date | Split Amount |
|---|---|
| No Historical Stock Splits | |
Cash Flow Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Cash Flow From Financing Activities, Continuing | $414.43 Million |
| Net Cash Flow, Continuing | $-9.42 Million |
| Net Cash Flow From Investing Activities, Continuing | $-815.29 Million |
| Net Cash Flow From Operating Activities | $391.44 Million |
| Net Cash Flow From Operating Activities, Continuing | $391.44 Million |
| Net Cash Flow From Investing Activities | $-815.29 Million |
Income Statement
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Net Income/Loss | $127.45 Million |
| Basic Earnings Per Share | $1.96 |
| Income/Loss Before Equity Method Investments | $132.51 Million |
| Cost Of Revenue | $612.74 Million |
| Basic Average Shares | $60.76 Million |
| Diluted Average Shares | $60.99 Million |
Comprehensive Income
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Comprehensive Income/Loss Attributable To Noncontrolling Interest | $9.90 Million |
| Comprehensive Income/Loss Attributable To Parent | $119.27 Million |
| Comprehensive Income/Loss | $129.17 Million |
| Other Comprehensive Income/Loss | $1.72 Million |
Balance Sheet
October 1, 2023 to September 30, 2024
| Metric | Value |
|---|---|
| Equity Attributable To Parent | $2.39 Billion |
| Current Assets | $537.49 Million |
| Other Current Assets | $490.08 Million |
| Current Liabilities | $566.33 Million |
| Temporary Equity | $10.86 Million |
| Noncurrent Assets | $5.05 Billion |
Historical Dividends
Current dividend: $0.12 Per Share Quarterly
| Announcement Date | Payment Date | Record Date | Amount | Frequency |
|---|---|---|---|---|
| Feb 26, 2025 | Mar 26, 2025 | Mar 12, 2025 | $0.12 | Quarterly |
| Nov 6, 2024 | Dec 4, 2024 | Nov 20, 2024 | $0.12 | Quarterly |
| Aug 6, 2024 | Sep 3, 2024 | Aug 20, 2024 | $0.12 | Quarterly |
| May 8, 2024 | Jun 5, 2024 | May 22, 2024 | $0.12 | Quarterly |
| Feb 21, 2024 | Mar 20, 2024 | Mar 6, 2024 | $0.12 | Quarterly |
| Nov 8, 2023 | Dec 6, 2023 | Nov 22, 2023 | $0.12 | Quarterly |