How to Buy Ormat Technologies Stock
Ormat Technologies Inc
Ormat Technologies is a renewable energy company located in Nevada, United States, which is part of the Utilities sector, and is traded under the ticker ORA on the NYSE exchange.
Ormat Technologies stock last closed at $63.11, down 1.05% from the previous day, and has decreased 26.17% in one year. It has underperformed other stocks in the Utilities - Renewable industry by 0.29 percentage points. Ormat Technologies stock is currently +7.46% from its 52-week low of $58.73, and -28.5% from its 52-week high of $88.26.
As of Apr 26, 2024, there are 60.36M shares of ORA outstanding. The market cap of ORA is $3.81B. In the past 24 hours, 679,968 ORA shares were traded.
How to Buy Ormat Technologies Stock
Wondering how to invest in Ormat Technologies stock? Here's how.
- Decide where to buy Ormat Technologies stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online stock brokerages and apps to help you determine where to buy Ormat Technologies stock.
- Create your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit funds into your brokerage account: Pick your payment method and add your information.
- Research Ormat Technologies stock: The Ormat Technologies ticker symbol is ORA. Is Ormat Technologies stock a good investment? Should you buy shares of ORA? How do ORA's underlying business fundamentals look? Do top analysts think Ormat Technologies is a good buy? Why has ORA's stock price moved recently? (Hint: Our stock market research tools can help you understand if ORA is a good stock to buy).
- Execute your ORA purchase: Decide if you will purchase ORA shares at the current market price or use a limit order to purchase ORA shares at a given price.
- Monitor your investment in ORA: Create a watchlist to the latest updates on your position in Ormat Technologies shares.
Step 1: Decide where to buy Ormat Technologies stock
You will need a brokerage account in order to access the NYSE market and buy ORA stock.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal info so you are able to buy ORA stock today.
How to Start a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal details to start a new trading account.
- Submit your application by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit funds into your brokerage account
Now that you've created your account on apps for stocks, you can securely and quickly fund your account:
Watch the walkthrough below for more details depositing money into your brokerage account.
Step 4: Research Ormat Technologies stock
After you have chosen the best place to buy Ormat Technologies stock, it's absolutely critical to research their stock prior to buying, so you truly understand the risk and opportunity.
Ormat Technologies Metrics
Ormat Technologies Overview
WallStreetZen was created to help average investors do more in-depth fundamental analysis in minutes instead of hours.
You can see all of the due diligence checks on ORA's stock page.
Is ORA stock undervalued or overvalued?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ORA's intrinsic value.
Using relative valuations methods:
- ORA could be undervalued based on its P/E ratio of 30.2x, relative to Utilities - Renewable industry P/E ratio of 31.66x
- ORA may be undervalued based on its P/B ratio of 1.65x, relative to Utilities - Renewable industry P/B ratio of 2.6x
- ORA could be overvalued based on its PEG ratio of 3.39x
You can access additional valuation research on ORA's stock here.
Is ORA a healthy company?
Passed Health Checks:
- There are more short-term assets than short-term liabilities on the ORA balance sheet.
- ORA profit margin has gone up from 9% to 15% in the past year.
- Total ORA debt is lower than 5 years ago, relative to shareholder equity.
Failed Health Checks:
- ORA has cash burn of 308982000. It does not have sufficient cash and short-term investments to cover this.
- There are more long-term liabilities than short-term assets on the ORA balance sheet.
- ORA has a relatively high debt to equity ratio of 1.19.
- ORA has $287.77M in cash and short term investments. This is not sufficient to cover its annual cash burn of $308.98M.
Is it a good time to buy Ormat Technologies stock, according to Wall Street analysts?
Out of 2 sell side analysts who give forecasts on ORA, the consensus analyst rating on ORA is a Buy
It's important to note that analyst ratings are not stock recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Ormat Technologies stock forecast page.
Metrics for Advanced ORA Traders
ORA Earnings
Last year, ORA earnings were $124.40M. In the last 5 year, ORA's earnings have gone up by 1.61% per year. This was slower than the Utilities - Renewable industry average of 3.8%.
Last year, ORA revenue was $829.42M. In the last 5 year, ORA's revenue has increased by 2.89% per year. This was slower than the Utilities - Renewable industry average of 10.33%.
You can research ORA's earnings and revenue performance here.
Are ORA insiders buying or selling the stock?
In the last year, insiders at ORA have sold more shares than they have bought.
Stanley 1. Stern, Director of ORA, was the latest ORA insider to sell. They sold $122,183.75 worth of ORA shares on Mar 28, 2024.
Research more about who owns ORA stock here.
Can I rely on ORA as an income stream?
Ormat Technologies pays a dividend of 0.76%, compared to the Utilities - Renewable industry's average dividend yield of 4.84%. If you owned $1,000 of ORA stock, you would have received $7.61 in the past 12 months.
Ormat Technologies dividend payments have consistently grown over the past decade but have not remained stable.
Dig into more info about Ormat Technologies dividend yield and history here.
What others are saying about ORA
One of the reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to find out what other investors have to say.
Step 5: Execute your ORA purchase
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally fine for most investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a particular dollar amount limit, use a limit order.
Click the Open button and your broker will place the order.
If you want additional assistance investing in stocks on eToro, watch the how to video below:
Step 6: Monitor your investment in ORA
Now that you own some shares in ORA, you'll want to keep up with your shares.
Add ORA to a watchlist to get notified of the latest news about your ORA stock.
ORA Feed
How to Buy Stock in Ormat Technologies
To reiterate, here are the 6 steps you need to take to buy Ormat Technologies stock right now:
- Decide where to buy Ormat Technologies stock
- Create your brokerage account
- Deposit funds into your brokerage account
- Research Ormat Technologies stock
- Execute your ORA purchase
- Monitor your investment in ORA
If you need a online brokerage, eToro is our recommended option.
Get Started with eToro TodayIf you want to get the latest scoop on your investment in Ormat Technologies, click below.
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