Ormat Technologies, Inc. (ORA) Files Form 4 Insider Selling : Doron Blachar Sells 10,439 Shares

Ormat Technologies, Inc. (ORA): Doron Blachar , CFO of Ormat Technologies, Inc. sold 10,439 shares on Apr 8, 2016. The Insider selling transaction was disclosed on Apr 11, 2016 to the Securities and Exchange Commission. The shares were sold at $40.61 per share for a total value of $423,927.78.

Currently the company Insiders own 24.9% of Ormat Technologies shares according to the proxy statements.In the past twelve weeks, the net percent change held by company insiders has changed by -5.09%.Institutional Investors own 38.72% of Ormat Technologies shares.During last six month period, the net percent change held by insiders has seen a change of -10.71%.

Shares of Ormat Technologies (ORA) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.28 points or -0.69% at $40.24 with 89,124 shares getting traded. Post opening the session at $40.54, the shares hit an intraday low of $40.0901 and an intraday high of $40.75 and the price vacillated in this range throughout the day. The company has a market cap of $1,976 M and the number of outstanding shares has been calculated to be 4,91,12,901 shares. The 52-week high of Ormat Technologies is $41.69 and the 52-week low is $32.25.

Ormat Technologies Money Flow Index Chart

Ormat Technologies Inc. is engaged in the geothermal and recovered energy power business. The Company designs develops builds owns and operates geothermal and recovered energy-based power plants various countries including the United States of America Kenya and Guatemala. The company’s equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity Segment and Product Segment. The Product Segment designs manufactures and sells equipment for geothermal and recovered energy-based electricity generation remote power units and other power generating units and provide services relating to the engineering procurement construction operation and maintenance of geothermal and recovered energy-based power plants. The Company’s customers include Southern California Edison Sierra Pacific Power Company Nevada Power Company HELCO and SCPPA.

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