Ormat Technologies, Inc. (ORA): Etty Rosner , SVP, Corporate Secretary of Ormat Technologies, Inc. sold 5,848 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 11, 2016 to the Securities and Exchange Commission. The shares were sold at $43.03 per share for a total value of $251,639.44 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 13, 2016, Doron Blachar (CFO) sold 3,613 shares at $40.85 per share price.On Mar 30, 2016, Bob Sullivan (EVP Sales Marketing BD) sold 1,900 shares at $40.29 per share price.Also, On Mar 16, 2016, Robert Eugene Joyal (director) sold 15,000 shares at $39.56 per share price.On Mar 14, 2016, Erez Klein (V.P., Operations) sold 7,708 shares at $40.68 per share price.
Ormat Technologies: On Tuesday, May 10, 2016 heightened volatility was witnessed in Ormat Technologies which led to swings in the share price. The shares opened for trading at $43.03 and hit $43.52 on the upside , eventually ending the session at $43.47, with a gain of 1.14% or 0.49 points. The heightened volatility saw the trading volume jump to 1,35,355 shares. The 52-week high of the share price is $45.13 and the company has a market cap of $2,147 M . The 52-week low of the share price is at $32.25.
Company has been under the radar of several Street Analysts.Ormat Technologies is Downgraded by JP Morgan to Neutral. Earlier the firm had a rating of Overweight on the company shares. The Rating was issued on May 6, 2016.
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 companys 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 Companys customers include Southern California Edison Sierra Pacific Power Company Nevada Power Company HELCO and SCPPA.