Ormat Technologies (ORA) : Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet Ltd reduced its stake in Ormat Technologies by 9.13% during the most recent quarter end. The investment management company now holds a total of 180,822 shares of Ormat Technologies which is valued at $8,155,072 after selling 18,159 shares in Ormat Technologies , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.Ormat Technologies makes up approximately 2.85% of Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet Ltd’s portfolio.
Other Hedge Funds, Including , Id Management As added ORA to its portfolio by purchasing 2,000 company shares during the most recent quarter which is valued at $90,280. Ormat Technologies makes up approx 0.03% of Id Management As’s portfolio.Nn Investment Partners Holdings N.v. boosted its stake in ORA in the latest quarter, The investment management firm added 1,684 additional shares and now holds a total of 24,084 shares of Ormat Technologies which is valued at $1,072,701. Ormat Technologies makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Creative Planning boosted its stake in ORA in the latest quarter, The investment management firm added 302 additional shares and now holds a total of 1,413 shares of Ormat Technologies which is valued at $62,935.
Ormat Technologies closed down -0.11 points or -0.25% at $44.66 with 62,122 shares getting traded on Wednesday. Post opening the session at $44.75, the shares hit an intraday low of $44.54 and an intraday high of $44.92 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, Ormat Technologies reported $0.59 EPS for the quarter, beating the analyst consensus estimate by $ 0.24 according to the earnings call on May 4, 2016. Analyst had a consensus of $0.35. The company had revenue of $151.60 million for the quarter, compared to analysts expectations of $138.37 million. The company’s revenue was up 26.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on Ormat Technologies. Ormat Technologies was Downgraded by JP Morgan to ” Neutral” 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.