<div id="readability-page-1"><p>Squarepoint Ops LLC purchased a new position in shares of  Ormat Technologies, Inc. (NYSE:ORA - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 13,700 shares of the energy company's stock, valued at approximately $1,148,000.</p><ul><li>The 6 Best Energy Stocks to Buy Now</li></ul><p>Several other hedge funds and other institutional investors have also recently bought and sold shares of ORA. Curio Wealth LLC lifted its holdings in  Ormat Technologies by 29,200.0% during the 2nd quarter. Curio Wealth LLC now owns 293 shares of the energy company's stock worth $25,000 after buying an additional 292 shares during the last quarter.  EverSource Wealth Advisors LLC raised its position in shares of  Ormat Technologies by 251.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the energy company's stock valued at $44,000 after acquiring an additional 374 shares in the last quarter.  GAMMA Investing LLC lifted its stake in  Ormat Technologies by 57.4% during the second quarter. GAMMA Investing LLC now owns 886 shares of the energy company's stock worth $74,000 after purchasing an additional 323 shares during the last quarter.  UMB Bank n.a. boosted its holdings in  Ormat Technologies by 20.3% in the second quarter. UMB Bank n.a. now owns 1,059 shares of the energy company's stock worth $89,000 after purchasing an additional 179 shares during the period.  Finally, Russell Investments Group Ltd. increased its stake in  Ormat Technologies by 30.7% during the first quarter. Russell Investments Group Ltd. now owns 1,072 shares of the energy company's stock valued at $76,000 after purchasing an additional 252 shares during the last quarter. 95.49% of the stock is owned by institutional investors. </p><div><p><span></span><span>Get <strong>Ormat Technologies</strong> alerts:</span></p></div><h2>Ormat Technologies Stock Performance</h2><p>Shares of NYSE ORA opened at $110.75 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.70 and a debt-to-equity ratio of 0.79. The stock has a 50 day simple moving average of $109.96 and a 200-day simple moving average of $96.67. The company has a market cap of $6.73 billion, a PE ratio of 50.80, a P/E/G ratio of 5.06 and a beta of 0.74. Ormat Technologies, Inc. has a 12-month low of $61.58 and a 12-month high of $116.66. </p><ul><li>How to Invest in Renewable Energy</li></ul><p>Ormat Technologies (NYSE:ORA - Get Free Report) last posted its earnings results on Monday, November 3rd. The energy company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.37 by $0.04. Ormat Technologies had a return on equity of 5.35% and a net margin of 14.12%.The firm had revenue of $249.73 million for the quarter, compared to analysts' expectations of $235.03 million. During the same period last year, the firm earned $0.36 EPS. The firm's revenue was up 17.9% compared to the same quarter last year.  On average, equities research analysts forecast that  Ormat Technologies, Inc. will post 1.94 EPS for the current year. </p><h2>Ormat Technologies Dividend Announcement</h2><p>The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were issued a $0.12 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.48 annualized dividend and a yield of 0.4%. Ormat Technologies's dividend payout ratio  is presently 22.02%. </p><h2>Analyst Upgrades and Downgrades</h2><p>A number of research analysts have recently issued reports on ORA shares. Cowen  restated a &#34;hold&#34; rating on shares of Ormat Technologies in a research report on Wednesday, November 5th. Jefferies Financial Group  restated a &#34;buy&#34; rating and issued a $125.00 target price on shares of Ormat Technologies in a research note on Monday, November 24th. UBS Group upped their target price on Ormat Technologies from $105.00 to $135.00 and gave the company a &#34;buy&#34; rating in a report on Friday, November 7th. Piper Sandler raised their price target on Ormat Technologies from $102.00 to $125.00 and gave the stock an &#34;overweight&#34; rating in a report on Thursday. Finally, TD Cowen upped their price objective on Ormat Technologies from $100.00 to $115.00 and gave the stock a &#34;hold&#34; rating in a research note on Thursday, December 11th. One analyst  has rated the stock with a Strong Buy rating, seven have assigned  a Buy rating and four have assigned  a Hold rating to the company's stock. According to MarketBeat, the stock currently has an average rating of &#34;Moderate Buy&#34; and an average price target of $120.22.</p><p><b>Check Out Our Latest Research Report on ORA</b></p><h2>Insider Transactions at Ormat Technologies</h2><p>In other Ormat Technologies news, CEO Doron Blachar sold 14,994 shares of the firm's stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $94.71, for a total transaction of $1,420,081.74. Following the transaction, the chief executive officer owned 35,419 shares of the company's stock, valued at approximately $3,354,533.49. This trade represents a 29.74% decrease in their position. The transaction was disclosed in a filing with the Securities &amp; Exchange Commission, which is available at this hyperlink. Also, Director Isaac Angel sold 18,018 shares of the company's stock in a transaction that occurred on Friday, November 7th. The stock was sold at an average price of $112.42, for a total transaction of $2,025,583.56. Following the completion of the sale, the director directly owned 29,650 shares of the company's stock, valued at approximately $3,333,253. This represents a 37.80% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 63,075 shares of company stock worth $6,708,505 over the last ninety days. Insiders own  0.56% of the company's stock. </p><h2>About Ormat Technologies</h2> (Free Report)<p>Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company's core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.  </p><p>Ormat's offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Ormat Technologies</li><li>High Dividend REITs: Are They an Ideal Way to Diversify?</li><li>These 3 Banks Are Rallying Into Year-End, But Will It Continue?</li><li>What Does a Gap Up Mean in Stocks? How to Play the Gap</li><li>3 Surging Stocks Just Got the Ultimate Stamp of Approval From the S&amp;P 500</li><li>The 3 Best Blue-Chip Stocks to Buy Now</li><li>This ETF Caught a Major Tailwind After the Fed’s Rate Cut</li></ul><p><strong>Want to see what other hedge funds are holding ORA?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ormat Technologies, Inc. (NYSE:ORA - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9SQQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5ZU0UmU3ltYm9sPU9SQQ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Ormat Technologies Right Now?</h2><p>Before you consider Ormat Technologies, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ormat Technologies wasn't on the list.</p><p>While Ormat Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Squarepoint Ops LLC acquired 13,700 shares of Ormat Technologies, Inc., valued at $1.15 million, during Q2. Institutional investors hold 95.49% of ORA stock. Analysts have issued a "Moderate Buy" rating with an average price target of $120.22. Ormat's Q3 earnings beat estimates, reporting $0.41 EPS and $249.73 million revenue, up 17.9% year-over-year. The company announced a $0.12 quarterly dividend, yielding 0.4%. Recent analyst upgrades include target prices up to $135.00.</p>

Squarepoint Ops LLC Takes $1.15 Million Position in Ormat Technologies, Inc. $ORA