Mizuho Markets Americas LLC Decreases Stake in Ormat Technologies, Inc. $ORA
Mizuho Markets Americas LLC reduced its holdings in Ormat Technologies (NYSE:ORA) by 19.9% in the fourth quarter, selling 34,841 shares and retaining 140,481 shares valued at $15.5 million. Despite this reduction, Ormat Technologies reported strong quarterly earnings, significantly beating analyst expectations with $1.30 EPS and $403.9 million in revenue, a 75.8% year-over-year increase. The company also declared a quarterly dividend of $0.12 per share, and analysts largely maintain a "Moderate Buy" rating with an average target price of $133.18.
MAY 13·MarketBeat▲
Ormat Technologies (NYSE:ORA) Hits New 12-Month High - Still a Buy?
Ormat Technologies (NYSE:ORA) recently hit a new 52-week high of $133.56 after reporting strong quarterly results, beating EPS and revenue expectations. Analyst sentiment remains largely positive with a "Moderate Buy" consensus and an average price target of $131.64. The company also announced a quarterly dividend of $0.12 per share, and institutional investors have been actively buying shares, although insiders have made some sales.
APR 25·MarketBeat→
Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management Trims Stock Holdings in Ormat Technologies, Inc. $ORA
Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management has reduced its stake in Ormat Technologies, Inc. by 18.9% in the fourth quarter, selling 42,272 shares and now holding 181,665 shares valued at approximately $20.07 million. This makes Ormat its 12th largest position, accounting for about 2.8% of Mivtachim's portfolio. The article also notes continued insider selling, with Jessica Woelfel selling 2,359 shares, and highlights Ormat's "Moderate Buy" consensus analyst rating with an average target price of $128.64.
