8,810 Shares in Ormat Technologies, Inc. $ORA Bought by Flputnam Investment Management Co.

Posted by Geri Gentry on Aug 18th, 2026

Flputnam Investment Management Co. acquired a new stake in Ormat Technologies, Inc. (NYSE:ORA – Free Report) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 8,810 shares of the energy company’s stock, valued at approximately $959,000.

Several other hedge funds have also recently added to or reduced their stakes in ORA. Norges Bank acquired a new position in shares of Ormat Technologies during the 4th quarter worth about $86,545,000. Migdal Insurance & Financial Holdings Ltd. boosted its stake in Ormat Technologies by 155.8% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 886,526 shares of the energy company’s stock worth $97,935,000 after acquiring an additional 540,000 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Ormat Technologies by 62.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,073,639 shares of the energy company’s stock worth $89,928,000 after acquiring an additional 413,384 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in Ormat Technologies by 32.7% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,147,863 shares of the energy company’s stock valued at $128,469,000 after purchasing an additional 282,583 shares in the last quarter. Finally, Altshuler Shaham Ltd raised its holdings in Ormat Technologies by 5,810.5% in the first quarter. Altshuler Shaham Ltd now owns 254,625 shares of the energy company’s stock worth $28,254,000 after purchasing an additional 250,317 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ORA shares. Roth Capital restated a “buy” rating and issued a $135.00 price objective on shares of Ormat Technologies in a research report on Monday, May 11th. UBS Group lifted their target price on Ormat Technologies from $143.00 to $152.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Piper Sandler boosted their target price on Ormat Technologies from $125.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Oppenheimer lowered their price target on Ormat Technologies from $144.00 to $141.00 and set an “outperform” rating for the company in a report on Friday, August 7th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ormat Technologies in a research report on Friday, July 17th. Eight investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.83.

Get Our Latest Report on ORA

Ormat Technologies Stock Down 0.7%

Ormat Technologies stock opened at $113.90 on Tuesday. The company has a 50 day moving average of $113.17 and a 200-day moving average of $117.11. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. Ormat Technologies, Inc. has a twelve month low of $89.08 and a twelve month high of $146.39. The stock has a market capitalization of $7.00 billion, a PE ratio of 56.11, a price-to-earnings-growth ratio of 4.55 and a beta of 0.90.

Ormat Technologies (NYSE:ORA – Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.24. The business had revenue of $258.76 million for the quarter, compared to analyst estimates of $240.03 million. Ormat Technologies had a net margin of 10.66% and a return on equity of 6.61%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business posted $0.48 earnings per share. On average, equities research analysts anticipate that Ormat Technologies, Inc. will post 2.52 EPS for the current fiscal year.

Ormat Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Ormat Technologies’s dividend payout ratio (DPR) is currently 23.65%.

Insider Activity

In other news, Director David Granot sold 1,766 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $134.43, for a total transaction of $237,403.38. Following the completion of the transaction, the director directly owned 1,766 shares of the company’s stock, valued at $237,403.38. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Stanley Stern sold 250 shares of the stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $138.42, for a total value of $34,605.00. Following the transaction, the director owned 5,800 shares of the company’s stock, valued at approximately $802,836. The trade was a 4.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,769 shares of company stock worth $504,631 in the last three months. Company insiders own 0.50% of the company’s stock.

Ormat Technologies Profile

(Free Report)

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.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.