A Director at Ormat Technologies Inc is Exercising Options

By Carrie Williams

Today it was reported that a Director at Ormat Technologies Inc (ORAResearch Report), David Granot, exercised options to sell 7,500 ORA shares at $38.24 a share, for a total transaction value of $462.7K.

Following David Granot’s last ORA Sell transaction on November 27, 2018, the stock climbed by 7.3%. In addition to David Granot, one other ORA executive reported Sell trades in the last month.

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Based on Ormat Technologies Inc’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $199 million and quarterly net profit of $25.95 million. In comparison, last year the company earned revenue of $184 million and had a net profit of $69.51 million. ORA’s market cap is $3.14B and the company has a P/E ratio of 58.21. Currently, Ormat Technologies Inc has an average volume of 26.27K.

David Granot’s trades have generated a -9.3% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.

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Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other.