The E.V.P. Electricty Segment of Ormat Technologies Inc is Exercising Options

By Carrie Williams

Yesterday it was reported that the E.V.P. Electricty Segment of Ormat Technologies Inc (ORAResearch Report), Zvi Krieger, exercised options to sell 12,819 ORA shares at $42.87 a share, for a total transaction value of $908.5K.

Following Zvi Krieger’s last ORA Sell transaction on October 02, 2017, the stock climbed by 10.5%. In addition to Zvi Krieger, 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 June 30, the company posted quarterly revenue of $184 million and quarterly net profit of $33.94 million. In comparison, last year the company earned revenue of $178 million and had a GAAP net loss of $343K. ORA’s market cap is $3.62B and the company has a P/E ratio of 40.84. Currently, Ormat Technologies Inc has an average volume of 166.6K.

The insider sentiment on Ormat Technologies Inc has been negative according to 20 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Zvi Krieger’s trades have generated a -16.7% 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.