The E.V.P. Electricty Segment of Ormat Technologies (NYSE: ORA) is Selling Shares

By Carrie Williams

Today, the E.V.P. Electricty Segment of Ormat Technologies (ORAResearch Report), Zvi Krieger, sold shares of ORA for $51.36K.

Following Zvi Krieger’s last ORA Sell transaction on August 12, 2019, the stock climbed by 5.7%.

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Based on Ormat Technologies’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $170 million and quarterly net profit of $15.61 million. In comparison, last year the company earned revenue of $166 million and had a net profit of $10.58 million. The company has a one-year high of $79.18 and a one-year low of $49.70. ORA’s market cap is $3.9B and the company has a P/E ratio of 41.67.

The insider sentiment on Ormat Technologies has been negative according to 27 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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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.