The E.V.P. Market Develop. of Ormat Technologies Inc is Exercising Options

By Carrie Williams

Today it was reported that the E.V.P. Market Develop. of Ormat Technologies Inc (ORAResearch Report), Nir Wolf, exercised options to sell 1,999 ORA shares at $42.87 a share, for a total transaction value of $125.9K.

Following Nir Wolf’s last ORA Sell transaction on June 12, 2019, the stock climbed by 0.8%. In addition to Nir Wolf, 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 $3.2B and the company has a P/E ratio of 59.35. Currently, Ormat Technologies Inc has an average volume of 200.

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.

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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.