The EVP, Product Segment of Ormat Technologies Inc is Exercising Options

By Carrie Williams

Yesterday it was reported that the EVP, Product Segment of Ormat Technologies Inc (ORAResearch Report), Shlomi Argas, exercised options to sell 12,819 ORA shares at $42.87 a share, for a total transaction value of $874.9K.

Following Shlomi Argas’ last ORA Sell transaction on October 02, 2017, the stock climbed by 10.5%. In addition to Shlomi Argas, 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.

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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.