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Ormat Technologies Stock

Ormat Technologies P/E 2024

Ormat Technologies P/E

39.36

Ticker

ORA

ISIN

US6866881021

WKN

A0DK9X

As of Nov 6, 2024, Ormat Technologies's P/E ratio was 39.36, a -3.24% change from the 40.68 P/E ratio recorded in the previous year.

The Ormat Technologies P/E history

Ormat Technologies Aktienanalyse

What does Ormat Technologies do?

Ormat Technologies Inc is a company that was founded in Israel in 1965. It is headquartered in Reno, Nevada, USA and is a leader in the development, production, and marketing of alternating current (AC) and direct current (DC) energy generation systems that are used as alternatives to fossil fuels. The company has developed various energy technologies that are in use worldwide. The history of Ormat Technologies Inc began with the creation of a new concept for electricity generation by founder Lucien Bronicki. A process was developed to extract thermal energy from geothermal steam and convert it into electrical power. Later, the conversion was also done using industrial waste, biomass, and other sources. This technology was refined and patented by Ormat Technologies. It eventually gained global recognition, demonstrating that it is one of the most promising methods of sustainable power supply. Ormat Technologies has divided its operations into different divisions to achieve clear direction and structure. The various divisions operated by the company are: 1. Ormat Engineered Systems: This division specializes in customized energy solutions for customers. It offers power generation plants and renewable energy systems tailored to the specific needs of each customer. 2. Energy Storage: This division develops technologies that enable the storage of excess energy for use when needed. This is particularly useful for renewable energy sources such as solar or wind power, which are not always consistently available. 3. Geothermal: The Geothermal division is Ormat Technologies' core business. It offers turnkey geothermal power plants that operate worldwide. Geothermal energy is one of the cleanest forms of power generation and is considered one of the best alternatives to fossil fuels. 4. Ormat Energy Converters: This division specializes in rectifiers used in power supply. They convert alternating current from the grid into direct current, which is required for many devices. 5. Solar: Ormat Technologies has recently started investing in photovoltaic energy to expand its portfolio and also offer solar-generated power. The company is capable of offering turnkey power plants, starting from design and planning to installation and operation. In addition to these services, Ormat Technologies also provides maintenance and repair services to ensure continuous operation. Output: Ormat Technologies Inc is a leading company in the development, production, and marketing of AC and DC energy generation systems. It is known for its geothermal power plants and customized energy solutions. Ormat Technologies ist eines der beliebtesten Unternehmen auf Eulerpool.com.

P/E Details

Deciphering Ormat Technologies's P/E Ratio

The Price to Earnings (P/E) Ratio of Ormat Technologies is a vital metric that investors and analysts use to determine the company’s market value relative to its earnings. It is calculated by dividing the current stock price by the earnings per share (EPS). A higher P/E ratio could suggest that investors are expecting higher future growth, while a lower ratio may indicate a potentially undervalued company or lower growth expectations.

Year-to-Year Comparison

Assessing Ormat Technologies's P/E ratio on a yearly basis provides insights into the valuation trends and investor sentiment. An increasing P/E ratio over the years signifies growing investor confidence and expectations for future earnings growth, while a decreasing ratio may reflect concerns over the company's profitability or growth prospects.

Impact on Investments

The P/E ratio of Ormat Technologies is a key consideration for investors aiming to balance risk and reward. A comprehensive analysis of this ratio, in conjunction with other financial indicators, aids investors in making informed decisions regarding buying, holding, or selling the company’s stocks.

Interpreting P/E Ratio Fluctuations

Fluctuations in Ormat Technologies’s P/E ratio can be attributed to various factors including changes in earnings, stock price movements, and shifts in investor expectations. Understanding the underlying reasons for these fluctuations is essential for predicting future stock performance and assessing the company's intrinsic value.

Frequently Asked Questions about Ormat Technologies stock

What is the price-to-earnings ratio of Ormat Technologies?

The price-earnings ratio of Ormat Technologies is currently 39.36.

How has the price-earnings ratio of Ormat Technologies changed compared to last year?

The price-to-earnings ratio of Ormat Technologies has increased by -3.24% fallen (meaning "decreased" or "dropped") compared to last year.

What consequences does a high price-earnings ratio have for investors?

A high price-to-earnings ratio indicates that the company's stock is relatively expensive and investors may potentially achieve a lower return.

What does a low price-earnings ratio mean?

A low price-earnings ratio means that the company's stock is relatively cheap and investors may potentially achieve a higher return.

Is the price-earnings ratio of Ormat Technologies high compared to other companies?

Yes, the price-to-earnings ratio of Ormat Technologies is high compared to other companies.

How does an increase in the price-earnings ratio of Ormat Technologies affect the company?

An increase in the price-earnings ratio of Ormat Technologies would lead to a higher market capitalization of the company, which in turn would lead to a higher valuation of the company.

How does a reduction in the price-to-earnings ratio of Ormat Technologies affect the company?

A decrease in the price-earnings ratio of Ormat Technologies would result in a lower market capitalization of the company, which in turn would lead to a lower valuation of the company.

What are some factors that influence the price-earnings ratio of Ormat Technologies?

Some factors that influence the price-earnings ratio of Ormat Technologies are the company's growth, financial position, industry development, and the overall economic situation.

How much dividend does Ormat Technologies pay?

Over the past 12 months, Ormat Technologies paid a dividend of 0.48 USD . This corresponds to a dividend yield of about 0.59 %. For the coming 12 months, Ormat Technologies is expected to pay a dividend of 0.49 USD.

What is the dividend yield of Ormat Technologies?

The current dividend yield of Ormat Technologies is 0.59 %.

When does Ormat Technologies pay dividends?

Ormat Technologies pays a quarterly dividend. This is distributed in the months of December, April, June, September.

How secure is the dividend of Ormat Technologies?

Ormat Technologies paid dividends every year for the past 22 years.

What is the dividend of Ormat Technologies?

For the upcoming 12 months, dividends amounting to 0.49 USD are expected. This corresponds to a dividend yield of 0.6 %.

In which sector is Ormat Technologies located?

Ormat Technologies is assigned to the 'Utilities' sector.

Wann musste ich die Aktien von Ormat Technologies kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Ormat Technologies from 9/3/2024 amounting to 0.12 USD, you needed to have the stock in your portfolio before the ex-date on 8/20/2024.

When did Ormat Technologies pay the last dividend?

The last dividend was paid out on 9/3/2024.

What was the dividend of Ormat Technologies in the year 2023?

In the year 2023, Ormat Technologies distributed 0.48 USD as dividends.

In which currency does Ormat Technologies pay out the dividend?

The dividends of Ormat Technologies are distributed in USD.

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Andere Kennzahlen von Ormat Technologies

Our stock analysis for Ormat Technologies Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Ormat Technologies Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.