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Stanley Stern (AS:PBHP), a director of Ormat Technologies (NYSE:ORA) NASDAQ:ORA, sold 547 shares of common stock on June 20, 2025, at a price of $85.5422, for a total value of $46,791. The sale comes as the $5.2 billion renewable energy company trades near its 52-week high of $86.72, with an impressive 8% gain in the past week. InvestingPro analysis indicates the stock is currently overbought, trading at a P/E ratio of 42x. Following the transaction, Stern directly owns 6,137 shares of Ormat Technologies, which has maintained dividend payments for 21 consecutive years. According to InvestingPro’s Fair Value model, the stock appears overvalued at current levels. For deeper technical analysis and 10+ additional ProTips, explore the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Ormat Technologies reported a strong first-quarter performance for 2025, exceeding market expectations. The company announced earnings per share (EPS) of $0.66, surpassing the forecasted $0.5963, and revenue of $229.8 million, slightly above the anticipated $228.54 million. This performance highlights Ormat’s strategic focus on expanding its geothermal and energy storage capabilities. Additionally, Ormat completed the acquisition of the Blue Mountain geothermal power plant for $88 million, with plans to upgrade its capacity and add a solar facility. Barclays (LON:BARC) upgraded Ormat Technologies’ stock rating from Equalweight to Overweight, citing the increasing demand for geothermal energy driven by power shortages in the U.S. Ormat also expanded its executive team, appointing Aron Willis and Daniel Moelk to drive growth in its electricity segment and enhance its Enhanced Geothermal System initiatives. Furthermore, Ormat secured a $62 million Hybrid Tax Equity partnership with Morgan Stanley (NYSE:MS) Renewables Inc. to support its energy projects, reflecting its commitment to optimizing project economics and expanding its energy storage capabilities.
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