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Jessica Woelfel, General Counsel, Chief Compliance Officer, and Corporate Secretary of Ormat Technologies Inc . (NYSE:ORA), a $4.4 billion market cap company, recently executed a stock sale. According to a recent SEC filing, Woelfel sold 409 shares of Ormat Technologies’ common stock on March 18, 2025, at an average price of $72.15 per share. The transaction totaled $29,509. InvestingPro analysis indicates the stock is currently trading above its Fair Value, with analysts setting price targets between $75 and $100.
This sale was conducted to meet tax withholding obligations related to the vesting of Performance Stock Units earlier in the month. Following this transaction, Woelfel retains ownership of 6,094 shares directly. The company maintains a "FAIR" financial health score according to InvestingPro metrics and has consistently paid dividends for 21 consecutive years, demonstrating long-term stability. For deeper insights into ORA’s valuation and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
In other recent news, Ormat Technologies reported its financial results for the fourth quarter of 2024, revealing an earnings per share (EPS) of $0.72, which surpassed analysts’ forecasts of $0.51. The company generated a revenue of $230.7 million, which was slightly below the expected $236.45 million. Despite the revenue shortfall, the strong EPS performance indicates effective cost management and operational efficiencies. In a notable development, Ormat Technologies announced that Mike Nikkel, a board member, will not seek reelection at the upcoming 2025 annual meeting. This decision follows the conclusion of a governance agreement with ORIX Corporation, which allowed ORIX to nominate a director. The company clarified that Nikkel’s departure is not due to any disagreements but is in line with ORIX’s guidelines. These recent developments highlight significant changes and financial performance at Ormat Technologies.
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