Ormat Technologies Inc is a conglomerate that has positioned itself at the forefront of the AI industry. In the past five years alone, the company has seen an impressive growth rate of 1.36% in yearbook sales. With an average yearly earnings per share of 77.29%, the company is delivering solid financial performance. Its outstanding shares have now reached $60.35 million, with a float of $60.23 million.
With 1480 employees, Ormat Technologies Inc demonstrates a strong efficiency factor. In terms of profitability, the company boasts healthy margins such as a gross margin of +36.62, operating margin of +25.47, and a pretax margin of +13.02. These figures indicate that the company is well-positioned to capitalize on the AI boom.
Taking into account the sentiment of large-scale investors, the insider ownership of Ormat Technologies Inc stands at 0.21%, while institutional ownership is at an impressive 102.75%. Recent insider transactions have shown positive signs, with directors selling shares at favorable rates. Overall, the company’s insiders now hold a significant 41,933 shares.
The last quarterly report revealed that Ormat Technologies Inc exceeded expectations with earnings per share (EPS) of $0.59, surpassing the consensus figure of $0.35 by $0.24. The company achieved a net margin of +8.97 and a return on equity of 3.54. Analysts on Wall Street anticipate earnings of $0.94 per share for the current fiscal year, with a projected earnings growth of 77.29% for the next fiscal year.
Market analysts foresee a promising future for Ormat Technologies Inc, with anticipated EPS growth of 34.35% over the next five years. This demonstrates a significant improvement compared to a drop of -14.88% over the previous five years. In terms of volatility, the stock has shown a historical volatility of 48.63% in the past 14 days, indicating potential for growth and profit.
With a market capitalization of $3.88 billion and impressive sales and income figures, Ormat Technologies Inc is well-positioned to ride the AI revolution for profit. Its strong financial performance, insider and institutional ownership, and anticipated earnings growth make it a top contender in the AI stock landscape.
Keep an eye on Ormat Technologies Inc as it continues to leverage the power of AI to drive innovation and capture market opportunities. By investing strategically in this leading AI stock, you could position yourself for substantial future gains. Don’t miss out on the potential windfall of the AI boom – invest in Ormat Technologies Inc today.
