On September 20, 2024, Byron Wong, Director at Ormat Technologies Inc (ORA, Financial), sold 1,266 shares of the company. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 6,906 shares of Ormat Technologies Inc.
Ormat Technologies Inc, listed under the symbol ORA, operates in the energy sector where it focuses on geothermal and recovered energy power. The company designs, develops, builds, owns, and operates clean, environmentally friendly geothermal and recovered energy-based power plants, primarily in the United States.
Over the past year, Byron Wong has engaged in several transactions involving the company's stock, selling a total of 1,266 shares and purchasing none. This recent sale aligns with a broader trend observed within the company, where there have been nine insider sells and no insider buys over the past year.
On the date of the sale, shares of Ormat Technologies Inc were priced at $74.98. The company's market cap stood at approximately $4.57 billion. Ormat Technologies Inc's price-earnings ratio is currently 34.55, which is above the industry median of 15.605.
The stock is considered Modestly Undervalued with a price-to-GF Value ratio of 0.82, based on a GF Value of $91.75. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past returns and growth, and future business performance estimates.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation perspectives.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
