The EVP Sales Marketing BD of Ormat Technologies Inc is Exercising Options


Today it was reported that the EVP Sales Marketing BD of Ormat Technologies Inc (ORA), Bob Sullivan, exercised options to sell 13,212 ORA shares at $42.87 a share, for a total transaction value of $957.6K.

Following Bob Sullivan’s last ORA Sell transaction on September 29, 2017, the stock climbed by 11.3%. In addition to Bob Sullivan, 4 other ORA executives reported Sell trades in the last month.

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Based on Ormat Technologies Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $184 million and quarterly net profit of $33.94 million. In comparison, last year the company earned revenue of $178 million and had a GAAP net loss of $343K. The company has a one-year high of $74.01 and a one-year low of $49.01. ORA’s market cap is $3.73B and the company has a P/E ratio of 42.24.

The insider sentiment on Ormat Technologies Inc has been negative according to 23 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

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Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other.

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