Stanley Stern, a director at Ormat Technologies, Inc. (NASDAQ:ORA), sold shares totaling $75,108 on May 15, 2026, according to a recent Form 4 filing with the SEC.
The transaction involved the direct sale of 577 shares of common stock in the open market at $130.17 per share. Ormat's stock has surged 76% over the past year, with a P/E ratio of 63.84. Bond.az analysis suggests the stock appears overvalued relative to its fair value.
Following the sale, Stern directly holds 6,050 shares. The company has maintained dividend payments for 22 consecutive years, currently yielding 0.36%.
Ormat Technologies reported strong Q1 2026 results, with EPS of $1.30 beating the $0.91 estimate, and revenue of $403.9 million surpassing the $348.98 million forecast.
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