BlackRock Amends Ormat Tech Stake, Maintains Passive Position
Ticker: ORA · Form: SC 13G/A · Filed: Jan 29, 2024 · CIK: 1296445
| Field | Detail |
|---|---|
| Company | Ormat Technologies, INC. (ORA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 29, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
Related Tickers: ORA
TL;DR
**BlackRock still holds a big chunk of Ormat Technologies, signaling institutional confidence.**
AI Summary
BlackRock, Inc. filed an amended Schedule 13G/A on January 29, 2024, indicating its ownership in Ormat Technologies, Inc. (NYSE: ORA) as of December 31, 2023. This filing shows BlackRock's continued significant, though passive, stake in the company. For investors, this means a major institutional investor maintains confidence in Ormat, which can be a positive signal for the stock's stability and long-term outlook.
Why It Matters
This filing confirms BlackRock's ongoing substantial investment in Ormat Technologies, signaling institutional confidence in the company's future. It's important for investors to see major funds holding positions, as it can indicate stability and a belief in the company's long-term value.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or highly volatile changes.
Analyst Insight
Investors should note BlackRock's continued passive stake as a sign of institutional stability, but this filing alone doesn't suggest an immediate buy or sell action. It's a data point for long-term confidence.
Key Players & Entities
- BlackRock, Inc. (company) — the reporting person and institutional investor
- Ormat Technologies, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 29, 2024 (date) — the filing date of the SC 13G/A
- 686688102 (number) — the CUSIP number for Ormat Technologies' Common Stock
Forward-Looking Statements
- BlackRock will likely maintain a significant, passive stake in Ormat Technologies for the foreseeable future. (BlackRock, Inc.) — high confidence, target: 2025-01-29
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a passive ownership stake by an institutional investor.
Who is the reporting person in this filing?
The reporting person is BlackRock, Inc., identified by CIK 0001364742.
Which company's securities are being reported on?
The securities being reported on belong to ORMAT TECHNOLOGIES, INC., identified by CIK 0001296445.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), as indicated by the 'X' in the appropriate box on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 29, 2024 regarding ORMAT TECHNOLOGIES, INC. (ORA).