ORIX Corp sold 3.70M ORA shares at $75.38 on 2024-12-13; stake reduced 55.4% to 2.98M shares
ORIX Corp divested 3,700,000 shares of ORMAT TECHNOLOGIES, INC. on 2024-12-13 at $75.38, reducing its holding from 6,676,077 shares to 2,976,077 shares—a reduction of 55.4% in stake size. The sale totaled $278,906,000.00. This material reduction in a major shareholder position warrants investor attention, particularly given the company's strong recent fundamentals: ORMAT reported annual revenue growth of +13.0%, a latest-quarter net income of $22,082,000.00, and a market cap of $4,384,548,135.00. Since the transaction, ORA has declined 8.5% over 30 days and 13.5% from its 52-week high of $83.84, trading at $72.50 versus the sale price of $75.38. The substantial exit by a significant institutional holder—executed at a price near the 52-week peak—may signal a reassessment of valuation or strategic positioning despite solid operational performance.