NEW YORK ( TheStreet) -- The ex-dividend date for Ormat Technologies (NYSE: ORA) is tomorrow, March 11, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $23.29 as of 10:21 a.m. ET, the dividend yield is 0.8%.

The average volume for Ormat has been 169,500 shares per day over the past 30 days. Ormat has a market cap of $1.1 billion and is part of the utilities sector and utilities industry. Shares are down 20.3% year to date as of the close of trading on Wednesday.

Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The company has a P/E ratio of 33.1, above the average utilities industry P/E ratio of 29.1 and above the S&P 500 P/E ratio of 17.5.

TheStreet Ratings rates Ormat as hold. Among the primary strengths of the company is its solid financial position based on a variety of debt and liquidity measures that we have evaluated. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and disappointing return on equity. You can view the full Ormat Ratings Report.

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