News headlines about Ormat Technologies (NYSE:ORA) have been trending positive on Tuesday, according to Alpha One. Alpha One, a unit of Accern, identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ormat Technologies earned a news impact score of 0.30 on Alpha One’s scale. Alpha One also gave media stories about the energy company an impact score of 30 out of 100, indicating that recent news coverage is unlikely to have an effect on the stock’s share price in the near term.

A number of research analysts have issued reports on the company. Cowen and Company reiterated an “outperform” rating and issued a $67.00 target price on shares of Ormat Technologies in a research report on Wednesday, April 12th. Roth Capital set a $66.00 target price on Ormat Technologies and gave the company a “buy” rating in a research report on Monday, March 6th. Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “strong-buy” rating and set a $67.00 target price on the stock in a research report on Saturday, March 4th. Oppenheimer Holdings Inc. set a $56.00 target price on Ormat Technologies and gave the company a “buy” rating in a research report on Tuesday, January 3rd. Finally, Craig Hallum reiterated a “buy” rating and issued a $70.00 target price on shares of Ormat Technologies in a research report on Thursday, January 12th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $61.50.

Ormat Technologies (NYSE:ORA) traded down 0.69% on Tuesday, reaching $57.57. The company’s stock had a trading volume of 120,771 shares. The stock’s 50 day moving average price is $57.45 and its 200 day moving average price is $52.44. Ormat Technologies has a 52-week low of $41.12 and a 52-week high of $59.63. The firm has a market cap of $2.86 billion, a PE ratio of 30.79 and a beta of 1.18.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 29th. Stockholders of record on Wednesday, March 15th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, February 16th. This is a boost from Ormat Technologies’s previous quarterly dividend of $0.07. Ormat Technologies’s dividend payout ratio is currently 15.73%.

TRADEMARK VIOLATION NOTICE: “Ormat Technologies (ORA) Getting Positive Media Coverage, Analysis Finds” was originally posted by Daily Political and is the property of of Daily Political. If you are viewing this piece on another site, it was illegally copied and republished in violation of United States and international copyright & trademark law. The correct version of this piece can be viewed at http://www.dailypolitical.com/2017/04/18/ormat-technologies-ora-getting-positive-media-coverage-analysis-finds.html.

About Ormat Technologies

Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.

5 Day Chart for NYSE:ORA

Receive News & Ratings for Ormat Technologies Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ormat Technologies Inc. and related companies with MarketBeat.com's FREE daily email newsletter.