A number of firms have modified their ratings and price targets on shares of Ormat Technologies (NYSE: ORA) recently:

  • 2/7/2018 – Ormat Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ORMAT brings three decades of experience in the development, manufacture, and marketing of innovative power systems. ORMAT Energy Converter units, combined into modular power plants; use locally available heat sources, including geothermal energy (steam and hot water), recovered energy generation, solar energy, biomass, and low grade fuels. “
  • 1/27/2018 – Ormat Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $77.00 price target on the stock. According to Zacks, “ORMAT brings three decades of experience in the development, manufacture, and marketing of innovative power systems. ORMAT Energy Converter units, combined into modular power plants; use locally available heat sources, including geothermal energy (steam and hot water), recovered energy generation, solar energy, biomass, and low grade fuels. “
  • 1/25/2018 – Ormat Technologies had its price target raised by analysts at JPMorgan Chase & Co. from $72.00 to $75.00. They now have an “overweight” rating on the stock.
  • 1/24/2018 – Ormat Technologies had its “buy” rating reaffirmed by analysts at Cowen Inc. They now have a $75.00 price target on the stock.
  • 1/10/2018 – Ormat Technologies was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “ORMAT brings three decades of experience in the development, manufacture, and marketing of innovative power systems. ORMAT Energy Converter units, combined into modular power plants; use locally available heat sources, including geothermal energy (steam and hot water), recovered energy generation, solar energy, biomass, and low grade fuels. “
  • 1/8/2018 – Ormat Technologies is now covered by analysts at Guggenheim. They set a “buy” rating and a $72.00 price target on the stock.
  • 1/3/2018 – Ormat Technologies was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $72.00 price target on the stock. According to Zacks, “ORMAT brings three decades of experience in the development, manufacture, and marketing of innovative power systems. ORMAT Energy Converter units, combined into modular power plants; use locally available heat sources, including geothermal energy (steam and hot water), recovered energy generation, solar energy, biomass, and low grade fuels. “

Shares of Ormat Technologies, Inc. (NYSE ORA) traded up $0.35 during mid-day trading on Friday, hitting $65.21. The stock had a trading volume of 37,443 shares, compared to its average volume of 190,745. Ormat Technologies, Inc. has a twelve month low of $54.21 and a twelve month high of $70.68. The stock has a market capitalization of $3,325.24, a PE ratio of 27.99, a P/E/G ratio of 1.93 and a beta of 1.22. The company has a current ratio of 1.72, a quick ratio of 1.62 and a debt-to-equity ratio of 0.65.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings results on Tuesday, November 7th. The energy company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.06). Ormat Technologies had a net margin of 16.99% and a return on equity of 9.41%. The firm had revenue of $157.20 million during the quarter, compared to analysts’ expectations of $159.02 million. During the same quarter in the prior year, the business earned $0.56 EPS. The company’s quarterly revenue was down 14.8% compared to the same quarter last year. analysts forecast that Ormat Technologies, Inc. will post 2.21 EPS for the current year.

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.

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