Ormat Technologies (ORA) PT Set at $67.00 by Cowen
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Ormat Technologies from a buy rating to a hold rating in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lifted their target price on Ormat Technologies from $72.00 to $75.00 and gave the company an overweight rating in a research note on Thursday, January 25th. TheStreet raised Ormat Technologies from a c+ rating to a b- rating in a research note on Monday, November 13th. Roth Capital set a $70.00 target price on Ormat Technologies and gave the company a buy rating in a research note on Monday, November 13th. Finally, Guggenheim began coverage on Ormat Technologies in a research note on Monday, January 8th. They set a buy rating and a $72.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus target price of $69.57.
Ormat Technologies (NYSE ORA) opened at $56.70 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.72. Ormat Technologies has a 12 month low of $55.01 and a 12 month high of $70.68. The firm has a market capitalization of $2,868.85, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.66 and a beta of 1.29.
Several institutional investors have recently made changes to their positions in ORA. Orix Corp acquired a new stake in shares of Ormat Technologies during the 4th quarter valued at about $702,829,000. Delek Group Ltd. acquired a new stake in shares of Ormat Technologies during the 4th quarter valued at about $41,008,000. Clal Insurance Enterprises Holdings Ltd lifted its holdings in shares of Ormat Technologies by 27.7% during the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,977,906 shares of the energy company’s stock valued at $126,507,000 after buying an additional 429,123 shares during the last quarter. Glenmede Trust Co. NA lifted its holdings in shares of Ormat Technologies by 145.4% during the 4th quarter. Glenmede Trust Co. NA now owns 498,692 shares of the energy company’s stock valued at $31,894,000 after buying an additional 295,435 shares during the last quarter. Finally, New Amsterdam Partners LLC NY acquired a new stake in shares of Ormat Technologies during the 3rd quarter valued at about $6,677,000. Institutional investors and hedge funds own 68.53% of the company’s stock.
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Ormat Technologies Company Profile
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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