Ormat Technologies with ticker code (ORA) have now 6 analysts in total covering the stock. The consensus rating is ‘Hold’. The target price ranges between 86 and 73 calculating the average target price we see 77.33. Given that the stocks previous close was at 66.27 this now indicates there is a potential upside of 16.7%. There is a 50 day moving average of 75.85 while the 200 day moving average is 71.71. The market cap for the company is $3,647m. You can visit the company’s website by visiting: https://www.ormat.com
The potential market cap would be $4,256m based on the market concensus.
Ormat Technologies engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras, and internationally. The company operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators. This segment also provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants. The Product segment serves contractors; developers, owners, and operators of geothermal power plants; and owners and operators of interstate natural gas pipelines, gas processing plants, and cement plants, as well as companies in other energy-intensive industrial processes. The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units. Ormat Technologies was founded in 1965 and is based in Reno, Nevada.
