Ormat Technologies with ticker code (ORA) now have 5 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 85 and 75 and has a mean target at 79.4. Given that the stocks previous close was at 82.93 this now indicates there is a potential downside of -4.3%. The 50 day moving average now sits at 80.15 while the 200 day moving average is 75.08. The company has a market cap of $4,646m. Company Website: https://www.ormat.com
The potential market cap would be $4,448m 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. It 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; and 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.
