Ormat Technologies, Inc. with ticker code (ORA) now have 6 analysts in total covering the stock. The consensus rating is pointing to ‘Hold’. The target price High/Low ranges between 105 and 85 calculating the average target price we see $92.50. Now with the previous closing price of $85.57 this indicates there is a potential upside of 8.1%. The 50 day MA is $86.86 and the 200 moving average now moves to $88.50. The company has a market cap of $5,186m. Company Website: https://www.ormat.com
The potential market cap would be $5,606m based on the market consensus.
Ormat Technologies, Inc. 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 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, Inc. was founded in 1965 and is based in Reno, Nevada.
The company has a dividend yield of 0.56% with the ex dividend date set at 7-3-2023 (DMY).
Other points of data to note are a P/E ratio of 74.24, revenue per share of 13.1 and a 2.57% return on assets.
