Ormat Technologies, Inc. which can be found using ticker (ORA) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price High/Low ranges between 105 and 85 suggesting an average Analsyt target price of $92.50. Given that the stocks previous close was at $85.48 and the analysts are correct then we can expect a percentage increase in value of 8.2%. The 50 day moving average now sits at $85.64 and the 200 moving average now moves to $88.95. The total market capitalization for the company now stands at $5,183m. Company Website: https://www.ormat.com
The potential market cap would be $5,609m 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 74.2, revenue per share of 13.1 and a 2.57% return on assets.
