Ormat Technologies found using ticker (ORA) now have 5 analysts in total covering the stock. The consensus rating is ‘Buy’. The target price ranges between 78 and 68 with the average target price sitting at 73.6. With the stocks previous close at 74.99 this now indicates there is a potential downside of -1.9%. The day 50 moving average is 72.29 and the 200 day moving average is 65.5. The market cap for the company is $3,724m. Find out more information at: http://www.ormat.com
Ormat Technologies engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, New Zealand, Honduras, and internationally. The company operates through three segments: Electricity, Product, and Energy Storage and Management Services. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic (PV), 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, solar PV, 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 and Management Services segment offers energy storage, demand response, and energy management 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.