Breaking Finance News

Zacks Investment Research downgraded Ormat Technologies, Inc. (NYSE:ORA) to Hold in a report released today.

Yesterday Ormat Technologies, Inc. (NYSE:ORA) traded 0.17% higher at $47.43. The company’s 50-day moving average is $48.73 and its 200-day moving average is $44.80. The last stock close price is up 5.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 42,856 shares of the stock were exchanged, down from an average trading volume of 143,043

Zacks Investment Research has downgraded Ormat Technologies, Inc. (NYSE:ORA) to Hold in a report released on 10/05/2016.

See Chart Below

Ormat Technologies, Inc. (NYSE:ORA)

Ormat Technologies, Inc. has a 52 week low of $32.25 and a 52 week high of $51.19 with a P/E ratio of 15.76 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 4 firms have reported on the stock. The consensus target price is $39.50 with 0 firms rating the stock a strong buy, 1 firm rating the stock a buy, 2 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Ormat Technologies, Inc. (NYSE:ORA)

Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. The Company's equipment manufacturing operations are located in Israel. The Company conducts its business activities in two business segments: Electricity segment and Product segment. The Company's Electricity segment develops, builds, owns and operates geothermal and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world, and sells the electricity it generates. The Company's Product Segment designs, manufactures and sells equipment for geothermal and recovered energy-based electricity generation, remote power units and other power generating units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal, and recovered energy-based power plants.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Leave a Reply

Your email address will not be published. Required fields are marked *