Ormat Technologies' (ORA) "Neutral" Rating Reiterated at Roth Capital – MarketBeat

Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Ormat Technologies (NYSE:ORA – Get Rating)‘s stock had its “neutral” rating restated by stock analysts at Roth Capital in a research report issued to clients and investors on Sunday, PriceTargets.com reports.
Several other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Ormat Technologies from $97.00 to $88.00 and set a “neutral” rating on the stock in a report on Thursday, October 20th. Citigroup started coverage on Ormat Technologies in a report on Thursday, October 20th. They set a “neutral” rating and a $91.00 target price for the company. Cowen lifted their price target on Ormat Technologies to $84.00 in a research report on Tuesday, August 9th. Oppenheimer boosted their target price on Ormat Technologies from $85.00 to $97.00 and gave the stock an “outperform” rating in a research report on Monday, August 8th. Finally, StockNews.com assumed coverage on Ormat Technologies in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $87.00.

Ormat Technologies Price Performance

ORA opened at $100.93 on Friday. The company’s 50-day simple moving average is $90.66 and its two-hundred day simple moving average is $84.82. Ormat Technologies has a 52-week low of $60.32 and a 52-week high of $101.36. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.20 and a current ratio of 1.28. The stock has a market capitalization of $5.66 billion, a P/E ratio of 84.82, a P/E/G ratio of 6.74 and a beta of 0.49.

Insider Buying and Selling

In other Ormat Technologies news, Director David Granot sold 455 shares of Ormat Technologies stock in a transaction on Wednesday, August 24th. The shares were sold at an average price of $93.00, for a total value of $42,315.00. Following the completion of the sale, the director now directly owns 2,922 shares of the company’s stock, valued at $271,746. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director David Granot sold 455 shares of the business’s stock in a transaction dated Wednesday, August 24th. The shares were sold at an average price of $93.00, for a total transaction of $42,315.00. Following the transaction, the director now directly owns 2,922 shares in the company, valued at $271,746. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Shlomi Argas sold 12,106 shares of the business’s stock in a transaction dated Friday, November 4th. The stock was sold at an average price of $98.25, for a total transaction of $1,189,414.50. Following the transaction, the president now owns 6,369 shares in the company, valued at $625,754.25. The disclosure for this sale can be found here. Insiders sold 26,175 shares of company stock valued at $2,553,656 over the last quarter. Insiders own 1.30% of the company’s stock.

Institutional Trading of Ormat Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. Buckingham Strategic Wealth LLC bought a new position in shares of Ormat Technologies in the 3rd quarter worth $209,000. Nisa Investment Advisors LLC lifted its position in shares of Ormat Technologies by 8.8% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,061 shares of the energy company’s stock worth $440,000 after purchasing an additional 411 shares during the period. Quantbot Technologies LP bought a new position in shares of Ormat Technologies in the 3rd quarter worth about $1,828,000. Personal Capital Advisors Corp increased its stake in Ormat Technologies by 2.3% during the 3rd quarter. Personal Capital Advisors Corp now owns 158,281 shares of the energy company’s stock valued at $13,644,000 after purchasing an additional 3,576 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Ormat Technologies during the 3rd quarter valued at about $1,051,000. Institutional investors own 92.42% of the company’s stock.

About Ormat Technologies

(Get Rating)
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.

See Also

• Get a free copy of the StockNews.com research report on Ormat Technologies (ORA)
• 3 Reasons Another Shoe May Drop for Skechers
• Is Clothier V.F. Corporation’s 7% Dividend Worth Trying On?
• Bulls Vs Bears: Mullen Automotive Short Interest Grows
• Palantir Falls Into The Hands Of Value Investors 
• The Analysts Can’t Keep Up with Arista Networks Stock

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Ormat Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Ormat Technologies wasn’t on the list.
While Ormat Technologies currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access members have access to premium reports, best-in-class portfolio monitoring tools, and our latest stock picks.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies, and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer.

source