Ormat Technologies Inc. Reaches New 12-Month High at $28.23 (ORA)
Ormat Technologies (NYSE:ORA)’s share price reached a new 52-week high during trading hours on Friday, American Banking & Market News reports. The company traded as high as $28.23 and last traded at $28.03, with a volume of 59,393 shares traded. The stock had previously closed at $26.88.
Separately, analysts at Ardour Capital downgraded shares of Ormat Technologies from an “accumulate” rating to a “hold” rating in a research note to investors on Thursday, August 8th. They now have a $25.00 price target on the stock. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $23.90.
Ormat Technologies has a 1-year low of $16.67 and a 1-year high of $27.76. The stock has a 50-day moving average of $26.26 and a 200-day moving average of $23.61. The company’s market cap is $1.270 billion.
Ormat Technologies (NYSE:ORA) last announced its earnings results on Tuesday, August 6th. The company reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.22. The company had revenue of $152.70 million for the quarter, compared to the consensus estimate of $129.15 million. Analysts expect that Ormat Technologies will post $0.68 EPS for the current fiscal year.
Ormat Technologies, Inc (NYSE:ORA) is a holding company.
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