.png "Ormat Technologies (NYSE: ORA)")
In a report released yesterday, Noah Kaye from Oppenheimer assigned a Hold rating to Ormat Technologies (ORA). The company’s shares closed yesterday at $58.59, close to its 52-week high of $58.96.
According to TipRanks.com, Kaye is a 5-star analyst with an average return of 8.8% and a 60.2% success rate. Kaye covers the Industrial Goods sector, focusing on stocks such as Rockwell Automation Inc, Caterpillar, and BorgWarner.
Currently, the analyst consensus on Ormat Technologies is a Hold with an average price target of $60.
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Based on Ormat Technologies’ latest earnings release for the quarter ending March 31, the company reported a quarterly net profit of $25.95 million. In comparison, last year the company had a net profit of $69.51 million.
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Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other.
