In a report released today, Gerry Sweeney from Roth Capital reiterated a Buy rating on Ormat Technologies (NYSE: ORA), with a price target of $64. The company’s shares opened today at $53.23, close to its 52-week low of $50.20.
Sweeney has an average return of 3.4% when recommending Ormat Technologies.
According to TipRanks.com, Sweeney is ranked #1403 out of 4849 analysts.
Ormat Technologies has an analyst consensus of Moderate Buy, with a price target consensus of $62.67.
See today’s analyst top recommended stocks >>
Ormat Technologies’ market cap is currently $2.7B and has a P/E ratio of 16.22. The company has a Price to Book ratio of 2.08.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Ormat Technologies, Inc. is a holding company, which engages in the geothermal and recovered energy power business. It operates through the Electricity and Products segments.
