Ormat Techno (ORA) Gets A Hold From Barclays
Barclays analyst Derek Podizer initiated a hedge on shares of Ormat Techno ( ORA- research report ) today with a hold rating and a $89.00 target price. The company's stock closed last Friday at $83.48.
Podhaizer covers the industrials sector, focusing on stocks such as Helmerich & Payne, Patterson-UTI and Nextier Oilfield Solutions. According to TipRanks, Podhaizer has an average return of -5.3% and a hit percentage of 43.40% on recommended stocks.
Word on the Street generally suggests an analyst consensus rating of “Average Buy” with an average target price of $91.43, representing a 9.52% upside potential for Ormat Techno. Roth MKM also maintained a Hold rating on the stock with a $92.00 target price in a May 11 report.
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ORA currently has a market capitalization of $4.98 billion and a P/E ratio of 61.82.
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Ormat Technologies Inc. is a geothermal and renewable energy holding company. It operates in the following segments: Energy, Commodities, etc. The Energy segment develops, builds, owns and operates geothermal and renewable energy power plants in the United States and geothermal power plants in other countries. The Products segment engages in, manufactures and markets geothermal and renewable energy generation equipment and remote power generation, and provides engineering, procurement, construction, design and maintenance, operation and maintenance services for geothermal and renewable energy resources. Other Segments The segment offers energy storage, demand response and energy management services related to energy storage, demand response and energy management. The company was founded in 1965 and is based in Reno, Nevada.
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