Positive Press Coverage Somewhat Unlikely to Impact Ormat Technologies (ORA) Stock Price
News coverage about Ormat Technologies (NYSE:ORA) has trended positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ormat Technologies earned a news impact score of 0.28 on Accern’s scale. Accern also assigned news stories about the energy company an impact score of 45.6900436798675 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Ormat Technologies (NYSE:ORA) opened at $64.25 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.62 and a current ratio of 1.72. The stock has a market cap of $3,250.00, a P/E ratio of 27.58, a P/E/G ratio of 1.91 and a beta of 1.22. Ormat Technologies has a one year low of $54.75 and a one year high of $70.68.
Several equities analysts recently issued reports on ORA shares. Zacks Investment Research raised shares of Ormat Technologies from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research note on Wednesday, January 3rd. Roth Capital set a $70.00 price objective on shares of Ormat Technologies and gave the company a “buy” rating in a research note on Monday, November 13th. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research note on Monday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Ormat Technologies from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Finally, Cowen reissued a “buy” rating and set a $75.00 price objective on shares of Ormat Technologies in a research note on Wednesday, January 24th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $71.14.
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Ormat Technologies, Inc is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal and recovered energy-based power plants. Its equipment manufacturing operations are located in Israel. It conducts its business activities in two business segments: Electricity segment and Product segment.
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