Investment analysts at UBS Group began coverage on shares of Ormat Technologies (NYSE:ORA) in a report issued on Friday. The firm set a “neutral” rating on the energy company’s stock.
Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Ormat Technologies from a “hold” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Saturday, January 27th. Roth Capital reduced their price target on Ormat Technologies from $70.00 to $67.00 and set a “buy” rating for the company in a research note on Friday, March 2nd. Cowen set a $67.00 price target on Ormat Technologies and gave the company a “buy” rating in a research note on Thursday, March 1st. Guggenheim initiated coverage on Ormat Technologies in a research note on Monday, January 8th. They issued a “buy” rating and a $72.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price target on Ormat Technologies from $72.00 to $75.00 and gave the company an “overweight” rating in a research note on Thursday, January 25th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Ormat Technologies presently has a consensus rating of “Buy” and a consensus target price of $69.57.
Shares of Ormat Technologies (NYSE:ORA) opened at $54.36 on Friday. The stock has a market capitalization of $2,778.79, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.72 and a beta of 1.29. Ormat Technologies has a one year low of $53.76 and a one year high of $70.68. The company has a quick ratio of 1.62, a current ratio of 1.72 and a debt-to-equity ratio of 0.65.
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Ormat Technologies Company Profile
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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