(ORA) Ormat Technologies - Ratings and Ratios

Ormat Technologies Inc. (NYSE:ORA), a global leader in renewable energy, specializes in geothermal and recovered energy power solutions. With operations spanning the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, the Philippines, and other international locations, Ormat is a key player in the renewable energy sector. The company operates through three segments: Electricity, Product, and Energy Storage.

The Electricity segment focuses on developing, building, and operating geothermal, solar photovoltaic, and recovered energy-based power plants, selling electricity to various markets. The Product segment designs and manufactures equipment for geothermal and recovered energy-based electricity generation, offering engineering, procurement, and construction services for power plants. The Energy Storage segment provides battery energy storage systems and related services, enhancing grid stability and renewable energy integration.

Ormat serves a diverse range of clients, including contractors, geothermal plant owners, natural gas and industrial process operators, and biomass facilities. Founded in 1965 and headquartered in Reno, Nevada, Ormat is renowned for its expertise in binary cycle technology, a key innovation in geothermal energy. Their contributions to renewable energy markets underscore their commitment to sustainable power solutions.

Looking ahead, Ormats stock is expected to show moderate growth over the next three months. Technically, the stock is trading above its 20 and 50-day moving averages, indicating potential bullish momentum. The average true range (ATR) of 1.92 suggests moderate volatility, with possible price fluctuations within this range. Fundamentally, Ormats strong position in renewable energy and expansion into energy storage could support growth, though the current P/E ratio of 35.54 may indicate cautious investor sentiment. Overall, the stock is poised for a neutral to bullish trend, supported by its strategic initiatives in renewable energy.