Somewhat Positive Press Coverage Somewhat Unlikely to Affect Ormat Technologies (ORA) Share Price

Media coverage about Ormat Technologies (NYSE:ORA) has trended somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ormat Technologies earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the energy company an impact score of 45.7840699370804 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research cut shares of Ormat Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Guggenheim assumed coverage on shares of Ormat Technologies in a research report on Monday, January 8th. They issued a “buy” rating and a $72.00 target price for the company. TheStreet raised shares of Ormat Technologies from a “c+” rating to a “b-” rating in a research report on Monday, November 13th. Roth Capital set a $70.00 target price on shares of Ormat Technologies and gave the company a “buy” rating in a research report on Monday, November 13th. Finally, Oppenheimer reissued a “buy” rating and issued a $70.00 target price (up previously from $65.00) on shares of Ormat Technologies in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Ormat Technologies has an average rating of “Buy” and a consensus price target of $68.71.

Shares of Ormat Technologies (NYSE:ORA) opened at $66.13 on Friday. Ormat Technologies has a 52-week low of $52.38 and a 52-week high of $66.94. 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 firm has a market cap of $3,380.00, a PE ratio of 28.38, a P/E/G ratio of 1.95 and a beta of 1.23.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Tuesday, November 7th. The energy company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.48 by ($0.06). Ormat Technologies had a return on equity of 9.41% and a net margin of 16.99%. The firm had revenue of $157.20 million for the quarter, compared to the consensus estimate of $159.02 million. During the same period in the prior year, the company earned $0.56 EPS. The company’s revenue for the quarter was down 14.8% compared to the same quarter last year. analysts expect that Ormat Technologies will post 2.21 EPS for the current fiscal year.

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About Ormat Technologies

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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