Stock Rating Downgrade
In the last week the Value Trend Rating for Ormat Technologies Inc (NYSE: ORA) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Ormat Technologies Inc (NYSE: ORA) stock increased 1.3% on 10/18/24. The shares closed at $78.31. Moreover, above average trading volume at 142% of normal accompanied the advance. The stock has been strong relative to the market over the last nine months and has risen 4.3% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, ORA is expected to continue to be a modest Value Builder.
Ormat Technologies has a current Value Trend Rating of C (High Neutral). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Ormat Technologies has a neutral Appreciation Score of 47 but a good Power Rating of 80, producing the High Neutral Value Trend Rating.
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