Stock Rating Upgrade
The Value Trend Rating for Ormat Technologies Inc (NYSE: ORA) improved during the last several trading days from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Ormat Technologies Inc (NYSE: ORA) stock closed at $79.01 on 11/15/24 after a slight decline of -0.6%. However, below average trading volume at 76% of normal accompanied the decline. The stock has declined -4.9% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Ormat Technologies has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Ormat Technologies has a neutral Appreciation Score of 47 but a good Power Rating of 80, leading to the Positive Value Trend Rating.
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