Stock Rating Downgrade
The Value Trend Rating for Ormat Technologies Inc (NYSE: ORA) weakened in the last week from B to C reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 11/29/24, Ormat Technologies Inc (NYSE: ORA) stock rose slightly by 0.04%, closing at $81.62. However, this advance was accompanied by unusually low trading volume at 54% of normal. Relative to the market the stock has been strong over the last nine months and has risen 2.8% during the last week.
Current PriceTarget Research Rating
Ormat Technologies has a current Value Trend Rating of C (High Neutral). 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 48 but a good Power Rating of 73, resulting in the High Neutral Value Trend Rating.
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