ORA - Ormat Technologies Inc. Looks to Continue to Trade Above its Annual-High Share Price Today

Ormat Technologies Inc. (NYSE:ORA) traded today at a new 52-week high of $82.93. So far today approximately 105,000 shares have been exchanged, as compared to an average 30-day volume of 458,000 shares.

Ormat Technologies derives approximately 80% of its revenue from building and operating geothermal plants and the rest from manufacturing geothermal and recovered energy equipment. Nearly two thirds of its capacity is in the United States, with the balance in Africa and Central America. Nearly all the plants have long-term contracts with local utilities.

Ormat Technologies Inc. share prices have moved between a 52-week high of $82.93 and a 52-week low of $60.32 and are now trading 35% above that low price at $81.63 per share.

Potential upside of 1.1% exists for Ormat Technologies Inc., based on a current level of $81.63 and analysts' average consensus price target of $82.51.

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