ORA - Shares of Ormat Technologies Inc. (ORA) Exceed 52-Week High
Ormat Technologies Inc. (NYSE:ORA) traded at a new 52-week high today of $93.35. So far today approximately 51,000 shares have been exchanged, as compared to an average 30-day volume of 979,000 shares.
Ormat Technologies Inc. share prices have moved between a 52-week high of $93.35 and a 52-week low of $60.32 and are now trading 54% above that low price at $93.13 per share.
Ormat Technologies Inc. (NYSE:ORA) is currently priced 6.0% above its average consensus analyst price target of $87.53.
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.
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