- Geothermal is a more reliable source of renewable energy as compared to solar and wind.
- But the falling costs of solar and wind energy combined with battery backup may largely negate geothermal energy's traditional reliability advantage.
- Meantime, the market rotation out of growth and into value has certainly taken the steam out of Ormat's stock - it's down 40% since its high of $126 on February 10th.
- However, Ormat isn't a typical growth stock: it has been a profitable utility company for years and pays a quarterly dividend. Is it now in BUY territory?
For further details see:
Ormat: Geothermal Is More Reliable Than Solar And Wind - Whether It's Losing Steam