Ormat Technologies, Inc. (NYSE:ORA) Analyst’s Long Term Pick

Ormat Technologies, Inc. (NYSE:ORA) has been recommended as a long term growth pick according to Beta Research.  With their stock price currently trading around $52.35, the firm has proven a solid track record of growth over the past few years.  Investors might consider the stock as a long term growth candidate as the firm has yielded 21.50% earnings per share growth over the past 5 years and 6.70% revenue growth over that same time frame. 


Recent Performance

Let’s take a look at how the stock has been performing recently.  Over the past twelve months, Ormat Technologies, Inc. (NYSE:ORA)’s stock was -18.15%.  Over the last week of the month, it was -5.39%, -18.60% over the last quarter, and  -15.92% for the past six months. 

Over the past 50 days, Ormat Technologies, Inc.’s stock is -13.13% off of the high and 1.39% removed from the low.  Their 52-Week High and Low are as follows: -25.93% (High), 1.39%, (Low). 

Analyst Recommendation

Despite the past success, investors want to know where the stock is headed from here.  Analysts covering the shares have a consensus short-term price target of $64.60 on the equity.   Analysts have a consensus recommendation of 2.20 based on a 1 to 5 scale where 1 represents a Strong Buy and 5 a Strong Sell.