 | Your browser does not display parts of our website correctly. We use the latest technology available to provide you with a high quality experience; please upgrade your browser to its latest version to view the contents properly: |
Ormat Technologies Inc. (ORA) is engaged in the geothermal and recovered energy power business. 
It operates through three segments: Electricity, Product, and Energy Storage.
The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity.
The Product segment designs, manufactures, and sells equipment for geothermal, recovered energy-based electricity generation, and remote power units, such as fossil fuel powered turbo-generators and heavy duty direct-current generators; and provides services relating to the engineering, procurement, construction, operation, and maintenance of geothermal and recovered energy-based power plants.
The Energy Storage segment offers energy storage and related services, as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units.
On August 3rd, ORA reported 2nd Quarter June 2022 earnings of $0.22 per share on revenue of $169.1 million. The consensus earnings estimate was $0.21 per share on revenue of $164.5 million. Revenue grew 15.1% on a year-over-year basis. Shares are on the cusp of breaking out of their bullish "cup and handle."
Entry Point: $96.00
Stop Loss: $93.50
Trading Range: $60.32 to $98.11
Target Price: $105.60
