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Roth MKM Remains a Buy on Ormat Techno (ORA)

Tipranks - Tue Jun 16, 10:34AM CDT

In a report released today, Justin Clare from Roth MKM maintained a Buy rating on Ormat Techno, with a price target of $135.00.

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According to TipRanks, Clare is a 5-star analyst with an average return of 25.5% and a 62.70% success rate. Clare covers the Utilities sector, focusing on stocks such as Fluence Energy, Ormat Techno, and Enlight Renewable Energy.

Currently, the analyst consensus on Ormat Techno is a Strong Buy with an average price target of $137.78.

Based on Ormat Techno’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $403.91 million and a net profit of $44.07 million. In comparison, last year the company earned a revenue of $229.76 million and had a net profit of $40.36 million

Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORA in relation to earlier this year. Last month, STANLEY STERN, a Director at ORA sold 250.00 shares for a total of $34,605.00.

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