Roth MKM Sticks to Their Buy Rating for Ormat Techno (ORA)

Roth MKM analyst Justin Clare reiterated a Buy rating on Ormat Techno today and set a price target of $125.00.

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Clare covers the Utilities sector, focusing on stocks such as Ormat Techno, Clearway Energy, and Energy Vault Holdings. According to TipRanks, Clare has an average return of 14.2% and a 60.43% success rate on recommended stocks.

In addition to Roth MKM, Ormat Techno also received a Buy from TR | OpenAI – 4o’s Soren Windell in a report issued on October 23. However, today, TD Cowen maintained a Hold rating on Ormat Techno (NYSE: ORA).

Based on Ormat Techno’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $249.73 million and a net profit of $24.14 million. In comparison, last year the company earned a revenue of $211.78 million and had a net profit of $22.08 million

Based on the recent corporate insider activity of 51 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, DAFNA SHARIR, a Director at ORA sold 981.00 shares for a total of $94,862.70.