J.P. Morgan Reaffirms Their Hold Rating on Ormat Techno (ORA)

In a report released today, Mark Strouse from J.P. Morgan maintained a Hold rating on Ormat Techno, with a price target of $111.00.

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Strouse covers the Technology sector, focusing on stocks such as Enphase Energy, NEXTracker, Inc. Class A, and Canadian Solar. According to TipRanks, Strouse has an average return of 9.4% and a 49.13% success rate on recommended stocks.

Ormat Techno has an analyst consensus of Strong Buy, with a price target consensus of $115.78.

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 56 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, Assi Ginzburg, the CFO of ORA sold 20,000.00 shares for a total of $2,254,400.00.