Ormat Techno (ORA) Gets a Hold from TD Cowen

TD Cowen analyst Jeff Osborne maintained a Hold rating on Ormat Techno today and set a price target of $115.00.

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Osborne covers the Technology sector, focusing on stocks such as Itron, Shoals Technologies Group, and NEXTracker, Inc. Class A. According to TipRanks, Osborne has an average return of 3.2% and a 44.13% success rate on recommended stocks.

Currently, the analyst consensus on Ormat Techno is a Strong Buy with an average price target of $117.44.

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, Jessica Woelfel, the GC, CCO, and CS of ORA sold 1,089.00 shares for a total of $124,263.48.