Roth MKM Remains a Buy on Ormat Techno (ORA)

In a report released today, Justin Clare from Roth MKM reiterated a Buy rating on Ormat Techno, with 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 16.6% and a 59.33% 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 55 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, Ravit Barniv, a Director at ORA sold 1,753.00 shares for a total of $197,282.62.