Ormat Technologies (ORA, Financial) witnessed a significant stock price drop of 5.13%. The stock is currently priced at $79.54 per share, with a trading volume of 251,814 shares and a turnover rate of 0.42%. Its price fluctuation has been recorded at 4.62%.
The company's recent financial report reveals a revenue of $212 million, a net profit of $22.08 million, and earnings per share (EPS) of $0.37. The gross profit was reported at $58.86 million, with a price-to-earnings (P/E) ratio of 40.71.
Analyst ratings indicate mixed sentiment, with 38% of participating institutions recommending a buy, 50% suggesting hold, and 12% advising sell.
The renewable energy sector, where Ormat operates, saw an overall decline of 5.65%. Among Ormat's peers, Advent Technologies Holdings, Inc. and Fusion Fuel Green Plc showed notable gains. Advent Technologies Holdings, Inc. and Nextera Energy Partners, Lp were notably active, with turnover rates of 40.51% and 3.39%, respectively. Stocks with significant price swings included Advent Technologies Holdings, Inc. and Stem, Inc., with fluctuations of 63.03% and 14.71%, respectively.
Ormat Technologies specializes in geothermal energy generation and operates in three segments: developing, building, owning, and operating geothermal and solar photovoltaic power plants, designing and selling geothermal and recovered energy equipment, and providing energy storage solutions directly to the grid.
