Ormat Technologies Inc (NYSE:ORA) Institutional Investors Q4 2017 Sentiment

April 17, 2018 - By Kenneth Lin

Ormat Technologies, Inc. (NYSE:ORA) Logo

Sentiment for Ormat Technologies Inc (NYSE:ORA)

Ormat Technologies Inc (NYSE:ORA) institutional sentiment decreased to 0.96 in 2017 Q4. Its down -0.14, from 1.1 in 2017Q3. The ratio turned negative, as 73 hedge funds opened new and increased positions, while 76 sold and reduced their stock positions in Ormat Technologies Inc. The hedge funds in our partner’s database now own: 21.31 million shares, up from 20.98 million shares in 2017Q3. Also, the number of hedge funds holding Ormat Technologies Inc in their top 10 positions increased from 3 to 4 for an increase of 1. Sold All: 23 Reduced: 53 Increased: 50 New Position: 23.

Ormat Technologies, Inc. engages in geothermal and recovered energy power business worldwide. The company has market cap of $2.96 billion. The firm operates in two divisions, Electricity and Product. It has a 19.08 P/E ratio. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy power plants; and sells electricity.

The stock increased 2.17% or $1.24 during the last trading session, reaching $58.38. About 93,957 shares traded. Ormat Technologies, Inc. (NYSE:ORA) has risen 0.21% since April 17, 2017 and is uptrending. It has underperformed by 11.34% the S&P500.

12 West Capital Management Lp holds 3.56% of its portfolio in Ormat Technologies, Inc. for 460,100 shares. Clal Insurance Enterprises Holdings Ltd owns 1.98 million shares or 3.33% of their US portfolio. Moreover, Mivtachim The Workers Social Insurance Fund Ltd. (Under Special Management) has 2.79% invested in the company for 709,326 shares. The Kansas-based Mitchell Capital Management Co has invested 2.32% in the stock. New Amsterdam Partners Llc Ny, a New York-based fund reported 171,666 shares.#img1#

Ormat Technologies, Inc. (NYSE:ORA) Ratings Coverage

Ratings analysis reveals 67% of Ormat Technologies’s analysts are positive. Out of 6 Wall Street analysts rating Ormat Technologies, 4 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $57.0 while the high is $75.0. The stock’s average target of $66.20 is 13.39% above today’s ($58.38) share price. ORA was included in 11 notes of analysts from October 23, 2017. The firm has “Overweight” rating given on Friday, March 16 by JP Morgan. Roth Capital maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Thursday, January 25. Roth Capital has “Buy” rating and $70.0 target. The stock of Ormat Technologies, Inc. (NYSE:ORA) earned “Buy” rating by Cowen & Co on Wednesday, January 24. As per Monday, November 13, the company rating was maintained by Roth Capital. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Buy” rating given on Monday, October 23 by Cowen & Co. Oppenheimer downgraded the shares of ORA in report on Friday, April 6 to “Perform” rating. UBS initiated the stock with “Hold” rating in Friday, March 16 report. The stock of Ormat Technologies, Inc. (NYSE:ORA) has “Buy” rating given on Friday, March 2 by Roth Capital. JP Morgan maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Thursday, January 25. JP Morgan has “Overweight” rating and $75 target. The firm has “Buy” rating by Cowen & Co given on Thursday, March 1.

Ormat Technologies, Inc. (NYSE:ORA) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: