The price of ORA is predicted to go up 24.44%, based on the high correlation periods with NCSM. The similarity of these two price pattern on the periods is 96.36%.
ORA
NCSM
Up: 24.44%Similarity: 96.36%
ORA Revenue Forecast
ORA EPS Forecast
ORA FAQs
What is bull’s view on ORA?
ORA stock is currently trading at $63.01, near its 52-week low of $59.41, with an RSI of 26.4 indicating oversold conditions. This suggests potential for a rebound as recent heavy selling may be exhausting. A bullish view targets $73 in the near term, supported by improved fundamentals like the new PPA deal and strong demand for geothermal energy.
What is bear's view on ORA?
ORA stock is currently oversold with an RSI of 26.4, trading near its 52-week low of $59.41, last closing at $62.51. The bearish view stems from recent execution risks and a 9% decline over the past month, despite a new PPA announcement. Near-term downside risk remains unless the stock stabilizes above $60.
What is ORA revenue forecast for next quarter?
The market consensus for ORA's revenue in the upcoming quarter is projected to be approximately $236.907M USD.
What is ORA eps forecast for next quarter?
The market consensus for ORA's eps in the upcoming quarter is projected to be approximately $0.624 USD.
Jefferies initiated coverage of Ormat Technologies with a Hold rating and $73 price target. The firm views near-term recontracting as "the clearest upside avenue" for the geothermal and battery storage developer and owner, but execution risk persists and is "accentuated" by Ormat's recent track record, the analyst tells investors.