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Ormat Technologies Initiated with a Hold at Jefferies

AInvestSaturday, Jan 11, 2025 8:00 am ET
3min read


Ormat Technologies, Inc. (NYSE: ORA), a leading geothermal and renewable energy company, has recently been initiated with a Hold recommendation by Jefferies. This recommendation comes with a price target of $87.87, representing a 33.68% increase from its latest reported closing price of $65.73. The analyst's forecast suggests a significant upside, but the Hold recommendation indicates that Jefferies believes the stock's current valuation may not fully reflect its potential. The analyst's price target range of $75.75 to $111.30 further highlights the uncertainty in the stock's valuation.



Ormat Technologies is projected to have an annual revenue growth of 22.44% and a non-GAAP EPS of 3.11. However, Jefferies initiated a Hold recommendation for the company. This recommendation suggests that while Ormat's growth prospects are positive, there may be other factors that Jefferies considers when making their recommendation. These factors could include market conditions, competition, or other risks that are not fully captured by the revenue growth and EPS projections. Additionally, the Hold recommendation implies that Jefferies believes Ormat's stock price may not significantly increase or decrease in the near term, and investors should maintain their current positions.



The 614 funds or institutions reporting positions in Ormat Technologies play a significant role in the company's overall sentiment and stock performance. These funds and institutions collectively own approximately 63,093K shares, representing a substantial portion of the company's outstanding shares. The average portfolio weight of all funds dedicated to ORA is 0.21%, indicating a moderate level of interest and commitment from these investors.

The put/call ratio of ORA is 0.18, which suggests a bullish outlook among these investors. This ratio indicates that there are more call options (bullish bets) than put options (bearish bets) being traded, reflecting a positive sentiment towards the company's stock.

Some of the major shareholders include:

* Orix holds 6,676K shares, representing 11.04% ownership of the company. No change in the last quarter.
* Global Alpha Capital Management holds 2,447K shares, representing 4.05% ownership of the company. The firm increased its portfolio allocation in ORA by 0.93% over the last quarter.
* Clal Insurance Enterprises Holdings holds 2,282K shares, representing 3.77% ownership of the company. The firm decreased its portfolio allocation in ORA by 9.38% over the last quarter.
* Impax Asset Management Group holds 2,252K shares, representing 3.72% ownership of the company. The firm increased its portfolio allocation in ORA by 0.40% over the last quarter.
* Amundi holds 1,907K shares, representing 3.15% ownership of the company. The firm decreased its portfolio allocation in ORA by 95.27% over the last quarter.

These institutional investors play a crucial role in shaping the company's overall sentiment and stock performance. Their actions, such as increasing or decreasing their portfolio allocation in ORA, can influence the stock's price and volatility. Additionally, their collective bullish outlook, as indicated by the put/call ratio, suggests that they have confidence in the company's future prospects.

In conclusion, Ormat Technologies' recent Hold recommendation by Jefferies highlights the uncertainty in the stock's valuation and the need for investors to consider various factors when making investment decisions. The company's projected revenue growth and EPS, along with the positive sentiment from institutional investors, suggest a promising outlook. However, investors should carefully evaluate the company's fundamentals and market conditions before making any investment decisions.
Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.