Ormat Technologies Inc (NYSE:ORA) Institutional Investor Sentiment Trend

April 17, 2018 - By Peter Erickson

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 is negative, as 73 institutional investors opened new and increased holdings, while 76 sold and trimmed equity positions in Ormat Technologies Inc. The institutional investors in our partner’s database now own: 21.31 million shares, up from 20.98 million shares in 2017Q3. Also, the number of institutional investors holding Ormat Technologies Inc in their top 10 holdings 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. Cowen & Co maintained it with “Buy” rating and $75.0 target in Wednesday, January 24 report. UBS initiated Ormat Technologies, Inc. (NYSE:ORA) rating on Friday, March 16. UBS has “Hold” rating and $57.0 target. Roth Capital maintained it with “Buy” rating and $70.0 target in Thursday, January 25 report. On Friday, April 6 the stock rating was downgraded by Oppenheimer to “Perform”. The firm has “Buy” rating given on Thursday, March 1 by Cowen & Co. The company was maintained on Monday, November 13 by Roth Capital. JP Morgan maintained the stock with “Overweight” rating in Friday, March 16 report. JP Morgan maintained Ormat Technologies, Inc. (NYSE:ORA) rating on Thursday, January 25. JP Morgan has “Overweight” rating and $75 target. Cowen & Co maintained Ormat Technologies, Inc. (NYSE:ORA) on Monday, October 23 with “Buy” rating. Roth Capital maintained the shares of ORA in report on Friday, March 2 with “Buy” rating.

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

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