ORA Stock Forecast: Sells to aggregators, becomes over-valued, gets a sell rating

ORA Stock Forecast: Sells to aggregators, becomes over-valued, gets a sell rating

ORA Stock Forecast: The stock is expected to trade between $78.1 and $79.7. The overall recommendation is Buy.

July 20th

ORA Stock Forecast: Latest Price

ORA Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month 6 Months 1 Year
ORA +0.70% +14.49% +5.23% +16.77%

ORA Stock Forecast: Latest News

  • Yesterday, ORA announced the commercial operations for Diablo-IV (“CD4”) 30 MW geothermal power plant – Its output will be sold to a community choice aggregator. The facility will provide 7MW geothermal power to Silicon Valley Clean Energy and Central Coast Community Energy.
  • The financial results for 2022 Quarter two will be announced in a press release on Wednesday, August 3, 2022
  • Ormat priced an upsized private offering of $375.0 million aggregate principal amount of 2.50% Green Convertible Senior Notes due 2027 – The Notes will mature on July 15, 2027. The net proceeds from these notes are expected to be $364.9 million.

ORA Stock Forecast: Latest Tweet

ORA Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Negative
1. Market Wisdom Negative
1a. Market Data Lower
1b. Technical Buy
1c. Trading Volume Lower
2. Crowd’s Wisdom Negative
2a. Google Search Volume lower
2b. Social Media Sentiment lower

Also Read: PLRX Stock Forecast 2022

ORA Stock Forecast: Last quarter earnings summary

  • The recorded revenue for the first quarter of 2022 was $183.7 Million representing a 10.4% year-over-year growth to $166.4 Million in 2021 Q1.
  • The earnings per share was $0.3 representing a 22.2% year-over-year increase.
  • The gross margin reduced from 44.3% in Q1 of 2021 to 38.1% in Q1 of 2022.
  • In this quarter, generation was 1.8 Million MWh as compared to 1.7 Million in 2021 i.e. 8.6% year-over-year increase.

ORA Stock Forecast: Latest Video

No Video available for the day

ORA Stock Forecast: Price Target

ORA Stock Forecast: Google Trends

The search volume for ORA is lower compared to yesterday.

ORA Stock Forecast: Technical Analysis

ORA Stock Forecast: Social Media Sentiments

7 days 24 hours Trends
Net Sentiments 24.4% N.A.% lower

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ORA Stock Forecast

Nandini Panchal

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

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