Ormat Technologies stock hits 52-week high at 84.33 USD

Ormat Technologies Inc (NYSE:ORA). stock reached a significant milestone, hitting a 52-week high at 84.33 USD. With a market capitalization of $5.1 billion, the company trades at a P/E ratio of 40.4, suggesting premium valuation levels according to InvestingPro analysis. This achievement underscores the company’s robust performance, with impressive gains of 19.6% over the past six months and 18.7% year-to-date. The rise to this 52-week high reflects growing investor confidence and positive sentiment surrounding Ormat Technologies’ market strategy and operational efficiency. As the renewable energy sector continues to gain traction, Ormat Technologies’ stock performance exemplifies the broader trend of increased investment in sustainable energy solutions. For deeper insights into Ormat’s valuation and growth prospects, check out the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.

In other recent news, Ormat Technologies reported a strong performance in its first-quarter 2025 earnings, with earnings per share (EPS) of $0.66, exceeding the forecast of $0.5963. The company’s revenue also surpassed expectations, reaching $229.8 million compared to the anticipated $228.54 million. Additionally, Ormat Technologies completed the acquisition of the Blue Mountain geothermal power plant for $88 million, adding to its electricity segment portfolio. Barclays analysts upgraded Ormat Technologies’ stock rating from Equalweight to Overweight, citing the increasing demand for geothermal energy amid a significant power shortage in the U.S. Ormat also announced a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, covering energy projects scheduled for completion by the end of 2025. Furthermore, the company expanded its management team with new executive appointments to drive growth in its electricity segment and Enhanced Geothermal System (EGS) initiatives. These developments reflect Ormat’s strategic focus on expanding its geothermal and energy storage capabilities to meet rising energy demands.

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