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Oppenheimer analyst Noah Kaye maintained a Buy rating on Ormat Technologies (NYSE:ORA) Inc on Friday, setting a price target of $82, which is approximately 20.45% above the present share price of $68.08.
Kaye expects Ormat Technologies Inc to post earnings per share (EPS) of $0.27 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in Ormat Technologies, with an average price target of $80.
The analysts price targets range from a high of $89 to a low of $73.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $166.35 million and a net profit of $49.89 million. The company's market cap is $3.81 billion.
According to TipRanks.com, Oppenheimer analyst Noah Kaye is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 19.2% and a 67.68% success rate.
Ormat Technologies, Inc. is a holding company, which engages in the provision of geothermal and recovered energy power business. It operates through the following segments: Electricity, Products, and Other. The Electricity segment develops, builds, owns, and operates geothermal and recovered energy-based power plants in the United States, and geothermal power plants in other countries. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation and remote power units, and provide services relating to the engineering, procurement, construction, operation and maintenance of geothermal and recovered energy-based power plants. The Other Segment segment offers energy storage, demand response and energy management related services energy storage, demand response, and energy management related services. The company was founded in 1965 and is headquartered in Reno, NV.