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 Name5 Days1 Month6 Months1 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

priceTarget.io on Twitter: “🎯 $ORA price target update🟢 Target Raised by JPMorgan Chase & Co.From $77.00 to $80.00Day quote/change: $78.96 (-1.54%)Target upside: 1.32%Published: July 20, 2022https://t.co/AtBp7fFW9k / Twitter”

🎯 $ORA price target update🟢 Target Raised by JPMorgan Chase & Co.From $77.00 to $80.00Day quote/change: $78.96 (-1.54%)Target upside: 1.32%Published: July 20, 2022https://t.co/AtBp7fFW9k

ORA Stock Forecast: Today’s Outlook

IndicatorTrend
Overall OutlookNegative
1. Market WisdomNegative
1a. Market DataLower
1b. TechnicalBuy
1c. Trading VolumeLower
2. Crowd’s WisdomNegative
2a. Google Search Volumelower
2b. Social Media Sentimentlower

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

SourceHigh
Overall$80
JP Morgan Chase & Co.$80
Nasdaq$80

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 days24 hoursTrends
Net Sentiments24.4%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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