Ormat Technologies Inc traded at 38,900.00 this Friday May 15th, decreasing 700.00 or 1.77 percent since the previous trading session. Looking back, over the last four weeks, Ormat Technologies lost 15.50 percent. Over the last 12 months, its price rose by 45.15 percent. Looking ahead, we forecast Ormat Technologies Inc to be priced at 35,127.49 by the end of this quarter and at 32,990.92 in one year, according to Trading Economics global macro models projections and analysts expectations.
Ormat Technologies, Inc. is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, sells, owns, and operates geothermal and recovered energy-based power plants. Its segments include Electricity segment, Product segment and Energy Storage segment. Electricity segment develops, builds, owns, and operates geothermal, solar PV and recovered energy-based power plants in the United States and geothermal power plants in other countries around the world and sells the electricity. Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation and remote power units and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. Energy Storage segment provides energy storage, related services as well as services relating to the engineering, procurement, construction, operation, and maintenance of energy storage units.