Ormat Technologies Inc traded at 27,450.00 this Thursday October 1st, decreasing 440.00 or 1.58 percent since the previous trading session. Looking back, over the last four weeks, Ormat Technologies lost 14.49 percent. Over the last 12 months, its price fell by 16.89 percent. Looking ahead, we forecast Ormat Technologies Inc to be priced at 27,297.36 by the end of this quarter and at 25,566.42 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.