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 $77.8 and $80.2. The overall recommendation is Sell.

July 20th

ORA Stock Forecast: Latest Price

ORA Stock Forecast: Performance Chart

Stock Name 5 Days 1 Month 6 Months 1 Year
ORA 4.8% 7.0% 6.5% 17.4%

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

ORA Stock Forecast: Today’s Outlook

Indicator Trend
Overall Outlook Higher
Market Data 
Market Cap Lower
Technical Buy
Trading Volume Lower
Crowd’s Wisdom 
Google Search Volume Higher
Social Media Sentiment Higher

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

YouTube video

ORA Stock Forecast: Price Target

ORA Stock Forecast: Google Trends

The search volume for ORA is higher compared to yesterday.

ORA Stock Forecast: Technical Analysis

ORA Stock Forecast: Social Media Sentiments

7 days 24 hours Trends
Net Sentiments -1.2% -13.1% Higher

Gold Price Forecast 2022: Gold rises as Dollar Index retreats

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.

Source link