Is it Time to Dump Ormat Technologies, Inc. (ORA) Stock After it Has Risen 2.04% in a Week?

Ormat Technologies, Inc. (ORA) stock has risen 2.04% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Ormat Technologies, Inc. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ORA!

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What is Stock Sentiment?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ORA Stock Today?

Ormat Technologies, Inc. (ORA) stock is down -0.95% while the S&P 500 is up 1.56% as of 12:03 PM on Thursday, Oct 14. ORA is lower by -$0.69 from the previous closing price of $72.73 on volume of 178,124 shares. Over the past year the S&P 500 has risen 26.19% while ORA is lower by -2.75%. ORA earned $1.19 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 60.58. To see InvestorsObserver's Sentiment Score for Ormat Technologies, Inc. click here.

More About Ormat Technologies, Inc.

Ormat Technologies derives approximately 80% of its revenue from building and operating geothermal plants and the rest from manufacturing geothermal and recovered energy equipment. Nearly two thirds of its capacity is in the United States, with the balance in Africa and Central America. Nearly all the plants have long-term contracts with local utilities. Click Here to get the full Stock Report for Ormat Technologies, Inc. stock.