Ormat Technologies' Electricity Growth Covers for Weaker Product Sales in Q3
If you are looking at the revenue and earnings declines at Ormat Technologies (NYSE: ORA) as an ill omen, then you need to look at the results again. Sure, third-quarter results didn't quite stack up to the prior quarter, but the company's more stable, higher-margin business -- electricity generation -- continued to perform well.
What's even more encouraging is that Ormat's management wants to grow this part of the business significantly in the coming years. Here's a look at the company's most recent results and what management has planned that could make Ormat an exciting stock to follow.
Image source: Getty Images.
Source: Fool.com
Ormat Technologies Stock
€70.18
-0.310%
Currently there is a rather positive sentiment for Ormat Technologies with 4 Buy predictions and 0 Sell predictions.
As a result the target price of 79 € shows a slightly positive potential of 12.57% compared to the current price of 70.18 € for Ormat Technologies.
