Piper Sandler Sticks to Its Buy Rating for Ormat Techno (ORA)

In a report released on October 3, Derek Podhaizer from Piper Sandler maintained a Buy rating on Ormat Techno, with a price target of $102.00. The company’s shares opened today at $101.83.

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Podhaizer covers the Energy sector, focusing on stocks such as Liberty Oilfield Services, Helmerich & Payne, and Precision Drilling. According to TipRanks, Podhaizer has an average return of 6.9% and a 58.59% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ormat Techno with a $96.20 average price target.

The company has a one-year high of $101.64 and a one-year low of $61.58. Currently, Ormat Techno has an average volume of 521.1K.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ORA in relation to earlier this year. Earlier this month, DAFNA SHARIR, a Director at ORA sold 981.00 shares for a total of $94,862.70.