Ormat Technologies (ORA) Highlighted As Strong And Under The Radar Stock Of The Day

Trade-Ideas LLC identified Ormat Technologies (ORA) as a strong and under the radar candidate
By TheStreet Wire ,

Trade-Ideas LLC identified

Ormat Technologies

(

ORA

) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Ormat Technologies as such a stock due to the following factors:

  • ORA has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $4.9 million.
  • ORA has traded 5.149300000000000210320649784989655017852783203125 options contracts today.
  • ORA is making at least a new 3-day high.
  • ORA has a PE ratio of 38.
  • ORA is mentioned 0.29 times per day on StockTwits.
  • ORA has not yet been mentioned on StockTwits today.
  • ORA is currently in the upper 20% of its 1-year range.
  • ORA is in the upper 35% of its 20-day range.
  • ORA is in the upper 45% of its 5-day range.
  • ORA is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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More details on ORA:

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The stock currently has a dividend yield of 0.6%. ORA has a PE ratio of 38. Currently there are 2 analysts that rate Ormat Technologies a buy, 1 analyst rates it a sell, and none rate it a hold.

The average volume for Ormat Technologies has been 120,200 shares per day over the past 30 days. Ormat has a market cap of $1.9 billion and is part of the utilities sector and utilities industry. The stock has a beta of 1.41 and a short float of 7.2% with 21.32 days to cover. Shares are up 39.4% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Ormat Technologies as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and weak operating cash flow.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 14.9%. Since the same quarter one year prior, revenues rose by 10.1%. This growth in revenue appears to have trickled down to the company's bottom line, improving the earnings per share.
  • Powered by its strong earnings growth of 40.00% and other important driving factors, this stock has surged by 35.89% over the past year, outperforming the rise in the S&P 500 Index during the same period. Regarding the stock's future course, our hold rating indicates that we do not recommend additional investment in this stock despite its gains in the past year.
  • Even though the current debt-to-equity ratio is 1.03, it is still below the industry average, suggesting that this level of debt is acceptable within the Independent Power Producers & Energy Traders industry. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.45 is sturdy.
  • Net operating cash flow has decreased to $29.58 million or 16.68% when compared to the same quarter last year. Despite a decrease in cash flow ORMAT TECHNOLOGIES INC is still fairing well by exceeding its industry average cash flow growth rate of -63.38%.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Independent Power Producers & Energy Traders industry and the overall market, ORMAT TECHNOLOGIES INC's return on equity is below that of both the industry average and the S&P 500.

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