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NEW YORK ( TheStreet) -- Ormat Technologies (NYSE: ORA) hit a new 52-week low Wednesday as it is currently trading at $21.67, below its previous 52-week high of $31.23 with 70,522 shares traded as of 12:56 p.m. ET. Average volume has been 208,600 shares over the past 30 days. Ormat has a market cap of $998.6 million and is part of the utilities sector and utilities industry. Shares are down 25.6% year to date as of the close of trading on Tuesday. Ormat Technologies, Inc., together with its subsidiaries, engages in the geothermal and recovered energy power business worldwide. The company operates in two segments, Electricity and Product. The company has a P/E ratio of 39.2, above the average utilities industry P/E ratio of 37.9 and above the S&P 500 P/E ratio of 17.7.