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NEW YORK ( TheStreet) -- Ormat Technologies (NYSE: ORA) hit a new 52-week low Monday as it is currently trading at $20.46, below its previous 52-week low of $20.54 with 37,018 shares traded as of 10:30 a.m. ET. Average volume has been 234,200 shares over the past 30 days. Ormat has a market cap of $953.1 million and is part of the utilities sector and utilities industry. Shares are down 29.4% year to date as of the close of trading on Friday. 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 37.5, above the average utilities industry P/E ratio of 36.2 and above the S&P 500 P/E ratio of 17.7.