NEW YORK ( TheStreet) -- Ormat Technologies (NYSE: ORA) hit a new 52-week low Tuesday as it is currently trading at $15.06, below its previous 52-week low of $15.29 with 25,290 shares traded as of 10:31 a.m. ET. Average volume has been 246,300 shares over the past 30 days.

Ormat has a market cap of $713.3 million and is part of the utilities sector and utilities industry. Shares are down 46.9% 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 19.9, equal to the average utilities industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Ormat as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share. You can view the full Ormat Ratings Report.

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