Shares of Ormat Technologies (NYSE:ORA) were gapping up Wednesday morning with an open price 11.5% higher than Tuesday's closing price. The stock closed at $19.17 yesterday and opened today's trading at $21.37.
NEW YORK ( TheStreet) -- Shares of Ormat Technologies (NYSE: ORA) were gapping up Wednesday morning with an open price 11.5% higher than Tuesday's closing price. The stock closed at $19.17 Tuesday and opened today's trading at $21.37. The average volume for Ormat has been 168,900 shares per day over the past 30 days. Ormat has a market cap of $863.6 million and is part of the utilities sector and utilities industry. Shares are up 6.3% 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 in the United States and internationally. The company operates in two segments, Electricity and Product. TheStreet Ratings rates Ormat as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, good cash flow from operations and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins. You can view the full Ormat Ratings Report. Get more investment ideas from our investment research center.