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Jessica Woelfel, General Counsel, CCO, and CS of Ormat Technologies, INC. (NYSE:ORA), sold 5,611 shares of common stock on September 29, 2025, for approximately $531,922. The shares were sold at a weighted average price of $94.80, with individual sales prices ranging from $94.36 to $95.00. The transaction comes as ORA trades near its 52-week high of $96.92, having gained over 36% in the past six months. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
On the same day, Woelfel also disposed of 12,591 shares of Ormat Technologies, INC. common stock at $95.00 and $94.64, totaling $1,193,517. These shares were related to stock appreciation rights exercises.
Woelfel also acquired 16,401 shares of common stock through the exercise of stock appreciation rights. 6,401 shares were acquired at $78.53, totaling $502,670, and 10,000 shares were acquired at $69.14, totaling $691,400.
In other recent news, Ormat Technologies has been the focus of several notable developments. The company reported second-quarter 2025 results that surpassed consensus expectations for both revenue and earnings, reaffirming its fiscal year 2025 guidance. In terms of strategic agreements, Ormat extended a 25-year power purchase agreement with the Southern California Public Power Authority, ensuring the delivery of geothermal energy until 2052. Analyst sentiment has also been favorable, with Piper Sandler upgrading Ormat’s stock rating from Neutral to Overweight, citing the growing demand for AI-related power. Piper Sandler also raised Ormat’s price target to $102.00, reflecting renewed interest in geothermal energy. UBS reiterated its Buy rating on the company, maintaining a price target of $105.00, while Oppenheimer increased its price target to $100.00, highlighting a strong growth outlook. These developments indicate a positive momentum for Ormat Technologies in the renewable energy sector.
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