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Director Sharir Dafna of Ormat Technologies NASDAQ:ORA, sold 981 shares of common stock on September 30, 2025, at a price of $96.70, for a total transaction value of $94,862. The sale comes as the stock trades near its 52-week high of $101.15, having gained over 41% in the past six months. Following the transaction, Dafna directly owns 2257 shares of Ormat Technologies. The company, currently valued at $6.08 billion, trades at a P/E ratio of 47x. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with 11 more key insights available to subscribers.
In other recent news, Ormat Technologies announced its second-quarter 2025 results, surpassing consensus expectations for both revenue and earnings. This financial performance led Oppenheimer to raise its price target for the company to $100, maintaining an Outperform rating. Additionally, Ormat Technologies extended a 25-year power purchase agreement with the Southern California Public Power Authority, ensuring geothermal energy supply to key California districts until 2052. Piper Sandler upgraded Ormat’s stock rating from Neutral to Overweight, citing the growing demand for AI-related power as a significant industry catalyst. The firm also increased its price target to $102, reflecting the industry’s renewed focus on geothermal energy. UBS reiterated its Buy rating on Ormat Technologies, with a price target of $105, maintaining a positive outlook on the company. These developments highlight the company’s strong position and potential in the renewable energy sector.
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