Quick Summary:
- The U.S. Interior Department accelerates geothermal project permits, favoring Ormat Technologies.
- Analysts predict an average 13.27% upside potential for ORA stock with a price target of $84.00.
- Ormat Technologies rated as "Outperform" with a GF Value estimate suggesting a 21.64% upside.
Geothermal Projects Fast-Tracked
The U.S. Interior Department has announced a streamlined permitting process that aims to expedite geothermal energy projects. This significant policy shift benefits Ormat Technologies (NYSE: ORA) directly, as three of its crucial projects in Nevada will be prioritized. This initiative aligns with broader energy strategies designed to cut down the traditionally lengthy approval times, thus accelerating the deployment of essential energy infrastructure.
Ormat Technologies Analyst Forecasts
Wall Street analysts project a promising future for Ormat Technologies Inc (ORA, Financial), with a one-year average price target of $84.00. The high estimate sits at $100.00, while the low comes in at $76.00. At a current trading price of $74.16, these predictions suggest a potential upside of 13.27%. Investors can find more detailed estimate information on the Ormat Technologies Inc (ORA) Forecast page.
Brokerage Recommendations
Currently, Ormat Technologies Inc's stock is rated at 2.4 by consensus from 10 brokerage firms, indicating an "Outperform" status. This rating falls on a scale where 1 represents a "Strong Buy" and 5 a "Sell," indicating confidence in ORA's near-term performance.
GuruFocus Value Estimate
According to GuruFocus estimates, the one-year GF Value estimate for Ormat Technologies Inc (ORA, Financial) is $90.21. This valuation suggests a notable upside of 21.64% from the current price of $74.16. The GF Value is derived from historical trading multiples, past business growth, and future performance projections, aiming to depict the stock's fair trading value. Investors seeking more insights can visit the Ormat Technologies Inc (ORA) Summary page.
