On Friday, Ormat Technologies received an upgrade to its Relative Strength (RS) Rating, from 68 to 72.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their largest runs. See if Ormat Technologies can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
Ormat Technologies is building a consolidation with an 84.30 entry. See if it can break out in volume at least 40% above average.
Earnings growth picked up last quarter from -11% to 7%. But sales fell from 2% to -4%.
Ormat Technologies holds the No. 6 rank among its peers in the Energy-Alternative/Other industry group. Clearway Energy Cl C, Clearway Energy Cl A and Kenon Holdings are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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