When putting together your watch list, look for stocks with an 80 or higher RS Rating. Ormat Technologies stock is one stock that just reached the mark, now earning a score of 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
See How IBD Helps You Make More Money In Stocks
Is Ormat Technologies Stock A Buy?
Ormat Technologies stock is building a consolidation with a 101.91 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from 3% to 78%, but revenue fell from 11% to 8%.
Ormat Technologies stock holds the No. 2 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy and Rex American Resources are also among the group's highest-rated stocks.
