The Relative Strength (RS) Rating for Ormat Technologies headed into a new percentile Friday, as it got a lift from 69 to 72.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they begin their biggest price moves. See if Ormat Technologies can continue to rebound and hit that benchmark.
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Ormat Technologies is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could launch a new move.
The company posted -29% EPS growth in its most recent report, while sales growth came in at 2%.
Ormat Technologies holds the No. 9 rank among its peers in the Energy-Alternative/Other industry group. NET Power, GE Vernova and Kenon Holdings are among the top 5 highly rated stocks within the group.
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