Ormat Technologies, Inc. (ORA)

Ormat Technologies, Inc. is trading at $89.52, down 2.93% on the session. The 50 day average sits at $94.95 and the 200 day at $111.49, which puts the stock in a downtrend. RSI is at 46.4, which reads as neutral, and MACD is bullish crossover. Volume is below average.

The nearest support is around $87.42 with resistance near $92.69, so that band frames the current range. Average daily movement is roughly $2.86, or about 3.2% of the share price, which is what any stop placement has to allow for. The overall health score of 38 out of 100 combines a trend score of 3, momentum of 66 and a risk score of 56.

Ormat Technologies, Inc. engages in the geothermal and recovered energy power business in the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, France, Indonesia, the Philippines, and internationally. It operates through three segments: Electricity, Product, and Energy Storage. The Electricity segment develops, builds, owns, and operates geothermal, solar photovoltaic, and recovered energy-based power plants; and sells electricity. The Product segment designs, manufactures, and sells equipment for geothermal and recovered energy-based electricity generation; and provides services relating to the engineering, procurement, and construction of geothermal and recovered energy-based power plants. The Energy Storage segment owns and operates grid-connected, stand alone In Front of the Meter (IFM) battery energy storage BESS facilities, which provide capacity, energy, and ancillary services directly to the electric grid. The company serves contractors, geothermal plant owners and operators, interstate natural gas pipeline owners and operators, gas processing plant owners and operators, cement plant owners and operators, and biomass facilities owners and operators, as well as other companies engaged in energy-intensive industrial processes. Ormat Technologies, Inc. was founded in 1965 and is headquartered in Reno, Nevada.