Q2 2024 Ormat Technologies Inc Earnings Call Transcript
| ORA Stock | USD 72.03 0.86 1.21% |
About 52% of Ormat Technologies' investors are presently thinking to get in. The analysis of overall sentiment of trading Ormat Technologies stock suggests that some investors are interested at this time. The current market sentiment, together with Ormat Technologies' historical and current headlines, can help investors time the market. In addition, many technical investors use Ormat Technologies stock news signals to limit their universe of possible portfolio assets.
Aug 07, 2024 0100PM GMTOperator Good morning, and welcome to the Ormat Technologies second-quarter 2024 earnings conference call. Ple
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Ormat Technologies Fundamental Analysis
We analyze Ormat Technologies' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Ormat Technologies using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Ormat Technologies based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Cash And Equivalents
Cash And Equivalents Comparative Analysis
Ormat Technologies is currently under evaluation in cash and equivalents category among its peers. Cash or Cash Equivalents are the most liquid of all assets found on the company's balance sheet. It is used in calculating many of the firm's liquidity ratios and is a good indicator of the overall financial health of a company. Companies with a lot of cash are usually attractive takeover targets. Cash Equivalents are balance sheet items that are typically reported using currency printed on notes.
Ormat Technologies Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Ormat Technologies stock to make a market-neutral strategy. Peer analysis of Ormat Technologies could also be used in its relative valuation, which is a method of valuing Ormat Technologies by comparing valuation metrics with similar companies.
Peers
Ormat Technologies Related Equities
| ENLT | Enlight Renewable | 3.63 | ||||
| BEPC | Brookfield Renewable | 1.06 | ||||
| BEP | Brookfield Renewable | 0.27 | ||||
| RNW | Renew Energy | 0.16 | ||||
| CWEN-A | Clearway Energy | 0.11 | ||||
| CWEN | Clearway Energy | 0.10 | ||||
| EE | Excelerate Energy | 0.62 | ||||
| FLNC | Fluence Energy | 1.64 | ||||
| ELLO | Ellomay Capital | 4.09 |
Complementary Tools for Ormat Stock analysis
When running Ormat Technologies' price analysis, check to measure Ormat Technologies' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Ormat Technologies is operating at the current time. Most of Ormat Technologies' value examination focuses on studying past and present price action to predict the probability of Ormat Technologies' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Ormat Technologies' price. Additionally, you may evaluate how the addition of Ormat Technologies to your portfolios can decrease your overall portfolio volatility.
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