Ormat Technologies saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 75 to 81.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Ormat Technologies is working on a cup without handle with an 84.30 buy point. See if the stock can clear the breakout price in heavy trading.
While EPS growth dropped in the company's most recently reported quarter from 7% to 5%, the top line rose 2%, up from -4% in the previous report.
The company earns the No. 9 rank among its peers in the Energy-Alternative/Other industry group. Enlight Renewable Energy, Kenon Holdings and GE Vernova 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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