Member Requested Asset Analysis | Volume 5
Quickfire Astrological Analysis for Member Picks.
The following astrological analyses cover assets specifically requested by members of the Rowan’s Financial Astrology group chat. I have no affiliation with the entities analyzed herein and hold no vested interest or positions in these assets.
These analyses do not constitute absolute predictions. They are intended as a quick-fire alternative analysis lens, akin to a weather report, to identify windows of high-probability momentum or friction. We do not go as in depth as the regular articles.
⏱ A 10-Minute Read
ORMAT TECHNOLOGIES ($ORA)
Ormat Technologies Stock has been performing well, up 20% over the last 6 months and up 49% over the past 12 months. Ormat are a pure-play renewable energy company. They design, build, own, and operate clean energy facilities globally. ORA is trading at a premium. Its Price-to-Earnings (P/E) ratio sits around 53x to 54x, which is quite high. Investors are paying a premium for expected growth, which makes the stock a bit sensitive to any operational missteps.
The company will be supplying up to 150 MW of new geothermal power specifically for Google’s data center operations in Nevada, which is an excellent signal for long term growth.
Out of the analysts covering ORA, the average 12-month price target is hovering around $128 to $129, which implies roughly an 18% to 20% upside from the current price. Targets range from a low of $111 to a high of $148.
For Ormat’s chart I’m using November 11th, 2004 at 09:30 AM in New York as per the Form 8-K filed directly by Ormat Technologies with the SEC on November 24, 2004.
This gives us the following astrological chart information.
