Ormat Technologies, Inc. (ORA) has been highlighted in a bullish thesis by Make Money, Make Time’s Substack. The company specializes in geothermal and waste-heat recovery, with a growing focus on energy storage. Despite strong Q2 performance and acquisitions, concerns remain about valuation. Potential investors may want to wait for a more attractive entry point near $70 per share.

With revenue rising 9.9% in Q2 to $234M and EPS increasing 20% to $0.48, Ormat Technologies (ORA) continues to show growth potential in the renewable energy sector. The company’s expansion into energy storage and geothermal power positions it as a key player in the global market forecasted to reach $15B by 2030.

Despite the recent bullish sentiment surrounding Ormat Technologies, Inc. (ORA), the stock’s valuation remains a concern for some investors. Trading at 8.1x sales, 13.6x EBITDA, and 40.2x P/E, potential buyers may want to wait for a more favorable entry point near $70 per share. The company’s strong fundamentals and growth projections may offer long-term potential for patient investors.

Read more at Yahoo Finance: Ormat Technologies, Inc. (ORA): A Bull Case Theory