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Ormat Technologies Inc. (NYSE:ORA) Seasonal Chart

Seasonal Chart Analysis

Analysis of the Ormat Technologies Inc. (NYSE:ORA) seasonal charts above shows that a Buy Date of August 11 and a Sell Date of October 30 has resulted in a geometric average return of 0.84% above the benchmark rate of the S&P 500 Total Return Index over the past 20 years. This seasonal timeframe has shown positive results compared to the benchmark in 15 of those periods. This is a good rate of success and the return strongly outperforms the relative buy-and-hold performance of the stock over the past 20 years by an average of 3.43% per year.

The seasonal timeframe correlates Very Well with the period of seasonal strength for the Utilities sector, which runs from July 23 to October 3. The seasonal chart for the broad sector is available via the following link: Utilities Sector Seasonal Chart.

Ormat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company’s power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.

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