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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 March 18 and a Sell Date of June 26 has resulted in a geometric average return of 3.12% above the benchmark rate of the S&P 500 Total Return Index over the past 14 years. This seasonal timeframe has shown positive results compared to the benchmark in 12 of those periods. This is a very good rate of success and the return slightly outperforms the relative buy-and-hold performance of the stock over the past 14 years by an average of 0.57% per year.

The seasonal timeframe correlates Poorly 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 derives approximately two thirds of its revenue from building and operating geothermal plants and the rest from manufacturing geothermal and recovered energy equipment. Nearly two thirds of its capacity is in the United States, with the balance in Africa and Central America. Nearly all the plants have long-term contracts with local utilities.

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