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Business, Energy

Ormat tops $2B

10.31.07 | Comment?

6 month Ormat (ORA) Stock Chart
6 month chart for Ormat (ORA) stock performance

Today, despite the earlier dilution from a secondary offering on the public market, Ormat’s market capitalization has surged past $2B. That puts the P/E ratio at nearly 95 trailing twelve months. Ormat is a good company in a hot market. But, does the company’s performance justify this sort of premium? Caveat Emptor.

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