Published on 21 Mar 2024 on Simply Wall St. via Yahoo Finance
Ormat Technologies, Inc.'s (NYSE:ORA) Fundamentals Look Pretty Strong: Could The Market Be Wrong...
Ormat Technologies (NYSE:ORA) has had a rough three months with its share price down 12%. But if you pay close attention, you might find that its key financial indicators look quite decent, which could mean that the stock could potentially rise in the long-term given how markets usually reward more resilient long-term fundamentals. In this article, we decided to focus on Ormat Technologies' ROE.
ROE or return on equity is a useful tool to assess how effectively a company can generate returns on the investment it received from its shareholders. Put another way, it reveals the company's success at turning shareholder investments into profits.
View our latest analysis for Ormat Technologies