 Shares of geothermal power developer and utility Ormat Technologies (ORA: NYSE) are trading at 24.7 times the consensus estimate for 2013. That seems pricey on the surface, but the stock is down from a 52-week high of $22.24. The stock gaps up and down with regularity, suggesting ORA is a battle ground for bulls and bears. The fact that the 50-day moving average price continues to descend toward the longer-term 200-day average, hints that maybe the bears are now holding sway.
URL: http://www.renewableenergyworld.com/rea/news/article/2012/09/is-ormat-technologies-misunderstood?cmpid=rss
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