Ormat Technologies, Inc. (NYSE:ORA)
CAPS Rating:
A vertically integrated company engaged in the geothermal and recovered energy power business. It designs, develops, builds, owns and operates clean, environmentally friendly geothermal and recovered energy-based power plants.
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Hedge against a market that isn't rewarding exploratory and innovative companies. I don't have much knowledge about geothermal energy or its potential -- it is interesting to find ORA 7 years after its IPO back to a 0% return (in line with S&P 500) after becoming more than a three-bagger. CAPS is for fun too, and I'm having fun by red-thumbing this stock. That said, I'm partly doing it to stay interested and aware regarding both this technology and this stock.