Ormat ComparisonOrmat, the geothermal major, had its market cap dip to $640 million last week (now back over $700 million). And the company's profitable! Considering how much the market hates geothermal right now, why should Ram be priced any higher than it is? Is Ram worth 10% of Ormat? 5%?
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The market doesn't care about a new CEO, and it won't even react much to news about mechanical completion (watch in October, completion won't move the stock price 10%). The only thing that will change the trend of the stock price is a couple good quarters of cash flow from SJT 1 that live up to management promises.