{
  "symbol": "ORA",
  "company": "Ormat Technologies, Inc.",
  "generated_at": "2026-06-24T07:36:51.369Z",
  "event_count": 1,
  "events": [
    {
      "type": "scout_dossier",
      "ts": "2026-05-22T00:49:07.186Z",
      "summary": "Ormat is a geothermal/recovered-energy power company with strong Q1 earnings beat (+91% EPS growth YoY) and record revenue ($403.9M vs $349.2M consensus). The investigation trigger cited insider Form 4 clusters, but every single recent filing in the past 90 days represents SELLING or equity compensation vesting followed by immediate sale — there are zero open-market P (purchase) transactions among any named insiders. CFO Assi Ginzburg and EVP Ofer Benyosef both exercised SARs and sold into strength; directors Granot, Marom, Wong, Stern all sold in the $130-$135 range near 52-week highs. The company closed a $1B convertible notes offering (March 2026), using proceeds to retire older 2027 notes, and guided positively for full-year 2026 — yet insider selling at these levels is uniformly bearish directional signal. Forward P/E of ~54x and EV/EBITDA of ~21x are stretched versus sector medians, the stock is near all-time highs (3.4% from ATH), and IV on front expirations runs 39-56% — rich enough for covered-call premium but not a mispricing play.",
      "verdict": "no_anomaly",
      "confidence": 5,
      "tool_calls": 25,
      "walltime_min": 13,
      "debug_path": "dossiers/2026-05-22-ORA.scout.debug.json"
    }
  ],
  "lessons": [
    {
      "id": "L-2026-06-19-005",
      "extracted_from": "2026-06-01-UEC-earnings-put-spread",
      "extracted_at": "2026-06-19T06:22:33.535Z",
      "outcome_context": "win",
      "category": "catalyst",
      "pattern": "For pre-revenue mining companies, the key earnings catalyst is operational progress (mine start-up, production targets, permitting status), not EPS. EPS misses are expected and priced in. Market reaction is driven by whether operational milestones are met or delayed, not financial performance. Score catalysts based on operational milestone significance, not EPS surprise potential.",
      "evidence": "UEC had zero Q3 revenue and a wider loss, but the real market driver was the Burke Hollow mine start-up announcement and inventory preservation decision. The stock reacted to these operational details, not the EPS miss. The earnings call highlighted 'strategic advancements' and 'production growth' as the key takeaways.",
      "applicability": "Applies to all pre-revenue or early-stage mining/exploration companies. Does NOT apply to established producers where EPS and revenue are the primary drivers.",
      "confidence": 5
    }
  ],
  "chart_signal": {
    "ticker": "ORA",
    "call": "HOLD",
    "confidence": 2,
    "score": 1,
    "factors": {
      "above_200dma": "+2",
      "below_50dma": "-1",
      "momentum_strong_up": "+2 (55.2%)",
      "rsi_neutral": "0 (38.1)",
      "recent_macd_bearish_cross": "-2 (10d ago)",
      "from_high": "0 (-15.0%)"
    },
    "summary": "HOLD (score +1) · 12-1 mom 55.2% · RSI 38.1 · above_200_only · -15.0% from high",
    "last_close": 123.3,
    "one_month_ago_close": 133.88,
    "twelve_month_ago_close": 86.29,
    "twelve_one_momentum_pct": 55.15,
    "rsi_14": 38.1,
    "ma_stack": "above_200_only",
    "from_period_high_pct": -15.02,
    "period_high": 145.1,
    "price_targets": {
      "bear": 101.57,
      "fair": 127.76,
      "bull": 166.87,
      "bear_return_pct": -17.6,
      "fair_return_pct": 3.6,
      "bull_return_pct": 35.3,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 115,
        "target_mean": 133.75,
        "target_high": 152,
        "analyst_count": 12
      }
    },
    "generated_at": "2026-06-24T07:36:51.364Z"
  }
}