Baird initiated coverage of Ormat Technologies (ORA) with a Neutral rating and $81 price target The firm views the company as a leader in the geothermal power generation space, which has recently become more important in the pursuit of energy independence. Baird added, however, that it awaits clarity on policy before becoming more constructive, noting it sees Ormat as having a path to grow both its geothermal and Energy Storage operations faster than peers.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORA:
- Ormat Technologies initiated with a Neutral at Baird
- Ormat Technologies’ Earnings Call Highlights Growth Amid Challenges
- Ormat Technologies price target raised to $75 from $71 at JPMorgan
- Ormat Technologies Reports Strong 2024 Financial Results
- Balanced Outlook: Ormat Technologies’ Hold Rating Amid Strong Cash Flow Prospects and Regulatory Challenges