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.
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