RBC Capital initiated coverage of Ormat Technologies (ORA) with an Outperform rating and $130 price target Ormat is a vertically integrated market leader in geothermal energy development, the analyst tells investors in a research note. The firm believes geothermal is well positioned to support the growing demands of hyperscalers and transactions. Ormat is positioned to provide a source of always-on clean power, contends RBC.
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