Ormat Technologies price target lowered to $106 from $108 at JPMorgan

JPMorgan lowered the firm’s price target on Ormat Technologies (ORA) to $106 from $108 and keeps a Neutral rating on the shares. The firm adjusted targets in the clean energy and power infrastructure group as part of a Q1 preview. JPMorgan sees a “catalyst-rich environment” with data center contract announcements and increased order volumes likely to continue to “buoy sentiment.” The analyst maintains a preference for stocks with significant exposure to U.S.-based manufacturing, diversified end markets, and strong balance sheets.