Barclays lowered the firm’s price target on Ormat Technologies (ORA) to $108 from $118 and keeps an Overweight rating on the shares. The firm adjusted targets in the energy services group as part of a Q4 earnings preview. It believes 2026 estimates are poised to move higher due to “multi-year bullish narratives,” including Venezuela, international unconventionals, a tightening frac market and distributed power.
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