TD Cowen lowered the firm’s price target on Ormat Technologies (ORA) to $125 from $131 and keeps a Buy rating on the shares. The firm said the company finished out FY25 in record fashion, driven by a strong growth in storage revenue and margins. While legacy curtailments and impairments compressed core electricity margins, securing data center PPAs sets up strong long-term outlook.
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Read More on ORA:
- Ormat Technologies price target lowered to $130 from $139 at Roth Capital
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- Ormat Technologies reports Q4 adjusted EPS 67c, consensus 64c
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