Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Ormat Technologies (ORA) to $120 from $97 and keeps a Buy rating on the shares. Driven by a win on geothermal and storage in the “One Big Beautiful Bill,” the stock is up nearly 50% year-to-date, but the firm thinks there is “still a lot to like here.” The firm expects a “no frills” Q3 in which Ormat steadily executes on fiscal year guidance, which the firm expects will be reiterated, the analyst tells investors in a preview.
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