Oppenheimer raised the firm’s price target on Ormat Technologies (ORA) to $136 from $125 and keeps an Outperform rating on the shares. The firm adjusted targets in the power technology group as part of a Q4 preview. While power prices are higher as overall power demand continues to grow, technology mix is starting to play a larger role in optimizing power costs with renewables mitigating price increases, the analyst tells investors in a research note.
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