Baird raised the firm’s price target on Ormat Technologies (ORA) to $143 from $125 and keeps an Outperform rating on the shares. The firm updated its model after the company signed a data center offtake agreement with more to come possibly.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORA:
- Video: JPMorgan kicks off earnings season
- Ormat Technologies first data center PPA an ‘important milestone’, says Roth
- Ormat Technologies signs 20-year power purchase agreement with Switch
- Ormat Technologies upgraded to Buy from Hold at TD Cowen
- Ormat Technologies commences commercial operation of Arrowleaf