Ormat Technologies price target raised to $148 from $135 at UBS

UBS raised the firm’s price target on Ormat Technologies (ORA) to $148 from $135 and keeps a Buy rating on the shares. Fervo Energy has filed for an IPO, signaling growing investor interest in geothermal energy, which could benefit Ormat by drawing more attention to its assets and potentially supporting a stock re-rating, though Fervo may introduce new competition in the sector, the analyst tells investors in a research note.