Jefferies analyst Julien Dumoulin-Smith raised the firm’s price target on Ormat Technologies (ORA) to $86 from $78 and keeps a Buy rating on the shares. The firm updated its model for Q4 results and rolled forward valuation another year. The firm expects Ormat to deliver on FY28 financial targets given strong pricing trends, even without data center contracts reflected in guidance just yet, the analyst tells investors.
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