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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ORA:
- Ormat Technologies: Buy Rating Backed by Strong Pricing Trends and Long-Term Financial Targets
- Ormat Techno Board Member Mike Nikkel Steps Down
- Baird starts Ormat at Neutral, awaits clarity on policy
- Ormat Technologies initiated with a Neutral at Baird
- Ormat Technologies’ Earnings Call Highlights Growth Amid Challenges