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Ormat Technologies price target raised to $90 from $78 at Piper Sandler

Piper Sandler raised the firm’s price target on Ormat Technologies (ORA) to $90 from $78 and keeps a Neutral rating on the shares. Shares are up 33% year to date as the improving regulatory environment and demand for AI-related baseload power generation has driven a significant re-rating story, the analyst tells investors in a research note.

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