Ormat Technologies price target raised to $99 from $88 at JPMorgan

JPMorgan analyst Mark Strouse raised the firm’s price target on Ormat Technologies (ORA) to $99 from $88 and keeps a Neutral rating on the shares. The firm increased targets in the clean energy space ahead of the Q3 reports. The utility-scale solution providers remain best positioned while residential players are likely more mixed, the analyst tells investors in a research note. JPMorgan prefers stocks with exposure to U.S.-based manufacturing, diversified end markets, and long-term cash flow visibility.