Ormat Technologies EPS Beat Drives Price Target and Rating Changes
Ormat Technologies received continued analyst coverage, with one firm reaffirming a hold rating and others issuing Buy calls and setting new price targets. The stock’s consensus target sits near $130.08. Ormat reported $0.50 EPS for the quarter, beating the $0.26 estimate. Institutional investors increased stakes, and a separate note upgraded the shares to market perform.