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Ormat Technologies EPS Beat Drives Price Target and Rating Changes

Ormat Technologies logoOrmat Technologies
Sig1.60Sen+2.60Env0.00Soc0.00Gov0.00

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.

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