UBS lowered the firm’s price target on Ormat Technologies to $92 from $95 and keeps a Buy rating on the shares. The firm is revising its 2024 storage segment revenue and gross margin assumptions primarily to reflect the timing of the Bottleneck facility, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ORA:
- Ormat Secures 15-Year Energy Storage Service Agreement With San Diego Community Power for Pomona 2 Energy Storage Facility
- Ormat Technologies secures 15-yaer energy storage service agreement with SDCP
- Ormat signed 25-year power purchase agreement with Dominica Electricity
- Oppenheimer Expects the S&P 500’s Advance to Continue Into 2024 — Here’s Why These 2 Stocks Might Be Worth Buying
- Ormat Technologies Reports Third Quarter 2023 Financial Results