JPMorgan raised the firm’s price target on Ormat Technologies to $80 from $79 and keeps a Neutral rating on the shares after the company announced the acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America. The analyst believes the assets fit well into the company’s existing U.S. portfolio and are “uniquely situated” for Ormat to drive incremental value through relatively low-risk equipment upgrades.
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