Barclays Maintains Equal-Weight on Ormat Technologies, Lowers Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Derek Podhaizer maintains an Equal-Weight rating on Ormat Technologies (ORA) and lowers the price target from $75 to $73.

May 13, 2024 | 6:12 pm
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NEUTRAL IMPACT
Barclays maintains an Equal-Weight rating on Ormat Technologies but lowers the price target from $75 to $73.
The adjustment in price target by Barclays reflects a nuanced view on Ormat Technologies, suggesting a cautious but not pessimistic outlook. The maintenance of an Equal-Weight rating indicates that Barclays sees ORA as fairly valued at its current price, but the reduction in the price target could imply a slight adjustment in expectations regarding the company's future performance. This could lead to short-term price stability or minor fluctuations as investors digest the implications of the revised target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100