Ormat Technologies receives moderate‑buy consensus from analysts

Analysts covering Ormat Technologies, Inc. (NYSE: ORA) have issued an average recommendation of “moderate buy.” Fourteen analysts contributed: one sell, five holds and eight buys. Wolfe Research initiated coverage with a “peer perform” rating. JPMorgan Chase raised its price target to $123.00 and gave a neutral rating, while UBS lifted its target to $152.00 and assigned a buy rating. Oppenheimer reaffirmed an “outperform” rating with a $144.00 target. The company reported quarterly earnings of $1.30 per share, surpassing the consensus estimate of $0.92, and revenue of $403.91 million versus the expected $349.17 million. Ormat posted a return on equity of 6.61 % and a net margin of 10.97 % for the quarter.