Ormat Technologies price target lowered to $82 from $89 at Barclays

Barclays lowered the firm’s price target on Ormat Technologies to $82 from $89 and keeps an Equal Weight rating on the shares. The analyst says Q4 seasonality is expected to be more extensive than initially anticipated for U.S. onshore energy services, primarily driven by efficiencies delivering better well productivity, a sign of the maturing cycle.