JPMorgan raised the firm’s price target on Ormat Technologies (ORA) to $75 from $71 and keeps a Neutral rating on the shares. The company’s Q4 results aligned with expectations despite outage and curtailment headwinds, the analyst tells investors in a research note. The firm says Ormat’s fiscal 2025 guidance was below expectations at the midpoint owing to an expectation of continued curtailments and little revenue contribution from new projects.
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