This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts’ Top Utilities Picks: Ormat Techno (ORA), Ameren (AEE)

Tipranks - Fri May 8, 3:56PM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Ormat Techno (ORA) and Ameren (AEE) with bullish sentiments.

Claim 55% Off TipRanks

Ormat Techno (ORA)

TD Cowen analyst Jeff Osborne maintained a Buy rating on Ormat Techno today and set a price target of $145.00. The company’s shares closed last Thursday at $122.52.

According to TipRanks.com, Osborne is a 3-star analyst with an average return of 2.5% and a 46.3% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Eos Energy Enterprises, Ballard Power Systems, and Landis+Gyr Group AG. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Ormat Techno with a $129.60 average price target, which is a 5.4% upside from current levels. In a report issued on April 29, Roth MKM also maintained a Buy rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

Ameren (AEE)

BMO Capital analyst James Thalacker maintained a Buy rating on Ameren today and set a price target of $121.00. The company’s shares closed last Thursday at $108.77.

According to TipRanks.com, Thalacker is a 5-star analyst with an average return of 14.6% and a 74.4% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

Ameren has an analyst consensus of Moderate Buy, with a price target consensus of $119.25, which is a 9.2% upside from current levels. In a report released yesterday, TipRanks – xAI also upgraded the stock to Buy with a $124.00 price target.

Read More on ORA:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.