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Oppenheimer Keeps Their Buy Rating on Ormat Techno (ORA)

Tipranks - Tipranks - Sat Feb 28, 7:48AM CST

Oppenheimer analyst Noah Kaye maintained a Buy rating on Ormat Techno today and set a price target of $136.00.

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According to TipRanks, Kaye is a 5-star analyst with an average return of 18.4% and a 67.34% success rate. Kaye covers the Industrials sector, focusing on stocks such as Waste Management, Clean Harbors, and Trane Technologies.

In addition to Oppenheimer, Ormat Techno also received a Buy from Robert W. Baird’s Ben Kallo in a report issued today. However, on the same day, TipRanks – xAI downgraded Ormat Techno (NYSE: ORA) to a Hold.

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Based on Ormat Techno’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $276.04 million and a net profit of $31.35 million. In comparison, last year the company earned a revenue of $230.74 million and had a net profit of $40.82 million

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