Analysts Have Conflicting Sentiments on These Utilities Companies: Ormat Techno (ORA) and Pinnacle West Capital (PNW)
Analysts have been eager to weigh in on the Utilities sector with new ratings on Ormat Techno (ORA – Research Report) and Pinnacle West Capital (PNW – Research Report).
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Ormat Techno (ORA)
TD Cowen analyst Jeff Osborne maintained a Buy rating on Ormat Techno yesterday and set a price target of $125.00. The company’s shares closed last Thursday at $106.47.
According to TipRanks.com, Osborne is a 4-star analyst with an average return of
Ormat Techno has an analyst consensus of Moderate Buy, with a price target consensus of $129.80.
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Pinnacle West Capital (PNW)
In a report released yesterday, Shahriar Pourreza from Wells Fargo maintained a Hold rating on Pinnacle West Capital, with a price target of $97.00. The company’s shares closed last Thursday at $99.54.
According to TipRanks.com, Pourreza is a 5-star analyst with an average return of
Pinnacle West Capital has an analyst consensus of Hold, with a price target consensus of $99.33, implying a -0.7% downside from current levels. In a report issued on February 25, TipRanks – Google also downgraded the stock to Hold with a $108.00 price target.
