Ardour Capital Initiates Coverage on Ormat Technologies (ORA) with an Accumulate

June 9, 2009 7:46 AM EDT

Ardour Capital initiates coverage on Ormat Technologies (NYSE: ORA) with an Accumulate. Price target $45.50.

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Ormat Technologies, Inc. (Ormat) is engaged in the geothermal and recovered energy power business. The Company designs, develops, builds, owns and operates geothermal recovered energy-based power plants, usually using equipment that it designs and manufactures.


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ORA 36.21

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