Orbital Energy Group (OEG) PT Raised 650% to $15 at Craig-Hallum

Craig-Hallum analyst Eric Stine raised the price target on Orbital Energy Group (NASDAQ: OEG) to $15.00 (from $2.00) while maintaining a Buy rating after the company gained traction off of Orbital North America and its portfolio of gas products towards becoming a diversified energy infrastructure service provider.

The analyst stated "With OSS’ growing backlog and pipeline, sizable customer list, and emerging growth opportunities (including the announcement that OSS will be the exclusive solar EPC for Akon Lighting America (ALA) and Black Sunrise Half Century Fund (BSF) projects going forward), it is clear that this is just the start of Orbital having a substantial presence in renewable energy applications going forward as well."

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