JPMorgan Downgrades Ormat Technologies (ORA) to Neutral

March 6, 2019 4:48 AM EST
Get Alerts ORA Hot Sheet
Price: $68.59 +0.25%

Rating Summary:
    5 Buy, 8 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 26 | New: 41
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JPMorgan analyst Paul Coster downgraded Ormat Technologies (NYSE: ORA) from Overweight to Neutral with a price target of $60.00.

  • Steps aside citing lack of catalysts for the this year.
  • Likes the company overall with in the bounds of a longer-term perspective.
  • Expects business environment to improve in the coming 9-12 months as new Electricity segment projects begin operations.

For an analyst ratings summary and ratings history on Ormat Technologies click here. For more ratings news on Ormat Technologies click here.

Shares of Ormat Technologies closed at $55.63 yesterday.

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