JPMorgan Downgrades Ormat Technologies (ORA) to Neutral
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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.
Shares of Ormat Technologies closed at $55.63 yesterday.
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