Ormat Technologies Stock Maintains 'Outperform' Rating from Royal Bank Of Canada

Ormat Technologies' stock has received an 'outperform' rating from Royal Bank Of Canada. This is not the first time the bank has given this assessment, as it was also reaffirmed in a previous report.

The target price on Ormat Technologies' (NYSE:ORA) stock by Royal Bank Of Canada is $130.00, which represents a potential upside of 23.14% from the current price. This rating and price objective are based on the bank's analysis of the company's performance and future prospects.

Other analysts have also weighed in on Ormat Technologies' stock. Jefferies Financial Group has given it a 'hold' rating, while Barclays has decreased its price target to $122.00. Wolfe Research initiated coverage with a 'peer perform' rating, and Wall Street Zen downgraded the stock from 'hold' to 'sell'.