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Fly News Breaks for January 25, 2018
HTM, ORA
Jan 25, 2018 | 08:34 EDT
Roth Capital analyst Gerry Sweeney notes that Ormat Technologies (ORA) announced its intention to purchase U.S. Geothermal (HTM) for $5.45 per share in an all cash transaction. The analyst views the transaction as a positive natural "tuck-in" acquisition for Ormat. He reiterates a Buy rating and $70 price target on Ormat's shares.
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