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Fly News Breaks for March 2, 2018
ORA
Mar 2, 2018 | 08:54 EDT
Roth Capital analyst Gerry Sweeney lowered his price target on Ormat Technologies to $67 from $70 after the company's Q4 earnings report and 2018 guidance that came in below Street estimates, noting that the downward revision in guidance was primarily related to the Products segment due to revenue and margin pressure. Sweeney, who has a Buy rating on shares, told investors in a research note that Ormat's core Electricity business remains on track with expectations for continued MW growth and margin expansion, which he said is the driver of value.
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