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Fly News Breaks for August 9, 2018
ORA
Aug 9, 2018 | 06:41 EDT
JPMorgan analyst Paul Coster upgraded Ormat Technologies to Overweight while lowering his price target for the shares to $60 from $64. The company reported mixed Q2 results and guidance owing to disruption at the Puna plant in Hawaii, Coster tells investors in a post-earnings research note. However, he believes that when excluding Puna, Ormat's execution "remains solid" and the company's long-term growth prospects "remain undimmed." He finds the stock attractively valued at current levels.
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