Barclays and Oppenheimer lower Ormat Technologies price targets
Dow Jones Newswires reports Barclays cut its Ormat target to $113 and Oppenheimer to $130, with both analysts keeping positive ratings on the shares.
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what happened
Barclays lowered its target price for Ormat Technologies shares from $122 to $113 and kept its Overweight rating. Oppenheimer reduced its target from $145 to $130 and maintained an Outperform recommendation. Dow Jones Newswires reported the changes, citing data from Benzinga.
Both decisions came out within the same day: Barclays at 16:39 GMT and Oppenheimer at 17:33 GMT.
why it matters
Two major brokers cutting their targets at the same time suggests that expectations for the company's valuation have become more modest, even though the ratings remain positive. Ormat operates in geothermal and renewable power generation, so such revisions interest investors tracking clean power stocks. Individual analyst decisions rarely move the market on their own.
tags
instruments
sources
- Ormat Technologies Price Target Cut to $113.00/Share From $122.00 by Barclays — Dow Jones Newswires, 6 November 2026 at 16:39 UTC
- Ormat Technologies Price Target Cut to $130.00/Share From $145.00 by Oppenheimer — Dow Jones Newswires, 6 November 2026 at 17:33 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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