Ormat Technologies Shares Decline After Bernstein Initiates Coverage With Underperform Rating

Bernstein SocGen Group initiated coverage on Ormat Technologies with an 'Underperform' rating and a $115 price target, causing the stock to fall in premarket trading. The analyst cited exploration risks in conventional geothermal energy and competition from firms like Fervo as concerns.

By Fiona Craig Wed, June 17, 2026 at 3:54 PM GMT+3 2 min read · Yahoo Finance · June 17, 2026, 12:54 UTC

Tickers: $ORA

Topics: analyst rating geothermal energy stock price movement

Read the full article at Yahoo Finance

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