🔴 Ormat Technologies is trading 10.2% down today after muted reaction to 2030 EBITDA guidance

Ormat Technologies is trading at $96.92, down 10.24%, after investors showed a muted reaction to the September 8 Analyst/Investor Day updates.

• Jefferies reiterated a Hold rating with a $117 price target, despite calling the updates relatively robust.
• The company guided 2030 EBITDA to $1.05 billion at the midpoint, above Jefferies’ estimate but only modestly ahead of consensus.
• Broader markets and energy stocks are moving in opposite directions, limiting support for the shares.