Ormat Technologies is trading 4.8% down at $102.77 after investors showed a muted reaction to the company’s September 8 Analyst/Investor Day updates.
- Jefferies reiterated a Hold rating with a $117 price target, describing the updates as relatively robust despite limited market response.
- The selling follows the prior session’s Investor Day-related advance and appears tied to profit-taking and restrained enthusiasm rather than new earnings weakness.