Ormat (ORA): Buy on Durable Geothermal Cash Flows and a Growing Storage Pivot
Ormat Technologies' mix of geothermal baseload generation, a rising energy storage services business, and recent project announcements make the stock a buy. Valuation looks reasonable relative to the growth story, and near-term catalysts - including commercial deployments and PPAs - can re-rate the shares. Trade plan targets $125 with a $95 stop fo…