Does my power of receiver match the power of the speaker needed?

On the jamo website, I see S809 has Power Handling 120w/240w with impedance 8 ohm. Is that the power needed per channel? If so, I see most receivers under $1000 will have RMA output below 120w per channel. Like "Pioneer VSX-LX304" and "Yamaha RX-A2A" both have a price tag of around $800, but both receivers only rated output power of 100 W (8 ohms, 0.06% THD) (20Hz-20kHz, 2-ch driven) what is smaller than 120W what this S809 need. Does that mean even an $800 receiver will not be powerful enough to push a $350 speaker? That doesn't make sense to me.


Here are the products and spec I mentioned above:
https://www.jamo.com/products/s-809#manuals
https://www.adorama.com/pivsxlx304.html
https://www.adorama.com/yhrxa2abl.html
https://amzn.to/356tnK5