Ormat Technologies (NYSE:ORA) Downgraded by Wall Street Zen to “Sell”

Wall Street Zen lowered shares of Ormat Technologies (NYSE:ORA) from a hold rating to a sell rating in a report issued on Saturday morning.

Several other brokerages also recently commented on ORA. Wolfe Research started coverage on Ormat Technologies in a research note on Monday, June 8th. They set a “peer perform” rating for the company. Barclays lifted their price objective on shares of Ormat Technologies from $126.00 to $127.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ormat Technologies in a report on Friday, July 17th. Oppenheimer dropped their price objective on shares of Ormat Technologies from $144.00 to $141.00 and set an “outperform” rating on the stock in a research report on Friday. Finally, Roth Capital restated a “buy” rating and set a $135.00 target price on shares of Ormat Technologies in a research note on Monday, May 11th. Eight equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Ormat Technologies Stock Up 0.7%

Shares of ORA stock opened at $108.17 on Friday. Ormat Technologies has a 52-week low of $86.08 and a 52-week high of $146.39. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.05. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 53.29, a PEG ratio of 4.61 and a beta of 0.90. The firm’s 50-day moving average is $116.45 and its 200-day moving average is $117.50.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.24. The firm had revenue of $258.76 million for the quarter, compared to the consensus estimate of $240.03 million. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.66%.The business’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. Sell-side analysts predict that Ormat Technologies will post 2.36 EPS for the current year.

Ormat Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be given a $0.12 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. Ormat Technologies’s payout ratio is presently 23.65%.

Insider Activity at Ormat Technologies

In other news, Director Michal Marom sold 3,080 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $130.97, for a total transaction of $403,387.60. Following the completion of the sale, the director owned 1,766 shares of the company’s stock, valued at approximately $231,293.02. This represents a 63.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Stanley Stern sold 250 shares of Ormat Technologies stock in a transaction that occurred on Wednesday, May 27th. The shares were sold at an average price of $138.42, for a total transaction of $34,605.00. Following the completion of the transaction, the director directly owned 5,800 shares in the company, valued at $802,836. This trade represents a 4.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,585 shares of company stock worth $4,090,998 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Institutional Trading of Ormat Technologies

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new position in Ormat Technologies in the second quarter valued at about $896,374,000. Dimensional Fund Advisors LP boosted its stake in shares of Ormat Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,910,292 shares of the energy company’s stock valued at $211,036,000 after purchasing an additional 43,749 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Ormat Technologies by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 1,611,360 shares of the energy company’s stock valued at $178,033,000 after purchasing an additional 102,864 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. grew its holdings in shares of Ormat Technologies by 32.7% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,147,863 shares of the energy company’s stock valued at $128,469,000 after purchasing an additional 282,583 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Ormat Technologies by 62.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,073,639 shares of the energy company’s stock valued at $89,928,000 after purchasing an additional 413,384 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors.

Key Ormat Technologies News

Here are the key news stories impacting Ormat Technologies this week:

• Positive Sentiment: Quarterly results exceeded expectations. Ormat reported second-quarter earnings of $0.50 per share, compared with the $0.26 analyst consensus, while revenue rose 10.6% year over year to $258.76 million, above estimates of $240.03 million. Earnings also increased from $0.48 per share in the year-ago quarter. Ormat Technologies quarterly earnings report
• Positive Sentiment: Management raised its 2026 outlook. The improved forecast, following the better-than-expected quarter, provides investors with greater confidence in Ormat’s near-term growth prospects. Energy storage sales surged 195.1%, highlighting strong momentum in a strategically important business area. Ormat Technologies Q2 earnings and revenue article
• Positive Sentiment: Oppenheimer remains bullish. The firm maintained its “outperform” rating and reduced its price target from $144 to $141. Despite the cut, the revised target still implied approximately 30.3% upside from the referenced share price, supporting the positive investment case.
• Neutral Sentiment: Ormat declared a quarterly dividend of $0.12 per share. Investors of record on August 19 will receive payment on September 2. The dividend offers limited income support, with an annualized yield of approximately 0.4%.
• Negative Sentiment: The price-target reduction introduces a modest cautionary signal. Although Oppenheimer remains positive, the lower target suggests some restraint in valuation expectations after the recent earnings update. Ormat also trades at a relatively elevated earnings multiple, increasing sensitivity to any slowdown in growth.

Ormat Technologies Company Profile

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.