Ormat Technologies (NYSE:ORA) Given New $130.00 Price Target at Oppenheimer

Ormat Technologies (NYSE:ORA) had its price objective trimmed by Oppenheimer from $145.00 to $130.00 in a report released on Friday morning,Benzinga reports. The brokerage currently has an outperform rating on the energy company’s stock.

Several other equities research analysts also recently issued reports on the company. Morgan Stanley started coverage on Ormat Technologies in a research report on Thursday, October 29th. They set an “overweight” rating and a $123.00 target price on the stock. Zacks Research cut Ormat Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. Sanford C. Bernstein reissued a “market perform” rating and set a $112.00 price objective on shares of Ormat Technologies in a report on Friday. Royal Bank Of Canada reissued an “outperform” rating and set a $130.00 price objective on shares of Ormat Technologies in a report on Wednesday, September 9th. Finally, Wall Street Zen raised Ormat Technologies from a “strong sell” rating to a “sell” rating in a report on Sunday, October 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Ormat Technologies has an average rating of “Moderate Buy” and an average target price of $125.77.

Ormat Technologies Stock Performance

Shares of ORA traded down $1.02 during trading hours on Friday, hitting $91.96. The company’s stock had a trading volume of 940,655 shares, compared to its average volume of 874,176. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 3.42 and a beta of 0.89. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.00. The business has a 50 day simple moving average of $93.71 and a two-hundred day simple moving average of $110.93. Ormat Technologies has a 52-week low of $85.77 and a 52-week high of $146.39.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.23. The company had revenue of $275.12 million for the quarter, compared to analyst estimates of $248.36 million. Ormat Technologies had a net margin of 10.66% and a return on equity of 6.61%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.41 earnings per share. On average, equities analysts expect that Ormat Technologies will post 2.69 earnings per share for the current fiscal year.

Ormat Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.48 annualized dividend and a yield of 0.5%. Ormat Technologies’s dividend payout ratio (DPR) is currently 23.65%.

Hedge Funds Weigh In On Ormat Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in shares of Ormat Technologies during the 2nd quarter valued at about $896,374,000. Clal Insurance Enterprises Holdings Ltd bought a new position in shares of Ormat Technologies in the second quarter worth approximately $259,568,000. Canada Pension Plan Investment Board purchased a new stake in Ormat Technologies in the second quarter valued at approximately $173,638,000. Legal & General Group Plc purchased a new stake in Ormat Technologies in the second quarter valued at approximately $77,650,000. Finally, Deutsche Bank AG bought a new stake in Ormat Technologies during the second quarter valued at approximately $42,015,000. 95.49% of the stock is currently owned by hedge funds and other institutional investors.

Ormat Technologies News Summary

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

• Positive Sentiment: Ormat beat third-quarter estimates, reporting adjusted EPS of $0.56 versus estimates of roughly $0.33–$0.36 and revenue of $275.1 million versus $248.4 million expected. Revenue grew 10.2% year over year. Ormat Q3 earnings and revenues beat estimates
• Positive Sentiment: The company raised its 2026 earnings guidance and increased its full-year revenue and EBITDA outlook, citing strong energy-storage sales. Improved guidance signals management expects continued growth. Ormat raises 2026 earnings guidance
• Positive Sentiment: Ormat declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually. The modest 0.5% yield provides a small income component. Ormat dividend announcement
• Neutral Sentiment: Bernstein reaffirmed its Market Perform rating with a $112 price target, indicating a cautious, broadly unchanged view despite implied upside from the reported $91.96 share price.
• Negative Sentiment: Oppenheimer lowered its target from $145 to $130, and Barclays cut its target from $122 to $113. Both firms retained bullish ratings—Outperform and Overweight, respectively—but the reductions may temper investor expectations.

About Ormat Technologies

Ormat Technologies, Inc (NYSE: ORA) develops, owns, and operates renewable and alternative energy projects. The company’s principal activities include geothermal power generation, energy storage, and recovered energy generation, which converts waste heat from industrial processes into electricity.

Ormat provides equipment and services for geothermal projects, including turbines, generators, power plants, and related engineering and development capabilities. Its geothermal technology is designed to generate electricity from naturally occurring underground heat, including resources that may be unsuitable for conventional steam-based systems.

Founded in 1965, Ormat serves customers and operates projects in multiple international markets, including the United States, Latin America, Africa, and Asia.