Ormat Technologies (NYSE:ORA) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Ormat Technologies (NYSE:ORA) issued its quarterly earnings results on Wednesday. The energy company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.24, FiscalAI reports. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.97%.The company had revenue of $258.76 million for the quarter, compared to the consensus estimate of $240.03 million. During the same period last year, the business posted $0.48 earnings per share. The firm’s revenue was up 10.6% compared to the same quarter last year.

Ormat Technologies Price Performance

Shares of NYSE ORA traded up $8.65 during trading on Thursday, reaching $106.67. The company had a trading volume of 1,055,137 shares, compared to its average volume of 868,977. Ormat Technologies has a 52 week low of $84.67 and a 52 week high of $146.39. The business’s 50 day moving average price is $117.64 and its 200-day moving average price is $117.64. The stock has a market cap of $6.56 billion, a PE ratio of 51.75, a PEG ratio of 4.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.07.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.4%. The ex-dividend date is Wednesday, August 19th. Ormat Technologies’s dividend payout ratio (DPR) is presently 23.30%.

Key Headlines Impacting Ormat Technologies

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 analyst estimates ranging from $0.26 to $0.29, while revenue rose 10.6% year over year to $258.76 million, above the $240.03 million consensus. Ormat Technologies Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Growth was broad-based: Gross profit increased 20.8% and adjusted EBITDA grew 6.9%. Energy storage revenue nearly tripled year over year, with Zacks reporting a 195.1% surge driven by favorable merchant pricing and new capacity additions. Ormat Technologies Reports Second Quarter 2026 Financial Results
• Positive Sentiment: 2026 guidance was raised: The company increased its full-year revenue and adjusted EBITDA outlook. Revenue guidance was reported at approximately $1.2 billion, above the roughly $1.1 billion analyst consensus, signaling stronger expected operating momentum. Ormat Technologies Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Strategic progress supports longer-term growth: Ormat continued two enhanced geothermal system pilot programs and introduced the Ormega100 surface generation unit, expanding its renewable-energy opportunity set. Ormat Technologies Reports Second Quarter 2026 Financial Results
• Neutral Sentiment: Dividend maintained: Ormat declared a quarterly dividend of $0.12 per share, payable September 2 to shareholders of record August 19. The annualized yield is approximately 0.5%, making the dividend supportive of shareholder returns but not a major income catalyst.

Insiders Place Their Bets

In other news, Director Byron G. Wong sold 4,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $134.32, for a total value of $604,440.00. Following the completion of the sale, the director directly owned 5,925 shares of the company’s stock, valued at $795,846. This represents a 43.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director David Granot sold 1,766 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $134.43, for a total value of $237,403.38. Following the sale, the director directly owned 1,766 shares in the company, valued at $237,403.38. The trade was a 50.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 30,585 shares of company stock valued at $4,090,998 over the last quarter. Company insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Ormat Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in ORA. AQR Capital Management LLC increased its position in Ormat Technologies by 324.1% during the 1st quarter. AQR Capital Management LLC now owns 24,918 shares of the energy company’s stock worth $1,740,000 after buying an additional 19,043 shares during the period. United Services Automobile Association bought a new position in Ormat Technologies in the 1st quarter valued at approximately $243,000. Empowered Funds LLC lifted its stake in Ormat Technologies by 7.3% in the 1st quarter. Empowered Funds LLC now owns 4,201 shares of the energy company’s stock valued at $297,000 after purchasing an additional 286 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Ormat Technologies by 22.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 234,467 shares of the energy company’s stock valued at $16,593,000 after buying an additional 43,483 shares in the last quarter. Finally, Intech Investment Management LLC grew its stake in shares of Ormat Technologies by 10.5% during the first quarter. Intech Investment Management LLC now owns 24,592 shares of the energy company’s stock worth $1,740,000 after buying an additional 2,329 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORA has been the topic of several research reports. Barclays boosted their price target on Ormat Technologies from $126.00 to $127.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Piper Sandler boosted their price objective on Ormat Technologies from $125.00 to $142.00 and gave the company an “overweight” rating in a research report on Monday, May 18th. Oppenheimer restated an “outperform” rating and issued a $144.00 target price on shares of Ormat Technologies in a research note on Friday, May 8th. Wolfe Research initiated coverage on Ormat Technologies in a research report on Monday, June 8th. They issued a “peer perform” rating for the company. Finally, Roth Capital reissued a “buy” rating and issued a $135.00 price target on shares of Ormat Technologies in a report on Monday, May 11th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.75.

About Ormat Technologies

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.