Ormat Technologies (NYSE:ORA) Price Target Cut to $141.00 by Analysts at Oppenheimer

Ormat Technologies (NYSE:ORA) had its price objective trimmed by Oppenheimer from $144.00 to $141.00 in a research report sent to investors on Friday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the energy company’s stock.

A number of other research firms have also recently issued reports on ORA. Weiss Ratings reiterated a “hold (c)” rating on shares of Ormat Technologies in a research note on Friday, July 17th. JPMorgan Chase & Co. raised their price target on Ormat Technologies from $106.00 to $123.00 and gave the company a “neutral” rating in a report 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. Piper Sandler boosted their price objective on Ormat Technologies from $125.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, Roth Capital restated a “buy” rating and set a $135.00 target price on shares of Ormat Technologies in a report on Monday, May 11th. Eight analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

Ormat Technologies Trading Up 0.7%

Shares of ORA stock opened at $108.17 on Friday. Ormat Technologies has a 12-month low of $86.08 and a 12-month high of $146.39. The company has a market capitalization of $6.65 billion, a P/E ratio of 53.29, a P/E/G ratio of 4.58 and a beta of 0.90. The firm has a 50-day moving average price of $116.45 and a 200 day moving average price of $117.50. The company has a quick ratio of 1.02, a current ratio of 1.05 and a debt-to-equity ratio of 0.87.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings data on Wednesday, August 5th. The energy company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.26 by $0.24. The firm had revenue of $258.76 million for the quarter, compared to analysts’ expectations of $240.03 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 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts forecast that Ormat Technologies will post 2.35 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The company 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 dividend on an annualized basis 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%.

Insider Activity at Ormat Technologies

In other news, Director Stanley Stern sold 250 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $138.42, for a total transaction of $34,605.00. Following the completion of the sale, the director owned 5,800 shares in the company, valued at $802,836. The trade was a 4.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David Granot sold 1,766 shares of Ormat Technologies stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $134.43, for a total value of $237,403.38. Following the completion of the sale, the director owned 1,766 shares of the company’s stock, valued at approximately $237,403.38. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,585 shares of company stock valued at $4,090,998 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Ormat Technologies

A number of institutional investors and hedge funds have recently modified their holdings of ORA. BlackRock Inc. acquired a new stake in Ormat Technologies during the 2nd quarter worth $896,374,000. Dimensional Fund Advisors LP raised its position in shares of Ormat Technologies by 2.3% during 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 acquiring an additional 43,749 shares during the last quarter. Geode Capital Management LLC lifted 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 during the period. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of Ormat Technologies by 32.7% in 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 period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Ormat Technologies by 62.6% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,073,639 shares of the energy company’s stock worth $89,928,000 after purchasing an additional 413,384 shares during the last quarter. 95.49% of the stock is owned by institutional investors.

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 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.