Ormat Technologies, Inc. (ORA) – What Are Brokerages Thinking About This Stock?

Shares of Ormat Technologies, Inc. (NYSE:ORA) have received a consensus rating of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, eight have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $125.77.

Several brokerages have commented on ORA. Zacks Research lowered Ormat Technologies from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. JPMorgan Chase & Co. reduced their target price on shares of Ormat Technologies from $131.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 target price on shares of Ormat Technologies in a research report on Wednesday, September 9th. Jefferies Financial Group reiterated a “hold” rating and issued a $117.00 price target on shares of Ormat Technologies in a research note on Wednesday, September 9th. Finally, Morgan Stanley started coverage on shares of Ormat Technologies in a research report on Thursday, October 29th. They set an “overweight” rating and a $123.00 price target for the company.

Key Headlines Impacting Ormat Technologies

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.

Hedge Funds Weigh In On Ormat Technologies

Institutional investors and hedge funds have recently made changes to their positions in the business. Russell Investments Group Ltd. grew its stake in shares of Ormat Technologies by 0.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 115,600 shares of the energy company’s stock worth $10,576,000 after buying an additional 569 shares during the last quarter. Van Berkom & Associates Inc. increased its position in Ormat Technologies by 47.2% during the 3rd quarter. Van Berkom & Associates Inc. now owns 706,446 shares of the energy company’s stock valued at $64,633,000 after buying an additional 226,654 shares in the last quarter. M&G PLC raised its stake in Ormat Technologies by 35.9% during the third quarter. M&G PLC now owns 21,507 shares of the energy company’s stock valued at $1,957,000 after buying an additional 5,687 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Ormat Technologies during the third quarter valued at $87,000. Finally, Ethic Inc. raised its stake in Ormat Technologies by 22.8% during the third quarter. Ethic Inc. now owns 14,764 shares of the energy company’s stock valued at $1,351,000 after buying an additional 2,743 shares during the last quarter. Institutional investors own 95.49% of the company’s stock.

Ormat Technologies Stock Down 1.1%

Shares of NYSE:ORA opened at $91.96 on Tuesday. Ormat Technologies has a 52-week low of $85.77 and a 52-week high of $146.39. The firm has a market capitalization of $5.66 billion, a P/E ratio of 42.77, a P/E/G ratio of 3.42 and a beta of 0.89. The stock has a 50 day moving average price of $93.71 and a 200-day moving average price of $110.93. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.00 and a current ratio of 0.92.

Ormat Technologies (NYSE:ORA) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Ormat Technologies had a return on equity of 6.90% and a net margin of 11.07%. The company had revenue of $275.12 million during the quarter, compared to analysts’ expectations of $248.36 million. During the same quarter last year, the business posted $0.41 EPS. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. As a group, equities research analysts anticipate that Ormat Technologies will post 2.78 EPS for the current fiscal year.

Ormat Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 18th. Ormat Technologies’s dividend payout ratio is 22.33%.

Ormat Technologies Company Profile

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.