Ormat Technologies (NYSE:ORA) Price Target Cut to $130.00 by Analysts at Oppenheimer

Key Points

• Oppenheimer cut its price target on Ormat Technologies to $130 from $145 but maintained an “outperform” rating; the new target implies 41.47% upside from the cited share price.
• Ormat’s latest quarterly results beat estimates: revenue rose 10.2% year over year to $275.1 million, and EPS of $0.56 topped the $0.33 consensus. The company also raised the midpoint of its 2026 revenue and adjusted EBITDA guidance.
• Analyst sentiment remains generally positive: MarketBeat reports a “Moderate Buy” consensus and an average price target of $125.77, despite recent target cuts from Oppenheimer and Barclays.

Ormat Technologies (NYSE:ORA - Get Free Report) had its target price dropped by Oppenheimer from $145.00 to $130.00 in a research report issued on Friday, Benzinga reports. The brokerage presently has an "outperform" rating on the energy company's stock. Oppenheimer's price objective would suggest a potential upside of 41.47% from the company's current price.

A number of other analysts have also weighed in on ORA. Barclays cut their target price on shares of Ormat Technologies from $122.00 to $113.00 and set an "overweight" rating on the stock in a research report on Friday. Wall Street Zen upgraded shares of Ormat Technologies from a "strong sell" rating to a "sell" rating in a report on Sunday, October 11th. Sanford C. Bernstein reiterated a "market perform" rating and issued a $112.00 price target on shares of Ormat Technologies in a research note on Friday. Zacks Research downgraded Ormat Technologies from a "hold" rating to a "strong sell" rating in a report on Friday, October 9th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ormat Technologies in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $125.77.

Ormat Technologies Stock Performance

ORA stock traded down $1.08 during trading hours on Friday, hitting $91.89. 259,839 shares of the stock were exchanged, compared to its average volume of 870,140. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.65 billion, a P/E ratio of 42.86, a P/E/G ratio of 3.50 and a beta of 0.89. The company has a 50-day simple moving average of $93.97 and a two-hundred day simple moving average of $111.06. Ormat Technologies has a 12 month low of $85.77 and a 12 month high of $146.39.

Ormat Technologies (NYSE:ORA - Get Free Report) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.33 by $0.23. Ormat Technologies had a net margin of 11.07% and a return on equity of 6.94%. The firm had revenue of $275.12 million for the quarter, compared to analyst estimates of $248.36 million. During the same period last year, the firm earned $0.41 EPS. The business's quarterly revenue was up 10.2% compared to the same quarter last year. On average, analysts forecast that Ormat Technologies will post 2.69 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ormat Technologies

Large investors have recently modified their holdings of the company. Main Street Group LTD bought a new position in shares of Ormat Technologies in the first quarter valued at $29,000. Quantbot Technologies LP acquired a new position in shares of Ormat Technologies during the second quarter valued at about $33,000. Allworth Financial LP acquired a new position in shares of Ormat Technologies during the second quarter valued at about $40,000. Public Employees Retirement System of Ohio bought a new stake in shares of Ormat Technologies during the second quarter worth about $46,000. Finally, Root Financial Partners LLC bought a new stake in shares of Ormat Technologies during the third quarter worth about $42,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Ormat Technologies News Roundup

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

• Positive Sentiment: Ormat’s Q3 revenue rose 10.2% year over year to $275.1 million, beating estimates, while adjusted EPS of $0.56 topped the $0.33 consensus. Energy-storage revenue surged 145.2%, helping lift net income and adjusted EBITDA. Ormat Technologies Reports Third Quarter 2026 Financial Results
• Positive Sentiment: The company raised the midpoint of its 2026 revenue and adjusted EBITDA guidance and expanded the potential of its enhanced geothermal systems pipeline to 5–6 GW, signaling improved expectations and longer-term growth opportunity. Ormat raises 2026 earnings guidance
• Neutral Sentiment: Bernstein reaffirmed its “market perform” rating and $112 target. The target implies upside from the cited share price, but the unchanged rating is not a new bullish endorsement. Bernstein stock recommendations
• Neutral Sentiment: Ormat declared a $0.12 quarterly dividend, or $0.48 annualized (about a 0.5% yield), a modest shareholder return. Ormat Technologies company information
• Negative Sentiment: Barclays cut its price target to $113 from $122, tempering sentiment, though it maintained an “overweight” rating and the revised target still indicates potential upside. Barclays stock recommendations

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.

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