Ormat Technologies (NYSE:ORA) Stock Gets Price Target Cut from Barclays

Key Points

• Barclays cut its Ormat Technologies price target from $122 to $113 but kept an “overweight” rating; the new target implies 23.32% upside from the previous close.
• Analyst views remain mixed: MarketBeat reports a “Moderate Buy” consensus and $126.92 average price target, alongside recent downgrades and lower targets from other firms.
• Ormat beat quarterly expectations, reporting EPS of $0.56 versus $0.33 expected and revenue of $275.1 million versus $248.4 million expected; revenue grew 10.2% year over year.

Ormat Technologies (NYSE:ORA - Get Free Report) had its price target decreased by equities research analysts at Barclays from $122.00 to $113.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the energy company's stock. Barclays's price objective would indicate a potential upside of 23.32% from the company's previous close.

A number of other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. lowered their target price on shares of Ormat Technologies from $131.00 to $98.00 and set a "neutral" rating for the company in a report on Monday, October 19th. Zacks Research downgraded shares of Ormat Technologies from a "hold" rating to a "strong sell" rating in a research note on Friday, October 9th. Sanford C. Bernstein reaffirmed a "market perform" rating and set a $112.00 price target on shares of Ormat Technologies in a research note 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. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Ormat Technologies in a research note on Thursday, October 15th. One 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $126.92.

Ormat Technologies Trading Down 1.4%

NYSE ORA traded down $1.34 during trading hours on Friday, hitting $91.64. 215,820 shares of the company's stock were exchanged, compared to its average volume of 869,886. The business's 50 day moving average is $93.97 and its 200-day moving average is $111.06. Ormat Technologies has a 12-month low of $85.77 and a 12-month high of $146.39. The firm has a market capitalization of $5.64 billion, a P/E ratio of 42.64, a price-to-earnings-growth ratio of 3.50 and a beta of 0.89. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.00 and a current ratio of 1.05.

Ormat Technologies (NYSE:ORA - Get Free Report) last posted its quarterly 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 return on equity of 6.94% 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 in the previous year, the business earned $0.41 EPS. The firm's revenue was up 10.2% on a year-over-year basis. As a group, analysts anticipate that Ormat Technologies will post 2.69 EPS for the current fiscal year.

Institutional Trading of Ormat Technologies

Institutional investors have recently modified their holdings of the company. Main Street Group LTD purchased a new stake in Ormat Technologies during the 1st quarter worth $29,000. Quantbot Technologies LP acquired a new position in Ormat Technologies in the 2nd quarter worth $33,000. Allworth Financial LP acquired a new position in Ormat Technologies in the 2nd quarter worth $40,000. Root Financial Partners LLC acquired a new position in Ormat Technologies in the 3rd quarter worth $42,000. Finally, Balance Wealth Partners LLC purchased a new position in Ormat Technologies in the 3rd quarter valued at about $44,000. Hedge funds and other institutional investors own 95.49% of the company's stock.

Trending Headlines about Ormat Technologies

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

• Positive Sentiment: Ormat reported Q3 adjusted EPS of $0.56, ahead of analysts’ roughly $0.33 estimate, and revenue of $275.1 million versus expectations of $248.4 million. Revenue rose 10.2% year over year, while net income attributable to shareholders increased 32.2%. Ormat Q3 financial results
• Positive Sentiment: Energy storage was a standout, with segment revenue up 145.2% year over year, supported by favorable merchant-market pricing, high availability and newly added capacity. Ormat raised the midpoint of its 2026 revenue and adjusted EBITDA outlook, reinforcing expectations for continued growth. Ormat Q3 financial results
• Positive Sentiment: The company said its enhanced geothermal systems (EGS) pipeline could reach 5–6 GW and highlighted progress on two pilot programs and its first commercial EGS project, offering a longer-term growth opportunity. Ormat Q3 financial results
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its “market perform” rating and set a $112 price target, about 20% above the cited $93.31 share price. The target implies upside, but the unchanged rating signals a measured analyst view. Bernstein rating information

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.

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