Ormat Technologies (NYSE:ORA) Downgraded by Wall Street Zen to "Sell"

Key Points

• Wall Street Zen downgraded Ormat Technologies to “Sell” from “Hold,” though the broader analyst consensus remains “Moderate Buy” with a $131.50 price target.
• Ormat’s latest quarter exceeded expectations: earnings were $0.50 per share versus $0.26 expected, while revenue rose 10.6% year over year to $258.76 million.
• The stock opened at $108.17, and insiders sold 30,585 shares worth approximately $4.09 million over the past three months, adding a cautionary signal despite strong institutional ownership.

Ormat Technologies (NYSE:ORA - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

A number of other brokerages have also recently commented on ORA. Sanford C. Bernstein initiated coverage on Ormat Technologies in a report on Tuesday, June 16th. They issued an "underperform" rating and a $115.00 target price for the company. Weiss Ratings restated a "hold (c)" rating on shares of Ormat Technologies in a report on Friday, July 17th. JPMorgan Chase & Co. raised their price target on Ormat Technologies from $106.00 to $123.00 and gave the stock a "neutral" rating in a research report on Friday, May 8th. Oppenheimer dropped their price objective on shares of Ormat Technologies from $144.00 to $141.00 and set an "outperform" rating for the company in a research note on Friday. Finally, Barclays boosted their price objective on shares of Ormat Technologies from $126.00 to $127.00 and gave the company an "overweight" rating in a research report on Thursday, July 16th. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.50.

Ormat Technologies Stock Up 0.7%

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

Ormat Technologies (NYSE:ORA - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.26 by $0.24. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.66%.The company had revenue of $258.76 million during the quarter, compared to analyst estimates of $240.03 million. During the same quarter last year, the business posted $0.48 earnings per share. The firm's revenue was up 10.6% on a year-over-year basis. On average, equities research analysts anticipate that Ormat Technologies will post 2.35 EPS for the current fiscal year.

Insider Activity

In related 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 transaction, the director owned 5,800 shares in the company, valued at $802,836. The trade was a 4.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David Granot sold 1,766 shares of the company's stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $134.43, for a total value of $237,403.38. Following the completion of the transaction, the director directly owned 1,766 shares in the company, valued at $237,403.38. This trade represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 30,585 shares of company stock worth $4,090,998 in the last three months. Corporate insiders own 0.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Aster Capital Management DIFC Ltd purchased a new stake in Ormat Technologies in the 4th quarter valued at about $26,000. Main Street Group LTD purchased a new position in shares of Ormat Technologies during the first quarter worth approximately $29,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Ormat Technologies during the fourth quarter worth approximately $31,000. Los Angeles Capital Management LLC bought a new stake in shares of Ormat Technologies during the fourth quarter valued at approximately $32,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Ormat Technologies by 245.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company's stock valued at $33,000 after purchasing an additional 211 shares during the period. 95.49% of the stock is currently owned by institutional investors.

Ormat Technologies News Roundup

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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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