Ormat Technologies, Inc. (NYSE:ORA) Stock Has Consensus Price Target of $127.62

06 Nov 2026, 06:59 by Mitch Edgeman · The Markets Daily

Ormat Technologies, Inc. (NYSE:ORA – Get Free Report) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $127.62.

A number of research analysts have commented on the company. Jefferies Financial Group reaffirmed a “hold” rating and set a $117.00 price target on shares of Ormat Technologies in a research report on Wednesday, September 9th. Oppenheimer increased their price objective on Ormat Technologies from $141.00 to $145.00 and gave the stock an “outperform” rating in a report on Wednesday, September 9th. Sanford C. Bernstein upgraded Ormat Technologies from an “underperform” rating to a “market perform” rating and set a $112.00 price objective on the stock in a research report on Friday, September 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ormat Technologies in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. reduced their target price on Ormat Technologies from $131.00 to $98.00 and set a “neutral” rating on the stock in a research note on Monday, October 19th.

Check Out Our Latest Research Report on ORA

Institutional Trading of Ormat Technologies

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Ormat Technologies during the second quarter valued at $896,374,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of Ormat Technologies during the 2nd quarter valued at $259,568,000. Canada Pension Plan Investment Board purchased a new stake in shares of Ormat Technologies in the 2nd quarter worth about $173,638,000. Harel Insurance Investments & Financial Services Ltd. grew its position 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 worth $128,469,000 after buying an additional 282,583 shares during the period. Finally, Legal & General Group Plc purchased a new stake in shares of Ormat Technologies in the 2nd quarter worth about $77,650,000. Institutional investors own 95.49% of the company’s stock.

Ormat Technologies News Roundup

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

Positive Sentiment: Q3 adjusted EPS of $0.56 topped analyst estimates of about $0.33, while revenue of $275.1 million exceeded expectations and rose 10.2% year over year. Net income attributable to shareholders increased 32.2%. Ormat Q3 2026 financial results
Positive Sentiment: Energy storage was a standout, with segment revenue up 145.2% year over year, helping drive adjusted EBITDA growth of 11.1%. Ormat raised the midpoint of its full-year 2026 revenue and adjusted EBITDA guidance, a potential support for earnings expectations. Q3 results and updated outlook
Positive Sentiment: The company reported progress on two enhanced geothermal system (EGS) pilot programs and its first commercial EGS project, with potential EGS pipeline capacity expanded to 5–6 GW. A separate report highlights a Utah drilling project as part of geothermal’s next growth push. Utah geothermal project
Neutral Sentiment: Ormat declared a quarterly dividend of $0.12 per share, payable December 2 to holders of record November 18. The modest dividend provides income but is unlikely to be a major near-term share-price catalyst.
Negative Sentiment: Despite the upbeat results, ORA’s valuation and technical trend may limit enthusiasm: the supplied data show a P/E ratio near 46 and the shares below their 200-day moving average. The news feed does not identify a specific negative company announcement explaining the recent weakness.

Ormat Technologies Price Performance

ORA stock opened at $93.18 on Tuesday. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 43.34, a PEG ratio of 3.50 and a beta of 0.89. The firm’s 50-day moving average price is $93.97 and its two-hundred day moving average price is $111.06. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. 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 posted its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.23. The company had revenue of $275.12 million during the quarter, compared to analyst estimates of $248.36 million. Ormat Technologies had a net margin of 11.07% and a return on equity of 6.94%. Ormat Technologies’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.41 earnings per share. As a group, equities analysts predict that Ormat Technologies will post 2.69 earnings per share for the current year.

Ormat Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be paid a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. Ormat Technologies’s dividend payout ratio (DPR) is presently 23.65%.

About Ormat Technologies

(Get Free Report)

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.