JPMorgan Chase & Co. Cuts Ormat Technologies (NYSE:ORA) Price Target to $106.00

19 Apr 2026, 02:20 by Jessica Moore · The Cerbat Gem

Ormat Technologies (NYSE:ORA – Free Report) had its target price reduced by JPMorgan Chase & Co. from $108.00 to $106.00 in a research report released on Thursday morning,Benzinga reports. They currently have a neutral rating on the energy company’s stock.

Other equities analysts also recently issued reports about the stock. Roth Mkm set a $139.00 price objective on shares of Ormat Technologies in a report on Wednesday, January 28th. TD Cowen lowered their target price on Ormat Technologies from $131.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Royal Bank Of Canada initiated coverage on Ormat Technologies in a research note on Tuesday, March 3rd. They set an “outperform” rating and a $130.00 target price on the stock. UBS Group lowered their target price on Ormat Technologies from $148.00 to $143.00 and set a “buy” rating on the stock in a research note on Tuesday, March 3rd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Ormat Technologies in a research note on Thursday, January 22nd. Eight research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Ormat Technologies presently has an average rating of “Moderate Buy” and an average target price of $128.64.

View Our Latest Research Report on Ormat Technologies

Ormat Technologies Price Performance

ORA opened at $113.27 on Thursday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.81 and a quick ratio of 0.75. The company has a market capitalization of $6.89 billion, a price-to-earnings ratio of 56.35, a P/E/G ratio of 4.85 and a beta of 0.80. The firm’s fifty day moving average price is $112.82 and its two-hundred day moving average price is $112.76. Ormat Technologies has a 1 year low of $70.02 and a 1 year high of $132.58.

Ormat Technologies (NYSE:ORA – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The energy company reported $0.67 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.67. The firm had revenue of $276.04 million for the quarter, compared to the consensus estimate of $257.75 million. Ormat Technologies had a net margin of 12.52% and a return on equity of 5.21%. The business’s revenue for the quarter was up 19.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.67 EPS. As a group, analysts anticipate that Ormat Technologies will post 1.94 earnings per share for the current fiscal year.

Ormat Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Tuesday, March 10th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, March 10th. Ormat Technologies’s payout ratio is currently 23.88%.

Insider Transactions at Ormat Technologies

In related news, insider Jessica Woelfel sold 2,359 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The stock was sold at an average price of $105.16, for a total value of $248,072.44. Following the sale, the insider directly owned 3,433 shares in the company, valued at approximately $361,014.28. The trade was a 40.73% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 3,364 shares of company stock valued at $353,621. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On Ormat Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Ormat Technologies in the 4th quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Ormat Technologies in the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC raised its stake in Ormat Technologies by 245.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company’s stock valued at $33,000 after acquiring an additional 211 shares during the period. Wolff Wiese Magana LLC bought a new stake in Ormat Technologies in the 4th quarter valued at about $33,000. Finally, Los Angeles Capital Management LLC bought a new stake in Ormat Technologies in the 4th quarter valued at about $32,000. 95.49% of the stock is currently owned by institutional investors.

Ormat Technologies Company Profile

(Get Free Report)

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.