Ormat Technologies (NYSE:ORA) Stock Price Target Cut by Oppenheimer

Ormat Technologies (NYSE:ORA) had its price objective reduced by stock analysts at Oppenheimer from $145.00 to $130.00 in a note issued to investors on Friday, Benzinga reports. The firm presently has an “outperform” rating on the energy company’s stock. Oppenheimer‘s price target points to a potential upside of 41.47% from the stock’s current price.

Other research analysts have also issued reports about the stock. Wall Street Zen raised shares of Ormat Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 11th. Barclays reduced their price objective on shares of Ormat Technologies from $122.00 to $113.00 and set an “overweight” rating for the company in a research report on Friday. Zacks Research lowered shares of Ormat Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. decreased their price objective on shares of Ormat Technologies from $131.00 to $98.00 and set a “neutral” rating for the company in a research note on Monday, October 19th. Finally, TD Cowen upgraded Ormat Technologies to a “strong-buy” rating in a research note on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Ormat Technologies Stock Down 1.2%

NYSE ORA traded down $1.08 on Friday, reaching $91.89. The company had a trading volume of 259,839 shares, compared to its average volume of 870,140. The company has a quick ratio of 1.00, a current ratio of 1.05 and a debt-to-equity ratio of 0.87. The company’s fifty day moving average is $93.97 and its 200 day moving average is $111.06. Ormat Technologies has a 52-week low of $85.77 and a 52-week high of $146.39. The stock 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.

Ormat Technologies (NYSE:ORA) last posted its quarterly earnings data on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $248.36 million. During the same period in the previous year, the firm earned $0.41 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts anticipate that Ormat Technologies will post 2.69 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Ormat Technologies

Several institutional investors have recently added to or reduced their stakes in ORA. Van Berkom & Associates Inc. raised its position in Ormat Technologies by 47.2% in the third quarter. Van Berkom & Associates Inc. now owns 706,446 shares of the energy company’s stock worth $64,633,000 after acquiring an additional 226,654 shares during the period. M&G PLC boosted its stake in Ormat Technologies by 35.9% in the third quarter. M&G PLC now owns 21,507 shares of the energy company’s stock valued at $1,957,000 after acquiring an additional 5,687 shares during the last quarter. Fulcrum Asset Management LLP purchased a new position in Ormat Technologies in the third quarter valued at about $87,000. Ethic Inc. grew its position in shares of Ormat Technologies by 22.8% during the 3rd quarter. Ethic Inc. now owns 14,764 shares of the energy company’s stock valued at $1,351,000 after acquiring an additional 2,743 shares during the period. Finally, Pictet Asset Management Holding SA grew its position in shares of Ormat Technologies by 2.4% during the 3rd quarter. Pictet Asset Management Holding SA now owns 10,652 shares of the energy company’s stock valued at $975,000 after acquiring an additional 250 shares during the period. 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’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

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.