Ormat Technologies (NYSE:ORA) Stock Keeps “Market Perform” Rating at Sanford C. Bernstein

Sanford C. Bernstein reissued their market perform rating on shares of Ormat Technologies (NYSE:ORA) in a research report sent to investors on Friday morning,Benzinga reports. They currently have a $112.00 target price on the energy company’s stock.

Other analysts also recently issued research reports about the company. Royal Bank Of Canada reissued an “outperform” rating and issued a $130.00 price target on shares of Ormat Technologies in a research note on Wednesday, September 9th. Oppenheimer boosted their target price on Ormat Technologies from $141.00 to $145.00 and gave the company an “outperform” rating in a research note on Wednesday, September 9th. Barclays decreased their target price on shares of Ormat Technologies from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. JPMorgan Chase & Co. cut their price target on shares of Ormat Technologies from $131.00 to $98.00 and set a “neutral” rating on the stock in a research report on Monday, October 19th. Finally, TD Cowen raised Ormat Technologies to a “strong-buy” rating in a research report on Monday, October 5th. One research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.77.

Ormat Technologies Stock Down 1.1%

Shares of NYSE ORA traded down $1.02 during mid-day trading on Friday, reaching $91.96. 940,655 shares of the company’s stock were exchanged, compared to its average volume of 874,176. Ormat Technologies has a twelve month low of $85.77 and a twelve month high of $146.39. The company has a current ratio of 1.05, a quick ratio of 1.00 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 42.77, a PEG ratio of 3.42 and a beta of 0.89. The business has a fifty day simple moving average of $93.71 and a 200 day simple moving average of $110.93.

Ormat Technologies (NYSE:ORA) last issued its quarterly earnings data on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.23. The business had revenue of $275.12 million during the quarter, compared to analyst estimates of $248.36 million. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.66%. Ormat Technologies’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 EPS. As a group, equities analysts expect that Ormat Technologies will post 2.69 EPS for the current fiscal year.

Ormat Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Investors of record on Wednesday, November 18th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Wednesday, November 18th. Ormat Technologies’s dividend payout ratio is currently 23.65%.

Institutional Investors Weigh In On Ormat Technologies

Several hedge funds have recently added to or reduced their stakes in ORA. Main Street Group LTD acquired a new position in Ormat Technologies during the 1st quarter worth about $29,000. Quantbot Technologies LP acquired a new stake in shares of Ormat Technologies in the second quarter valued at about $33,000. Allworth Financial LP acquired a new stake in shares of Ormat Technologies in the second quarter valued at about $40,000. Root Financial Partners LLC bought a new stake in Ormat Technologies in the third quarter valued at approximately $42,000. Finally, Balance Wealth Partners LLC acquired a new stake in Ormat Technologies during the 3rd quarter valued at approximately $44,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Ormat Technologies

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

• Positive Sentiment: Ormat beat third-quarter estimates, reporting adjusted EPS of $0.56 versus estimates of roughly $0.33–$0.36 and revenue of $275.1 million versus $248.4 million expected. Revenue grew 10.2% year over year. Ormat Q3 earnings and revenues beat estimates
• Positive Sentiment: The company raised its 2026 earnings guidance and increased its full-year revenue and EBITDA outlook, citing strong energy-storage sales. Improved guidance signals management expects continued growth. Ormat raises 2026 earnings guidance
• Positive Sentiment: Ormat declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually. The modest 0.5% yield provides a small income component. Ormat dividend announcement
• Neutral Sentiment: Bernstein reaffirmed its Market Perform rating with a $112 price target, indicating a cautious, broadly unchanged view despite implied upside from the reported $91.96 share price.
• Negative Sentiment: Oppenheimer lowered its target from $145 to $130, and Barclays cut its target from $122 to $113. Both firms retained bullish ratings—Outperform and Overweight, respectively—but the reductions may temper investor expectations.

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.