Ormat Technologies (NYSE:ORA) Stock Gets Price Target Trim from Barclays

Ormat Technologies (NYSE:ORA) had its price objective dropped by investment analysts at Barclays from $122.00 to $113.00 in a report issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the energy company’s stock. Barclays‘s target price would indicate a potential upside of 23.32% from the company’s previous close.

A number of other analysts also recently weighed in on ORA. 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. Oppenheimer lifted their price target on shares of Ormat Technologies from $141.00 to $145.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $130.00 price target on shares of Ormat Technologies in a report on Wednesday, September 9th. Sanford C. Bernstein reiterated a “market perform” rating and set a $112.00 price objective on shares of Ormat Technologies in a research note on Friday. Finally, Jefferies Financial Group reiterated a “hold” rating and set a $117.00 price objective on shares of Ormat Technologies in a research note on Wednesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $126.92.

Ormat Technologies Stock Down 1.4%

NYSE ORA traded down $1.34 during mid-day trading on Friday, reaching $91.64. 215,820 shares of the company’s stock traded hands, compared to its average volume of 869,886. 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 1-year low of $85.77 and a 1-year high of $146.39. The company has a fifty day simple moving average of $93.97 and a 200-day simple moving average of $111.06. The company has a market cap of $5.64 billion, a price-to-earnings ratio of 42.64, a P/E/G ratio of 3.50 and a beta of 0.89.

Ormat Technologies (NYSE:ORA) last announced its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Ormat Technologies had a return on equity of 6.94% and a net margin of 11.07%. The company had revenue of $275.12 million for the quarter, compared to analyst estimates of $248.36 million. During the same period in the prior year, the company posted $0.41 EPS. Ormat Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. As a group, equities research analysts expect that Ormat Technologies will post 2.69 EPS for the current year.

Institutional Trading of Ormat Technologies

Several institutional investors and hedge funds have recently bought and sold shares of the company. Glenmede Trust Co. NA grew its position in shares of Ormat Technologies by 3.4% in the 1st quarter. Glenmede Trust Co. NA now owns 2,452 shares of the energy company’s stock worth $274,000 after acquiring an additional 81 shares in the last quarter. Sterling Capital Management LLC increased its holdings in shares of Ormat Technologies by 9.8% in the 3rd quarter. Sterling Capital Management LLC now owns 1,297 shares of the energy company’s stock valued at $119,000 after acquiring an additional 116 shares during the last quarter. Corient Private Wealth LP increased its holdings in shares of Ormat Technologies by 5.7% in the 2nd quarter. Corient Private Wealth LP now owns 3,063 shares of the energy company’s stock valued at $334,000 after acquiring an additional 164 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Ormat Technologies by 31.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 694 shares of the energy company’s stock valued at $78,000 after acquiring an additional 168 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in shares of Ormat Technologies by 3.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 5,489 shares of the energy company’s stock valued at $502,000 after acquiring an additional 197 shares in the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

Key Ormat Technologies News

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

• Positive Sentiment: Ormat reported Q3 adjusted EPS of $0.56, ahead of analysts’ roughly $0.33 estimate, and revenue of $275.1 million versus expectations of $248.4 million. Revenue rose 10.2% year over year, while net income attributable to shareholders increased 32.2%. Ormat Q3 financial results
• Positive Sentiment: Energy storage was a standout, with segment revenue up 145.2% year over year, supported by favorable merchant-market pricing, high availability and newly added capacity. Ormat raised the midpoint of its 2026 revenue and adjusted EBITDA outlook, reinforcing expectations for continued growth. Ormat Q3 financial results
• Positive Sentiment: The company said its enhanced geothermal systems (EGS) pipeline could reach 5–6 GW and highlighted progress on two pilot programs and its first commercial EGS project, offering a longer-term growth opportunity. Ormat Q3 financial results
• Neutral Sentiment: Sanford C. Bernstein reaffirmed its “market perform” rating and set a $112 price target, about 20% above the cited $93.31 share price. The target implies upside, but the unchanged rating signals a measured analyst view. Bernstein rating information

Ormat Technologies Company Profile

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.