Ormat Technologies (NYSE:ORA) Releases Quarterly Earnings Results, Beats Expectations By $0.24 EPS

Ormat Technologies (NYSE:ORA) posted its earnings results on Wednesday. The energy company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.24, FiscalAI reports. Ormat Technologies had a return on equity of 6.65% and a net margin of 10.66%.The firm had revenue of $258.76 million during the quarter, compared to the consensus estimate of $240.03 million. During the same period in the prior year, the company earned $0.48 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year.

Ormat Technologies Stock Performance

Shares of ORA stock traded up $1.14 during trading hours on Friday, hitting $108.52. The company’s stock had a trading volume of 356,535 shares, compared to its average volume of 869,707. The stock has a market cap of $6.67 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 4.18 and a beta of 0.90. Ormat Technologies has a 12-month low of $86.08 and a 12-month high of $146.39. The company has a 50 day moving average of $117.03 and a 200 day moving average of $117.56. The company has a current ratio of 1.07, a quick ratio of 1.02 and a debt-to-equity ratio of 0.87.

Ormat Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Wednesday, August 19th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Wednesday, August 19th. Ormat Technologies’s dividend payout ratio is 23.30%.

Insider Activity

In related news, Director David Granot sold 1,766 shares of Ormat Technologies stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $134.43, for a total transaction of $237,403.38. Following the completion of the transaction, the director directly owned 1,766 shares in the company, valued at approximately $237,403.38. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Byron G. Wong sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $134.32, for a total value of $604,440.00. Following the completion of the transaction, the director directly owned 5,925 shares of the company’s stock, valued at $795,846. The trade was a 43.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 30,585 shares of company stock valued at $4,090,998 over the last quarter. Insiders own 0.50% of the company’s stock.

Hedge Funds Weigh In On Ormat Technologies

Several institutional investors have recently made changes to their positions in the company. Aster Capital Management DIFC Ltd purchased a new stake in Ormat Technologies during the fourth quarter worth $26,000. Los Angeles Capital Management LLC acquired a new position in shares of Ormat Technologies in the fourth quarter worth about $32,000. Smartleaf Asset Management LLC raised its position in shares of Ormat Technologies by 245.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company’s stock worth $33,000 after acquiring an additional 211 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Ormat Technologies by 251.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 523 shares of the energy company’s stock worth $44,000 after acquiring an additional 374 shares in the last quarter. Finally, HM Payson & Co. boosted its stake in shares of Ormat Technologies by 100.0% during the 4th quarter. HM Payson & Co. now owns 400 shares of the energy company’s stock worth $44,000 after acquiring an additional 200 shares in the last quarter. 95.49% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on ORA shares. Piper Sandler boosted their price target on shares of Ormat Technologies from $125.00 to $142.00 and gave the stock an “overweight” rating in a research report on Monday, May 18th. Roth Capital reiterated a “buy” rating and set a $135.00 price objective on shares of Ormat Technologies in a research report on Monday, May 11th. Wolfe Research initiated coverage on shares of Ormat Technologies in a research note on Monday, June 8th. They issued a “peer perform” rating for the company. Weiss Ratings restated a “hold (c)” rating on shares of Ormat Technologies in a report on Friday, July 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Ormat Technologies from $106.00 to $123.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Eight investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $131.50.

More Ormat Technologies News

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

• Positive Sentiment: Strong Q2 results: Ormat reported adjusted earnings of $0.50 per share, well above the $0.26 consensus estimate, while revenue increased 10.6% year over year to $258.8 million, exceeding expectations. Gross profit rose 20.8% and adjusted EBITDA increased 6.9%. Ormat Technologies Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Guidance raised: Management increased its 2026 revenue outlook to approximately $1.2 billion, above the roughly $1.1 billion analyst consensus, signaling confidence in operating performance and demand. The company also lifted its adjusted EBITDA outlook. Ormat Technologies Lifts Outlook After Strong Quarter
• Positive Sentiment: Energy storage growth: Storage revenue nearly tripled year over year, with Zacks highlighting a 195.1% increase, driven by favorable merchant pricing and newly added capacity. This strengthens a potentially important growth avenue beyond Ormat’s geothermal operations. Ormat Technologies Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Analyst remains bullish: Oppenheimer lowered its price target modestly from $144 to $141 but maintained an “outperform” rating, implying substantial potential appreciation from recent levels. Benzinga analyst update
• Neutral Sentiment: Dividend declared: Ormat announced a quarterly dividend of $0.12 per share, payable September 2 to shareholders of record August 19. The approximately 0.4% yield is unlikely to be a major near-term stock catalyst.
• Negative Sentiment: Valuation and technical caution: Despite the favorable earnings news, ORA trades at a high earnings multiple and remains below its key moving averages, leaving the shares vulnerable to profit-taking or a reassessment of growth expectations.

Ormat Technologies Company Profile

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.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.