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Ormat Technologies, Inc.

ORA · NYSE

Market closed$104.70$-0.140000 (-0.13%)After hours $106.53 · +1.75%

Key statistics

Previous close$104.84
Open$103.50
Day high$105.16
Day low$102.39
52-week high$146.39
52-week low$84.13
Market cap6.43B
Volume671.97K
Average volume931.15K
P/E ratio36.61
Forward P/E13.42
EPS2.86
Dividend yield+0.46%

Market context

Why it moved

ORA experienced a marginal decline despite Dorsey Wright & Associates initiating a new position in the stock, as mixed analyst sentiment — including an underperform rating from Bernstein — and broader market caution appear to have offset the positive momentum from the firm's recent strong earnings beat and institutional buying.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Ormat Technologies closed essentially flat as investors weigh a rich valuation against strong fundamental momentum, while the stock gains ground in after-hours trading. Barclays reaffirmed its Buy rating with a $127 price target today, and the broader utility sector held up relatively well despite a tech-led market selloff driven by AI concerns and escalating U.S.-Iran tensions. Ormat's Q1 2026 results — which showed 75.8% year-over-year revenue growth and adjusted EPS of $1.30 versus a $0.92 estimate — remain a key pillar of investor confidence, though analysts note the stock's premium valuation has compressed since its recent highs near $146.

-0.1335

July 17, 2026Ormat Technologies fell sharply, pulled lower as tech-driven market weakness and rising oil prices dampened sentiment across growth-oriented utilities and renewables. The S&P 500 slipped 0.4% and the Nasdaq dropped 0.8% as AI-linked stocks faced renewed selling pressure, weighing on rate-sensitive names like Ormat. Valuation concerns have also intensified — recent analysis flagged ORA's TTM P/E of ~66x as well above the renewable energy industry average of ~16.7x and its own historical multiples, with the stock having surged over 75% in the past year. Analysts maintain a Moderate Buy consensus with an average price target of ~$131.67, below recent highs, while Sanford Bernstein initiated coverage with an Underperform rating and a $115 target. Ormat is scheduled to report Q2 2026 results on August 5.

-4.4303

July 16, 2026Ormat Technologies rose strongly, outperforming the broader utilities sector (XLU), as investors responded to a confluence of bullish catalysts. A MarketBeat report highlighted that Harel Insurance boosted its ORA stake by 32.7% in Q1, while the company's most recent quarter delivered EPS of $1.30 vs. $0.92 estimated and revenue up 75.8% year-over-year — reinforcing its standing as the established geothermal leader benefiting from hyperscaler AI power demand. Analyst consensus remains Moderate Buy with a $131.67 average price target, well above current levels, even as Sanford Bernstein initiated with an Underperform at $115.

2.1796

July 15, 2026Ormat Technologies edged higher, outperforming the broader utilities sector (XLU) as geothermal power gains fresh attention from investors and analysts eyeing AI data center power demand. A MarketBeat piece highlighted Ormat alongside Fervo Energy and Baker Hughes as companies positioned to address AI's surging electricity needs, reinforcing the geothermal narrative. The broader market found footing after a softer-than-expected June CPI print (3.5% YoY) lifted sentiment, though geopolitical tensions tied to a collapsed US-Iran ceasefire and rising oil prices kept gains in check.

0.5149

July 14, 2026Ormat Technologies fell amid a broad market selloff triggered by renewed U.S.-Iran military tensions, which sent oil prices surging and rattled equity sentiment. The geothermal and energy storage company's shares have pulled back sharply from recent highs near $146, with the stock now trading well below analyst consensus price targets around $131–$138 — a reversal from a period when it was trading at a premium to those targets after a 75%+ one-year run. Competitive pressure is also in focus, as rival Fervo Energy (FRVO) now commands a higher equity valuation than Ormat despite being a pre-revenue developer, spotlighting valuation questions for the sector. In after-hours trading, Ormat edged back toward $108, while the broader utilities ETF (XLU) closed essentially flat, suggesting ORA's session decline was amplified by profit-taking and risk-off sentiment rather than sector-specific weakness.

-2.6965

July 11, 2026Ormat Technologies edged modestly lower, pulling back from recent highs as the stock trades well below its 50-day moving average of $127, reflecting a broader retreat from May's peak near $146. Despite the session's softness, the investment backdrop remains constructive: multiple analysts carry Buy ratings with targets well above current levels, HSBC recently boosted its stake by 459%, and the company's Q1 2026 results were record-setting, with revenue up 75.8% year-over-year and EPS of $1.30 handily beating the $0.92 consensus. Investors continue to weigh that earnings strength against notable insider selling and geopolitical-driven market caution stemming from renewed U.S.-Iran tensions in the Gulf.

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July 10, 2026Ormat Technologies edged lower, underperforming the broader utilities sector (XLU closed down) as renewed Middle East tensions and surging oil prices weighed on risk sentiment across equity markets. The world's only vertically integrated geothermal company remains in investor focus after reporting record Q1 2026 results — revenue up 75.8% year-over-year — and its recent addition to Russell growth indexes including the Russell 3000 Growth benchmark, which analysts suggest may have drawn incremental passive capital. Despite the near-term pullback, analyst consensus targets around $135 imply roughly 16% upside from current levels, supported by a growing pipeline of long-term power purchase agreements, expanding AI/data center demand for geothermal baseload power, and a strategic alliance with SLB to accelerate enhanced geothermal systems development.

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July 9, 2026Ormat Technologies closed modestly higher despite a broad market selloff triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' which sent oil prices surging over 5% and pressured most equities. As a geothermal energy producer with no direct oil cost exposure, Ormat demonstrated relative resilience compared to the broader utilities sector (XLU). Adding to investor focus, a recent analysis flagged ORA as approximately 16% undervalued with a fair value estimate near $135, while its newly added Russell growth index inclusions could drive incremental passive fund inflows.

0.9721

Kavout | AI · July 18, 2026Has Ormat Technologies' Recent Surge Outpaced Its FundamentalsMarketBeat · July 18, 2026Dorsey Wright & Associates Acquires New Holdings in Ormat Technologies, Inc. $ORAGuruFocus · July 17, 2026ORA Maintains Overweight by Barclays -- Price Target Raised to $127Simply Wall Street · July 17, 2026Why Ormat Technologies (ORA) Could Be 23% Undervalued Following Its Recent SlideMarketBeat · July 15, 2026Ormat Technologies, Inc. $ORA Shares Acquired by Harel Insurance Investments & Financial Services Ltd.Stock Titan · July 1, 2026Ormat Technologies schedules Aug. 6 call after Aug. 5 results releaseSeeking Alpha · June 23, 2026Ormat Technologies: A Better Business, But Not A Better Buy (NYSE:ORA)SLB · October 27, 2025SLB and Ormat Partner to Accelerate Integrated Geothermal Asset Development and Enhanced Geothermal Systems
Benzinga · July 16, 2026Barclays Maintains Overweight on Ormat Technologies, Raises Price Target to $127
Mt Newswire · June 17, 2026Bernstein Initiates Ormat Technologies at Underperform With $115 Price Target
Benzinga · June 17, 2026Bernstein Initiates Coverage On Ormat Technologies with Underperform Rating, Announces Price Target of $115
Benzinga · June 8, 2026Ormat Technologies Announces Ormega100 Surface Power Generation Unit
Benzinga · May 28, 2026Top 2 Utilities Stocks That May Keep You Up At Night This Quarter
Benzinga · May 18, 2026Piper Sandler Maintains Overweight on Ormat Technologies, Raises Price Target to $142
Mt Newswire · May 18, 2026Ormat Technologies Insider Sold Shares Worth $1,235,388, According to a Recent SEC Filing
Mt Newswire · May 18, 2026Ormat Technologies Insider Sold Shares Worth $2,395,233, According to a Recent SEC Filing

Peers

S&P 500SPX · $7,457.69-1.01%Clearway Energy, Inc.CWEN · $33.41-1.07%Enlight Renewable Energy LtdENLT · $90.81+1.99%ReNew Energy Global PlcRNW · $6.29+1.62%Engie Brasil Energia S.A.EGIE3.SA · 29.97-1.41%NRG Energy, Inc.NRG · $129.11-2.74%The AES CorporationAES · $14.77-0.20%Genie Energy Ltd.GNE · $13.99-2.37%Talen Energy CorporationTLN · $372.37+1.11%Fervo Energy CompanyFRVO · $24.65+6.66%Expand Energy CorporationEXE · $88.13-0.06%Brookfield Renewable Partners L.P.BEP · $31.76-0.13%