Ormat Technologies (NYSE:ORA) Rating Lowered to “Sell” at Wall Street Zen

Ormat Technologies (NYSE:ORA) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

A number of other equities research analysts also recently weighed in on the stock. UBS Group boosted their price target on shares of Ormat Technologies from $143.00 to $152.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Piper Sandler raised their price objective on shares of Ormat Technologies from $125.00 to $142.00 and gave the company an “overweight” rating in a research note on Monday, May 18th. Barclays upped their target price on shares of Ormat Technologies from $126.00 to $127.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Wolfe Research started coverage on Ormat Technologies in a research note on Monday, June 8th. They issued a “peer perform” rating on the stock. Finally, Roth Capital restated a “buy” rating and issued a $135.00 price target on shares of Ormat Technologies in a research report on Monday, May 11th. Eight research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Ormat Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Ormat Technologies Price Performance

Shares of ORA stock opened at $108.17 on Friday. The stock has a 50-day moving average price of $116.45 and a 200 day moving average price of $117.50. 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 firm has a market cap of $6.65 billion, a price-to-earnings ratio of 53.29, a PEG ratio of 4.57 and a beta of 0.90. Ormat Technologies has a 12 month low of $86.08 and a 12 month high of $146.39.

Ormat Technologies (NYSE:ORA) last released its earnings results on Wednesday, August 5th. The energy company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.24. The company had revenue of $258.76 million for the quarter, compared to the consensus estimate of $240.03 million. Ormat Technologies had a net margin of 10.66% and a return on equity of 6.61%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.48 EPS. Research analysts expect that Ormat Technologies will post 2.36 EPS for the current year.

Insiders Place Their Bets

In other Ormat Technologies news, Director Michal Marom sold 3,080 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $130.97, for a total value of $403,387.60. Following the sale, the director owned 1,766 shares in the company, valued at approximately $231,293.02. The trade was a 63.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Byron G. Wong sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $134.32, for a total value of $604,440.00. Following the transaction, the director directly owned 5,925 shares of the company’s stock, valued at approximately $795,846. This trade represents a 43.17% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 29,702 shares of company stock worth $3,982,883 in the last 90 days. Company insiders own 0.50% of the company’s stock.

Institutional Trading of Ormat Technologies

A number of institutional investors have recently made changes to their positions in ORA. BlackRock Inc. acquired a new stake in shares of Ormat Technologies in the second quarter valued at about $896,374,000. Norges Bank acquired a new position in Ormat Technologies during the fourth quarter valued at approximately $86,545,000. Migdal Insurance & Financial Holdings Ltd. grew its stake in Ormat Technologies by 155.8% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 886,526 shares of the energy company’s stock valued at $97,935,000 after purchasing an additional 540,000 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Ormat Technologies by 62.6% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,073,639 shares of the energy company’s stock worth $89,928,000 after purchasing an additional 413,384 shares in the last quarter. Finally, Deutsche Bank AG bought a new stake in shares of Ormat Technologies during the 2nd quarter worth approximately $42,015,000. Institutional investors own 95.49% of the company’s stock.

Key Stories Impacting Ormat Technologies

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

• Positive Sentiment: Quarterly results exceeded expectations. Ormat reported second-quarter earnings of $0.50 per share, compared with the $0.26 analyst consensus, while revenue rose 10.6% year over year to $258.76 million, above estimates of $240.03 million. Earnings also increased from $0.48 per share in the year-ago quarter. Ormat Technologies quarterly earnings report
• Positive Sentiment: Management raised its 2026 outlook. The improved forecast, following the better-than-expected quarter, provides investors with greater confidence in Ormat’s near-term growth prospects. Energy storage sales surged 195.1%, highlighting strong momentum in a strategically important business area. Ormat Technologies Q2 earnings and revenue article
• Positive Sentiment: Oppenheimer remains bullish. The firm maintained its “outperform” rating and reduced its price target from $144 to $141. Despite the cut, the revised target still implied approximately 30.3% upside from the referenced share price, supporting the positive investment case.
• Neutral Sentiment: Ormat declared a quarterly dividend of $0.12 per share. Investors of record on August 19 will receive payment on September 2. The dividend offers limited income support, with an annualized yield of approximately 0.4%.
• Negative Sentiment: The price-target reduction introduces a modest cautionary signal. Although Oppenheimer remains positive, the lower target suggests some restraint in valuation expectations after the recent earnings update. Ormat also trades at a relatively elevated earnings multiple, increasing sensitivity to any slowdown in growth.

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.