Ormat Technologies (NYSE:ORA) Shares Gap Up After Earnings Beat

Posted by George Bondi on Aug 6th, 2026

Ormat Technologies, Inc. (NYSE:ORA – Get Free Report)’s stock price gapped up prior to trading on Thursday after the company announced better than expected quarterly earnings. The stock had previously closed at $98.02, but opened at $107.79. Ormat Technologies shares last traded at $105.8730, with a volume of 210,455 shares traded.

The energy company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.26 by $0.24. The company had revenue of $258.76 million for the quarter, compared to analysts’ expectations of $240.03 million. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.97%.Ormat Technologies’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.48 earnings per share.

Ormat Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Wednesday, August 19th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 0.5%. The ex-dividend date is Wednesday, August 19th. Ormat Technologies’s dividend payout ratio is presently 23.30%.

Wall Street Analysts Forecast Growth

ORA has been the subject of a number of recent research reports. 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. Piper Sandler upped their price objective on Ormat Technologies from $125.00 to $142.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Ormat Technologies in a research report on Friday, July 17th. UBS Group boosted their price objective 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. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Ormat Technologies from $106.00 to $123.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Eight analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.75.

Read Our Latest Research Report on ORA

Insider Activity

In other news, Director David Granot sold 1,766 shares of the company’s stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $134.43, for a total value of $237,403.38. Following the transaction, the director owned 1,766 shares of the company’s stock, valued at $237,403.38. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Byron G. Wong sold 4,500 shares of the stock in a transaction 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 owned 5,925 shares of the company’s stock, valued at approximately $795,846. This represents a 43.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 30,585 shares of company stock worth $4,090,998. 0.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Aster Capital Management DIFC Ltd purchased a new stake in Ormat Technologies during the 4th quarter worth about $26,000. Main Street Group LTD acquired a new position in Ormat Technologies in the first quarter valued at $29,000. Caitong International Asset Management Co. Ltd acquired a new position in Ormat Technologies in the fourth quarter valued at $31,000. Smartleaf Asset Management LLC grew its holdings in shares of Ormat Technologies by 245.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company’s stock worth $33,000 after purchasing an additional 211 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Ormat Technologies in the 4th quarter valued at about $32,000. 95.49% of the stock is owned by institutional investors and hedge funds.

Ormat Technologies Trading Up 7.9%

The business has a 50-day moving average of $117.64 and a 200-day moving average of $117.64. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 51.36, a PEG ratio of 4.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.02 and a current ratio of 1.07.

Ormat Technologies Company Profile

(Get Free Report)

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.

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