Zacks Research Upgrades Ormat Technologies (NYSE:ORA) to “Hold”

Posted by Francis Steltz on Nov 11th, 2026

Ormat Technologies (NYSE:ORA – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

Several other brokerages also recently commented on ORA. Jefferies Financial Group reaffirmed a “hold” rating and issued a $117.00 price target on shares of Ormat Technologies in a research report on Wednesday, September 9th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $112.00 target price on shares of Ormat Technologies in a research report on Friday, November 6th. JPMorgan Chase & Co. upped their target price on shares of Ormat Technologies from $98.00 to $99.00 and gave the company a “neutral” rating in a research note on Friday, November 6th. Oppenheimer reduced their price target on shares of Ormat Technologies from $145.00 to $130.00 and set an “outperform” rating for the company in a report on Friday, November 6th. Finally, Barclays decreased their price target on shares of Ormat Technologies from $122.00 to $113.00 and set an “overweight” rating on the stock in a research report on Friday, November 6th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Ormat Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $124.15.

View Our Latest Analysis on ORA

Ormat Technologies Price Performance

Shares of NYSE:ORA opened at $92.36 on Monday. Ormat Technologies has a fifty-two week low of $85.77 and a fifty-two week high of $146.39. The business has a 50-day moving average of $93.34 and a two-hundred day moving average of $110.64. The stock has a market capitalization of $5.68 billion, a P/E ratio of 42.96, a P/E/G ratio of 3.41 and a beta of 0.89. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.92 and a quick ratio of 0.88.

Ormat Technologies (NYSE:ORA – Get Free Report) last released its earnings results on Wednesday, November 4th. The energy company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.23. The firm had revenue of $275.12 million during the quarter, compared to analyst estimates of $248.36 million. Ormat Technologies had a net margin of 11.07% and a return on equity of 6.90%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. On average, equities research analysts predict that Ormat Technologies will post 2.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Ormat Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Main Street Group LTD bought a new stake in shares of Ormat Technologies during the first quarter worth $29,000. Quantbot Technologies LP acquired a new position in Ormat Technologies in the second quarter valued at approximately $33,000. Allworth Financial LP bought a new position in Ormat Technologies in the second quarter valued at approximately $40,000. Public Employees Retirement System of Ohio bought a new position in Ormat Technologies in the second quarter valued at approximately $46,000. Finally, Root Financial Partners LLC acquired a new stake in Ormat Technologies during the 3rd quarter worth $42,000. 95.49% of the stock is currently owned by institutional investors and hedge funds.

About Ormat Technologies

(Get Free Report)

Ormat Technologies is a renewable energy company that develops, owns and operates geothermal power plants and recovered energy generation facilities. It also provides equipment and services for geothermal projects, including its Ormat Energy Converter technology, which converts heat from geothermal resources and industrial processes into electricity. The company’s activities include project development and engineering, construction, plant operation and maintenance, and energy storage. Its geothermal and energy storage operations serve markets in the United States and internationally, including countries in Central America, the Caribbean, Africa and Asia.