Ormat Technologies (NYSE:ORA) Trading Up 3.8% – Here’s What Happened

Posted by Francis Steltz on Sep 3rd, 2026

Ormat Technologies, Inc. (NYSE:ORA – Get Free Report) shares shot up 3.8% during mid-day trading on Tuesday . The stock traded as high as $106.54 and last traded at $105.8880. 281,235 shares were traded during trading, a decline of 67% from the average daily volume of 847,423 shares. The stock had previously closed at $102.00.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORA. Barclays lowered their price objective on shares of Ormat Technologies from $127.00 to $122.00 and set an “overweight” rating for the company in a research report on Monday, August 10th. Sanford C. Bernstein restated an “underperform” rating and set a $112.00 price objective on shares of Ormat Technologies in a research note on Monday, August 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of Ormat Technologies in a research note on Friday, July 17th. Wall Street Zen lowered shares of Ormat Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Wolfe Research started coverage on shares of Ormat Technologies in a research report on Monday, June 8th. They issued a “peer perform” rating for the company. Eight research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $130.83.

View Our Latest Research Report on Ormat Technologies

Ormat Technologies Stock Performance

The stock has a market cap of $6.44 billion, a P/E ratio of 51.57, a PEG ratio of 4.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.05 and a quick ratio of 1.00. The company has a fifty day moving average of $107.01 and a 200 day moving average of $115.53.

Ormat Technologies (NYSE:ORA – Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The energy company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.24. Ormat Technologies had a return on equity of 6.61% and a net margin of 10.66%.The company had revenue of $258.76 million for the quarter, compared to analysts’ expectations of $240.03 million. During the same period last year, the firm earned $0.48 EPS. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities analysts predict that Ormat Technologies, Inc. will post 2.47 earnings per share for the current fiscal year.

Ormat Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Wednesday, August 19th were issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, August 19th. Ormat Technologies’s payout ratio is presently 23.65%.

Institutional Investors Weigh In On Ormat Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of Ormat Technologies during the second quarter valued at $896,374,000. California State Teachers Retirement System lifted its position in shares of Ormat Technologies by 10,926.5% in the 2nd quarter. California State Teachers Retirement System now owns 7,680,935 shares of the energy company’s stock valued at $836,454,000 after acquiring an additional 7,611,276 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in shares of Ormat Technologies in the 2nd quarter valued at approximately $259,568,000. Dimensional Fund Advisors LP boosted its stake in Ormat Technologies by 2.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,910,292 shares of the energy company’s stock worth $211,036,000 after purchasing an additional 43,749 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Ormat Technologies by 6.8% in the 4th quarter. Geode Capital Management LLC now owns 1,611,360 shares of the energy company’s stock worth $178,033,000 after purchasing an additional 102,864 shares during the period. Institutional investors and hedge funds own 95.49% of the company’s stock.

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.