Ormat Technologies (NYSE:ORA) Price Target Cut to $113.00 by Analysts at Barclays

Posted by George Bondi on Nov 7th, 2026

Ormat Technologies (NYSE:ORA – Free Report) had its target price cut by Barclays from $122.00 to $113.00 in a report published on Friday,Benzinga reports. They currently have an overweight rating on the energy company’s stock.

A number of other research firms have also issued reports on ORA. Weiss Ratings restated a “hold (c)” rating on shares of Ormat Technologies in a research report on Thursday, October 15th. Wall Street Zen upgraded Ormat Technologies from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 11th. Jefferies Financial Group reiterated a “hold” rating and set a $117.00 price objective on shares of Ormat Technologies in a research report on Wednesday, September 9th. Zacks Research lowered Ormat Technologies from a “hold” rating to a “strong sell” rating in a research note on Friday, October 9th. Finally, Oppenheimer upped their target price on Ormat Technologies from $141.00 to $145.00 and gave the company an “outperform” rating in a report on Wednesday, September 9th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $125.77.

View Our Latest Research Report on Ormat Technologies

Ormat Technologies Price Performance

NYSE ORA traded down $1.02 during trading hours on Friday, hitting $91.96. 940,655 shares of the company’s stock traded hands, compared to its average volume of 874,176. Ormat Technologies has a 52-week low of $85.77 and a 52-week high of $146.39. The company has a market capitalization of $5.66 billion, a PE ratio of 42.77, a PEG ratio of 3.42 and a beta of 0.89. 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 firm’s 50-day moving average is $93.71 and its 200-day moving average is $110.93.

Ormat Technologies (NYSE:ORA – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The energy company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.23. Ormat Technologies had a net margin of 10.66% and a return on equity of 6.61%. The company had revenue of $275.12 million during the quarter, compared to the consensus estimate of $248.36 million. During the same quarter in the prior year, the firm earned $0.41 EPS. Ormat Technologies’s quarterly revenue was up 10.2% on a year-over-year basis. Equities analysts forecast that Ormat Technologies will post 2.69 EPS for the current fiscal year.

Ormat Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $0.48 dividend on an annualized basis and a yield of 0.5%. Ormat Technologies’s payout ratio is 23.65%.

Institutional Trading of Ormat Technologies

Hedge funds have recently made changes to their positions in the company. Glenmede Trust Co. NA increased its holdings in shares of Ormat Technologies by 3.4% during the 1st quarter. Glenmede Trust Co. NA now owns 2,452 shares of the energy company’s stock worth $274,000 after buying an additional 81 shares during the last quarter. Sterling Capital Management LLC lifted its holdings in Ormat Technologies by 9.8% in the third quarter. Sterling Capital Management LLC now owns 1,297 shares of the energy company’s stock valued at $119,000 after acquiring an additional 116 shares during the last quarter. Corient Private Wealth LP lifted its holdings in Ormat Technologies by 5.7% in the second quarter. Corient Private Wealth LP now owns 3,063 shares of the energy company’s stock valued at $334,000 after acquiring an additional 164 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ormat Technologies by 31.9% in the first quarter. EverSource Wealth Advisors LLC now owns 694 shares of the energy company’s stock valued at $78,000 after acquiring an additional 168 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Ormat Technologies by 3.7% in the third quarter. Nisa Investment Advisors LLC now owns 5,489 shares of the energy company’s stock worth $502,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 95.49% of the company’s stock.

Key Ormat Technologies News

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

Positive Sentiment: Ormat beat third-quarter estimates, reporting adjusted EPS of $0.56 versus estimates of roughly $0.33–$0.36 and revenue of $275.1 million versus $248.4 million expected. Revenue grew 10.2% year over year. Ormat Q3 earnings and revenues beat estimates
Positive Sentiment: The company raised its 2026 earnings guidance and increased its full-year revenue and EBITDA outlook, citing strong energy-storage sales. Improved guidance signals management expects continued growth. Ormat raises 2026 earnings guidance
Positive Sentiment: Ormat declared a quarterly dividend of $0.12 per share, equivalent to $0.48 annually. The modest 0.5% yield provides a small income component. Ormat dividend announcement
Neutral Sentiment: Bernstein reaffirmed its Market Perform rating with a $112 price target, indicating a cautious, broadly unchanged view despite implied upside from the reported $91.96 share price.
Negative Sentiment: Oppenheimer lowered its target from $145 to $130, and Barclays cut its target from $122 to $113. Both firms retained bullish ratings—Outperform and Overweight, respectively—but the reductions may temper investor expectations.

Ormat Technologies Company Profile

(Get Free Report)

Ormat Technologies, Inc (NYSE: ORA) develops, owns, and operates renewable and alternative energy projects. The company’s principal activities include geothermal power generation, energy storage, and recovered energy generation, which converts waste heat from industrial processes into electricity.

Ormat provides equipment and services for geothermal projects, including turbines, generators, power plants, and related engineering and development capabilities. Its geothermal technology is designed to generate electricity from naturally occurring underground heat, including resources that may be unsuitable for conventional steam-based systems.

Founded in 1965, Ormat serves customers and operates projects in multiple international markets, including the United States, Latin America, Africa, and Asia.