Ormat Technologies Inc. (ORA)
Summary
Ormat Technologies: Raised Guidance And A Stronger Storage Business Support A Buy
Ormat is a Buy with a $122 target, supported by raised 2026 guidance and a stable contracted electricity base. Q2 revenue rose 10.6% and adjusted EBITDA 6.9%, while full-year guidance increased to $1.15-$1.20B in revenue and $630-$650M in adjusted EBITDA. Storage revenue nearly tripled to $42.8M, though margins should normalize in H2.
Ormat Technologies Q2 Earnings Call Highlights
Ormat Technologies NYSE: ORA raised its full-year revenue and adjusted EBITDA outlook after reporting second-quarter growth across its electricity, energy storage and product businesses, led by higher energy storage revenue and improved geothermal operations.
Ormat Technologies (ORA) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for Ormat Technologies (ORA) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Ormat Technologies Inc. Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
 Curtis Ellergodt Rothschild Investment LLC | 132 | $10,261.3 | $12,938.64 | $2,677.34 | 26.09% |
| BZ Brandon Zatopek Commonwealth Equity Services LLC | 2,425 | $264,080 | $262,118.24 | -$1,961.76 | -0.74% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 200 | $22,094 | $21,638 | -$456 | -2.06% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 110 | $7,948.71 | $12,590.6 | $4,641.89 | 58.4% |
| NA Nizar Araji National Bank Of Canada /FI/ | 275 | $21,546.25 | $29,752.25 | $8,206 | 38.09% |
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Ormat Technologies Inc. Profile
| Independent Power and Renewable Electricity Producers Industry | Utilities Sector | Doron Blachar CEO | NYSE Exchange | 686688102 CUSIP |
| US Country | 1,648 Employees | 19 Aug 2026 Last Dividend | - Last Split | 11 Nov 2004 IPO Date |
Overview
Ormat Technologies, Inc. is a prominent player in the renewable energy sector, focusing on geothermal and recovered energy power generation across a global footprint that includes the United States, Indonesia, Kenya, Turkey, Chile, Guatemala, Guadeloupe, New Zealand, Honduras, and more. Founded in 1965, and headquartered in Reno, Nevada, the company illustrates a deep commitment to sustainable energy through its diversified operations that span electricity generation, equipment manufacturing, and energy storage solutions. Ormat Technologies operates under three primary segments: Electricity, Product, and Energy Storage, each catering to a distinct aspect of energy production and management. Through its comprehensive approach, Ormat not only contributes to the generation of renewable energy but also supports the advancement of technology in the field, promoting environmental sustainability and energy independence.
Products and Services
- Electricity Generation:
- Equipment Manufacturing:
- Energy Storage Solutions:
Ormat Technologies specializes in developing, building, owning, and operating renewable energy plants focusing on geothermal, solar photovoltaic, and recovered energy sources. This segment is pivotal in generating clean electricity, selling it to various grids around the world, and thereby supporting global efforts toward sustainable development.
The company designs, manufactures, and sells a wide range of equipment tailored for geothermal and recovered energy-based electricity generation. Its portfolio includes engineering, procurement, and construction services for developing geothermal and recovered energy-based power plants. These offerings cater to contractors, as well as owners and operators of pipelines, gas processing plants, cement plants, and other industrially intensive energy processes, emphasizing Ormat's role in enhancing the efficiency and sustainability of industrial operations.
Addressing the increasing need for grid stability and energy storage, Ormat Technologies provides advanced battery energy storage systems alongside related services. This segment focuses on improving energy reliability, optimizing power generation, and facilitating the integration of renewable energy into the grid, marking a significant stride towards sustainable and dependable energy access.
