NYSE: ORA

Ormat Technologies (ORA) Stock Analysis & Forecast

Sep 28 close

$90.36−3.27 (−3.5%)

Gekko Brief

AI summary

This week's news centers on Ormat's geothermal development funding, with the company selected for up to $35 million from the U.S. Department of Energy to advance Enhanced Geothermal Systems and hydrothermal projects at its Dixie Valley, Nevada and Cove Fort, Utah sites, work done in collaboration with SLB and the University of Utah. Separately, Sage Geosystems has chosen Ormat's Blue Mountain power plant in Nevada for its Project Vector EGS facility, with drilling of two wells planned by Q4 2026 and full production targeted by 2028. Coverage has also weighed valuation, with one comparison noting a P/E ratio of 46.9x against a peer average of 29.2x.

Shares closed at $90.36, down 3.5% on the day and off 13.9% over the past month, sitting below both the 50-day average of $102.32 and the 200-day average of $114.36, with the shorter average also below the longer one. The GekkoIndex reads 66.2, placing the stock in the Accumulation zone. Price sits 21.1% below Gekko Fair Value of $114.53.

The next earnings report is scheduled for 2 November 2026, 34 days out and beyond a typical 20-trading-day holding window; the prior quarter saw EPS of $0.50 against a $0.29 estimate with a 7.3% reaction. Smart-money and options windows show no insider, Congress or unusual options activity in their respective periods. Seasonality over 5 years shows the next 20 trading days from this point averaging +1.9%, positive in 4 of those years. Consensus among 8 firms stands at 6 buy and 2 hold ratings, with a $132.42 target.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Ormat Technologies price vs fair value

$114.53$90.36Sep ’25Mar ’26Sep ’26
Close $90.36200-day averageGekko Fair Value $114.53

Ormat Technologies quick facts

Market cap
$5.55B
P/E ratio
45.9
Forward P/E
35.8
EPS, TTM
$2.04
Revenue, TTM
$1.19B
Profit margin
10.7%
Dividend yield
0.52%
Beta
0.90
Volume
819,693 avg 1.01M
1-year return
−3.6%
Typical daily move
±4%
Typical 20-day move
±5.3%
50-day average
$102.32
200-day average
$114.36
Next earnings
Nov 2
Shares outstanding
61.50M
52-week range
$90.12$146.39

Ormat Technologies swing-trade checklist

Ormat Technologies scores 4 supportive, 0 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

4 supportive0 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $90.36 is below the 50-day ($102.32) and 200-day ($114.36) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    66.2, Accumulation

    Reading 66.2 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuesupportive

    21.1% below

    Price is 21.1% below Gekko Fair Value (more than 5% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 34 days

    Next report Nov 2, 2026, 34 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +1.9% on average

    From this point in the calendar, the next 20 trading days averaged +1.9% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Ormat Technologies stock chart and price history

Ormat Technologies closed at $90.36 on Sep 28, 2026, −3.6% over the past year, inside a 52-week range of $90.12 to $146.39.

Close50-day average200-day averageVolume
Ormat Technologies share price, past year, with 50-day and 200-day moving averages and volume$80$100$120$140NovDecJan 2026FebMarAprMayJunJulAugSep90.36

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−13.9%
3 months
−18.2%
6 months
−19.3%
1 year
−3.6%
The full ORA chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open ORA in Gekko

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About Ormat Technologies

Ormat Technologies works in geothermal and recovered energy power, with a presence spanning the United States, Indonesia, Kenya, Turkey, Chile, Guadeloupe, Guatemala, Ethiopia, New Zealand, Honduras and other locations abroad. It is known for building and running power facilities that convert geothermal, solar and recovered energy sources into electricity for sale.

The company operates through three units. Its Electricity Generation arm designs, builds, owns and operates plants that produce and sell power from geothermal, solar and recovered energy sources. Product Manufacturing makes equipment for geothermal and recovered energy generation, including fossil-fuel turbo-generators and heavy-duty direct-current units, and also handles engineering, procurement, construction, and operation and maintenance work for power plants; its customers include contractors, developers, owners and operators of geothermal facilities along with industrial users such as gas pipeline operators, gas processing plants and cement producers. The Energy Storage Solutions unit covers construction and upkeep of energy storage systems.

Ormat Technologies was founded in 1965 and is based in Reno, Nevada. Its shares are listed on the NYSE under the ticker ORA.

Listed
NYSE
Sector
Utilities
Industry
Electric utilities
Website
ormat.com

Ormat Technologies GekkoIndex: the smart money zone

Ormat Technologies’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 66.2, in the Accumulation zone, up 2 points over five sessions.

010066.2Accumulation

Up 2 points over five sessions.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying22+0.7%−0.4%−4.5%−0.2%
Accumulation (current zone)1830.0%+0.2%+1.9%+7.4%
Neutral430+0.5%+0.9%+1.8%+3.9%
Distribution36+0.2%+1.6%+1.8%−0.2%
Selling1Too few readings yet

Average ORA share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the ORA price, zone by zone.Track ORA in Gekko

Is Ormat Technologies stock overvalued? Gekko Fair Value

Ormat Technologies trades 21.1% below Gekko Fair Value of $114.53, so the shares are undervalued on Gekko’s estimate.

Gekko’s own estimate of what Ormat Technologies shares are worth, recalculated every trading day.

$114.53

Gekko Fair Value, Sep 26, 2026

21.1% Undervalued

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open ORA in Gekko

Ormat Technologies insider and Congress trading

No open-market insider purchases were filed for Ormat Technologies, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for ORA in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every ORA insider filing, plotted on the chart in Gekko.Open ORA in Gekko

Congress trades last 90 days

No trades in ORA were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for ORA, plotted on the chart in Gekko.Open ORA in Gekko

Buybacks

Ormat Technologies has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$24.40M
As a share of market cap
0.44%

From company filings.

Hedge funds and billionaires quarter ended Jun 30

0of the funds Gekko tracks hold ORA.

0added0opened0trimmed2sold out
Which funds are on each side, name by name.Unlock in Gekko

Ormat Technologies earnings: next date and track record

Ormat Technologies reports on Nov 2, 2026 (34 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±3.9%average move across the report
7 of 8reports followed by a gain

Share-price move across each report

+1.5%Nov ’24+0.6%Feb ’25+2.9%May ’25+2.5%Aug ’25+2.1%Nov ’25−8.1%Feb ’26+6.2%May ’26+7.3%Aug ’26

Last earnings call, Aug 5, 2026 AI summary

What they said
Ormat Technologies reported Q2 2026 revenue of $258.8M, up 10.6% YoY, with gross profit rising 20.8% to $68.7M and adjusted EBITDA up 6.9% to $143.9M. Energy storage revenue nearly tripled YoY driven by PJM merchant pricing and new capacity. Electricity segment grew 5.8% to $169.3M. Adjusted EPS increased to $0.50 from $0.48. The company added 155MW to its portfolio including Juco Solar acquisition and Dominica geothermal plant.
Guidance
Based on strong H1 results, Ormat raised its full-year revenue and adjusted EBITDA guidance. Management cited accelerating momentum across all three business segments as the basis for the upward revision.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$0.50
est $0.29
+72.4%$258.8M
est $240.0M
+7.8%+7.3%
May 6, 2026$1.30
est $0.90
+44.4%$403.9M
est $349.2M
+15.7%+6.2%
Feb 25, 2026$0.67
est $0.65
+3.2%$276.0M
est $257.7M
+7.1%−8.1%
Nov 3, 2025$0.41
est $0.37
+10.8%$249.7M
est $257.7M
−3.1%+2.1%
Aug 6, 2025$0.48
est $0.37
+29.7%$234.0M
est $235.0M
−0.4%+2.5%
May 7, 2025$0.68
est $0.58
+17.2%$229.8M
est $227.5M
+1.0%+2.9%
Feb 26, 2025$0.72
est $0.47
+53.2%$230.7M
est $235.1M
−1.8%+0.6%
Nov 6, 2024$0.42
est $0.31
+35.5%$211.8M
est $238.3M
−11.1%+1.5%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Ormat Technologies stock forecast and analyst price targets

Analysts’ average 12-month price target for Ormat Technologies is $132.42, +46.5% from the last close, from 8 firms rating the stock in the last 90 days.

$132.42consensus 12-month target, +46.5% from the last close
Low $112High $145
Buy6
Hold2
Sell0

Each firm’s latest rating in the last 90 days: 8 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Sep 10Roth MKMBuy, maintained$130+43.9%
Sep 9J.P. MorganHold, maintained$131+45.0%
Sep 9OppenheimerBuy, reiterated$145+60.5%
Sep 8RBC CapitalBuy, maintained$130+43.9%
Sep 4BernsteinHold, upgraded$112+23.9%
+1.9%average 20-day move after past Accumulation readings
+1.9%average move over the next 20 trading days in the last 5 years
±4%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Ormat Technologies seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Ormat Technologies averaged +1.9% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+4.5%2021+3.8%2022−12.2%2023+5.8%2024+11.6%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+1.3%2 of 5
Next 10 trading days+2.4%2 of 5
Next 15 trading days+2.6%3 of 5
Next 20 trading days+1.9%4 of 5
Next 30 trading days+9.3%4 of 5

For scale, ORA’s typical 20-trading-day move in either direction is about 5.3%.

Ormat Technologies market cap and key statistics

Ormat Technologies’s market cap is $5.55B, with a P/E ratio of 45.9 and revenue of $1.19B over the last twelve months.

Valuation

Market cap
$5.55B
P/E ratio
45.9
Forward P/E
35.8
EPS, TTM
$2.04
Gekko Fair Value
$114.53

Trading

Volume
819,693
Avg volume, 20 days
1.01M
52-week high
$146.39
52-week low
$90.12
Shares outstanding
61.50M

Financials

Revenue, TTM
$1.19B
Profit margin
10.7%
Return on equity
4.8%
Quarterly earnings growth, YoY
−6.5%

Risk and income

Beta
0.90
Typical daily move
±4%
Typical 20-day move
±5.3%
Dividend yield
0.52%

Ormat Technologies stock news this week

Coverage of Ormat Technologies this week reads positive: 5 positive, 2 neutral and 0 negative headlines.

News sentiment positive

Ormat Technologies peers

Ormat Technologies’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEENextEra Energy−0.7%Buying24.8% below
SOSouthern−0.7%Buying0.3% above
CEGConstellation Energy−0.5%Accumulation0.3% above
DUKDuke Energy−0.1%Buying10.3% above
AEPAmerican Electric Power+0.1%Buying7.2% above
DDominion Energy−0.6%Accumulation11.9% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Ormat Technologies stock FAQ

What is Ormat Technologies’s market cap?

Ormat Technologies’s market cap is $5.55B at the Sep 28, 2026 close of $90.36, with 61.50M shares outstanding. The shares trade on a P/E ratio of 45.9.

What is the Ormat Technologies stock forecast?

The consensus analyst 12-month price target for Ormat Technologies is $132.42, +46.5% from the last close. Of the 8 firms that rated the stock in the last 90 days, 6 rate it a buy, 2 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Ormat Technologies stock overvalued or undervalued?

On Gekko’s estimate Ormat Technologies is undervalued: the Sep 28, 2026 close of $90.36 is 21.1% below Gekko Fair Value of $114.53. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Ormat Technologies report earnings next?

Ormat Technologies is expected to report on Nov 2, 2026 (34 days away). Analysts expect earnings of $0.28 per share on revenue of $248.7M. Ormat Technologies beat the earnings estimate in 8 of its last 8 reports, moving 3.9% on average across the report.

What is Ormat Technologies’s 52-week high and low?

Ormat Technologies’s 52-week high is $146.39 and its 52-week low is $90.12; it closed at $90.36 on Sep 28, 2026, −3.6% over the past year.

Is Ormat Technologies stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 4 of the 5 items with data read as supportive (gekkoindex, fair value, earnings risk and seasonality) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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