TD Cowen Has Lowered Expectations for Ormat Technologies (NYSE:ORA) Stock Price

Ormat Technologies (NYSE:ORA) had its target price lowered by equities researchers at TD Cowen from $131.00 to $125.00 in a research note issued on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the energy company’s stock. TD Cowen’s price objective would suggest a potential upside of 20.56% from the stock’s previous close.

Several other brokerages also recently commented on ORA. Barclays reduced their target price on Ormat Technologies from $118.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, January 15th. Robert W. Baird reduced their price objective on shares of Ormat Technologies from $143.00 to $130.00 and set an “outperform” rating for the company in a research report on Friday. Oppenheimer upped their price objective on shares of Ormat Technologies from $125.00 to $136.00 and gave the company an “outperform” rating in a report on Tuesday, January 27th. Jefferies Financial Group lowered shares of Ormat Technologies from a “buy” rating to a “hold” rating and increased their price objective for the company from $125.00 to $130.00 in a research report on Friday, February 13th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ormat Technologies in a report on Thursday, January 22nd. Seven analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $128.00.

Ormat Technologies Stock Performance

Shares of ORA opened at $103.68 on Friday. The firm has a 50-day moving average of $118.47 and a 200-day moving average of $108.22. Ormat Technologies has a one year low of $64.39 and a one year high of $132.58. The company has a market cap of $6.30 billion, a PE ratio of 51.58, a price-to-earnings-growth ratio of 4.20 and a beta of 0.77. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.77 and a quick ratio of 0.70.

Ormat Technologies (NYSE:ORA) last issued its earnings results on Wednesday, February 25th. The energy company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Ormat Technologies had a net margin of 12.52% and a return on equity of 5.24%. The company had revenue of $276.04 million for the quarter, compared to analysts’ expectations of $257.75 million. During the same period in the prior year, the firm earned $0.67 EPS. Ormat Technologies’s quarterly revenue was up 19.6% compared to the same quarter last year. As a group, equities analysts forecast that Ormat Technologies will post 1.94 earnings per share for the current year.

Institutional Investors Weigh In On Ormat Technologies

Hedge funds have recently added to or reduced their stakes in the business. Aster Capital Management DIFC Ltd bought a new stake in Ormat Technologies during the 4th quarter worth approximately $26,000. Los Angeles Capital Management LLC acquired a new position in shares of Ormat Technologies during the fourth quarter worth $32,000. Wolff Wiese Magana LLC bought a new stake in shares of Ormat Technologies in the fourth quarter worth $33,000. Smartleaf Asset Management LLC increased its holdings in Ormat Technologies by 245.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 297 shares of the energy company’s stock valued at $33,000 after purchasing an additional 211 shares during the period. Finally, Jones Financial Companies Lllp raised its position in Ormat Technologies by 43.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 371 shares of the energy company’s stock worth $35,000 after purchasing an additional 113 shares during the last quarter. 95.49% of the stock is currently owned by institutional investors and hedge funds.

Key Ormat Technologies News

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

• Positive Sentiment: Q4 results: Revenue rose 19.6% to $276.0M and beat estimates; EPS met consensus. Management issued 2026 revenue guidance of up to $1.16B (about 14.6% growth), which supports topline momentum and longer‑term growth expectations. Zacks: ORA Q4 Earnings Meet Estimates
• Positive Sentiment: Company is expanding its PPA (power purchase agreement) portfolio and investing in EGS (enhanced geothermal systems), initiatives management flagged as drivers of mid‑term revenue growth. Seeking Alpha: Ormat expects 14.6% revenue growth
• Neutral Sentiment: Management released the earnings slide deck and call materials (presentation and transcript available), useful for investors assessing segment dynamics and project pipeline. Earnings Presentation Earnings Transcript
• Neutral Sentiment: Board declared a modest quarterly dividend of $0.12 per share (ex‑dividend March 10), which is income‑supportive but small relative to total return expectations.
• Negative Sentiment: Analysts trimmed price targets: Robert W. Baird cut its target from $143 to $130 (still Outperform) and TD Cowen trimmed its target from $131 to $125 (still Buy). Those reductions can sap near‑term upside and trigger selling. Benzinga: Baird PT Cut
• Negative Sentiment: Coverage and commentary on recent share‑price volatility and valuation have raised investor caution — ORA carries a high P/E and investors may be taking profits after the run, amplifying downward pressure. Yahoo Finance: Valuation After Volatility

About Ormat Technologies

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.