
Ormat Technologies (ORA) Stock Forecast & Price Target
Ormat Technologies (ORA) Analyst Ratings
Bulls say
Ormat Technologies, Inc. demonstrated robust financial performance in Q3, reporting revenue of $250 million, which surpassed consensus estimates and reflected strong contributions from its Product and Energy Storage segments. The company achieved a notable 12% quarter-over-quarter and 79% year-over-year increase in its Product segment backlog, reaching $295 million, excluding a significant upcoming sale that could bolster future revenues. Additionally, Ormat raised its revenue guidance for 2025 to a range of $960–980 million, indicating positive momentum that is expected to continue into 2026, further enhancing the company's growth outlook.
Bears say
Ormat Technologies Inc. reported a year-over-year decline in electricity revenue, which amounted to $167 million, falling short of both consensus and internal forecasts, indicating potential challenges in operational performance. The company's gross margin of 25.6% also did not meet expectations, reflecting a less favorable mix in high-margin electricity sales and a forecasted drop in future electricity gross margins, which could negatively affect profitability. Despite some positive performance in Product and Storage segments, the overall outlook appears muted, with analysts projecting lower adjusted margins and overall financial performance for Q4 and into 2025.
This aggregate rating is based on analysts' research of Ormat Technologies and is not a guaranteed prediction by Public.com or investment advice.
Ormat Technologies (ORA) Analyst Forecast & Price Prediction
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