L & S Advisors Inc Acquires Shares of 9,773 Ormat Technologies, Inc. $ORA
L & S Advisors Inc recently acquired a new stake of 9,773 shares in Ormat Technologies (NYSE:ORA) during Q3, valued at approximately $941,000. Other major institutions like Norges Bank, Groupama, and Canada Pension Plan Investment Board have also increased their holdings, leading to institutional investors owning 95.49% of the stock. Analysts have given Ormat Technologies a consensus rating of "Moderate Buy" with an average price target of $129.80, as the company trades near $120.
Ontario Teachers Pension Plan Board Purchases New Position in Ormat Technologies, Inc. $ORA
The Ontario Teachers Pension Plan Board has acquired a new position in Ormat Technologies (NYSE:ORA) by purchasing 26,163 shares valued at approximately $2.52 million in Q3. Other institutional investors like Norges Bank, Groupama, and Canada Pension Plan Investment Board also significantly increased or established stakes, bringing institutional ownership to about 95.49%. Ormat Technologies, a renewable energy company focused on geothermal and recovered energy, has a market capitalization of $7.35 billion, a P/E ratio of 55.48, and a consensus analyst rating of "Moderate Buy" with an average price target of $129.80.
Earnings Preview: Ormat Technologies (ORA) Q4 Earnings Expected to Decline
Ormat Technologies (ORA) is projected to report a year-over-year decline in Q4 earnings despite higher revenues, with the report expected on February 25. The company's Zacks Earnings ESP of +9.36% suggests analysts have become more bullish, but a Zacks Rank of #4 makes a conclusive earnings beat prediction difficult. Historically, Ormat has beaten EPS estimates in the last four quarters.
Ormat to power Google operations in Nevada
Ormat Technologies Inc. has signed a long-term Power Purchase Agreement (PPA) with NV Energy to supply up to 150MW of new geothermal capacity to support Google's operations in Nevada. This agreement, expected to come online between 2028 and 2030, is crucial for Ormat's growth strategy and leverages geothermal power's reliable, carbon-free nature to meet increasing electricity demand, particularly from the tech sector and AI. The deal also highlights a scalable model for integrating clean energy into the grid.
Ormat Technologies Inc. Announces Long-Term Geothermal Power Purchase Agreement with NV Energy to Support Google's Operations in Nevada
Ormat Technologies Inc. has secured a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to supply up to 150MW of new geothermal capacity, primarily to support Google's operations in Nevada. This agreement, which is subject to approval by the Public Utilities Commission of Nevada, will facilitate the development of a multi-project portfolio expected to begin commercial operation between 2028 and 2030, ensuring stable, long-term revenue growth for Ormat. The partnership underscores the increasing demand for clean, reliable power in the technology sector and highlights geothermal energy's role in sustainable energy initiatives.
Ormat Technologies (NYSE:ORA) Shares Gap Up - Should You Buy?
Ormat Technologies (NYSE:ORA) shares gapped up before market open, trading at around $123.77 after closing at $118.19. Analysts have a "Moderate Buy" consensus with an average price target of $130, and the company specializes in geothermal and recovered energy power plants using its proprietary Organic Rankine Cycle technology. Institutional investors hold a significant portion of the company's stock, with 95.49% ownership.
Ormat Technologies stock soars after securing 150MW geothermal PPA with Google
Ormat Technologies Inc. (NYSE:ORA) saw its stock rise by 5% after announcing a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to supply Google's data centers in Nevada with up to 150MW of new geothermal capacity. The agreement, pending regulatory approval, is structured to allow Ormat to develop several new geothermal projects expected to come online between 2028 and 2030, ensuring long-term revenue stability for the company. This deal highlights geothermal power's role in meeting the increasing electricity demand from the technology sector and AI, demonstrating a scalable model for clean energy investment.
Ormat signs 150 MW geothermal power deal with NV Energy to supply Google in Nevada
Ormat Technologies has secured a long-term geothermal power purchase agreement with NV Energy to provide 150 MW of new geothermal capacity for Google's operations in Nevada. This deal highlights the growing demand from Big Tech for carbon-free and reliable power sources to fuel their AI data centers. The new projects are expected to come online between 2028 and 2030, and Ormat's shares surged over 4.7% following the announcement.
Ormat Technologies signs geothermal PPA with NV Energy for up to 150MW new geothermal capacity
Ormat Technologies has signed a Power Purchase Agreement (PPA) with NV Energy for up to 150MW of new geothermal capacity. This agreement is intended to support Google's data center operations through NV Energy. The deal highlights Ormat's continued role in providing carbon-free geothermal energy solutions.
Google data centers tap 150MW Nevada geothermal in Ormat deal
Ormat Technologies signed a long-term Power Purchase Agreement (PPA) to supply up to 150 MW of geothermal power to support Google’s Nevada data center operations through NV Energy. This agreement, enabled by NV Energy's Clean Transition Tariff, is expected to bring new geothermal projects online from 2028 to 2030, with contract terms extending 15 years beyond the final project's commercial operation. The deal is subject to approval by the Public Utilities Commission of Nevada in the second half of 2026 and aims to provide stable, long-term revenue growth for Ormat while supporting Google's increasing electricity demand with carbon-free power.
Ormat Technologies Announces the Signing of Geothermal
Ormat Technologies has signed a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to supply up to 150MW of new geothermal capacity for Google's data center operations in Nevada. This multi-project portfolio PPA, enabled by NV Energy's Clean Transition Tariff, is expected to bring new geothermal projects online from 2028 to 2030, reinforcing Ormat's long-term growth strategy and supporting Google's increased electricity demand with reliable, carbon-free power. The agreement highlights geothermal's role in supporting AI-driven growth and strengthens Nevada's clean energy leadership.
Ormat Technologies Announces the Signing of Geothermal
Ormat Technologies has signed a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to supply up to 150MW of new geothermal capacity for Google's data centers in Nevada. This multi-project portfolio agreement is subject to regulatory approval and is expected to bring new geothermal projects online between 2028 and 2030, supporting Ormat's long-term growth and Google's increasing demand for clean, reliable power. The deal highlights geothermal energy's role in powering the technology sector and strengthening Nevada's clean energy leadership.
Ormat Technologies Inc. Announces Long-Term Geothermal Power Purchase Agreement with NV Energy to Support Google's Operations in Nevada
Ormat Technologies (ORA) has secured a long-term geothermal Power Purchase Agreement (PPA) with NV Energy to supply up to 150MW of new geothermal capacity for Google's operations in Nevada. This agreement, enabled by NV Energy’s Clean Transition Tariff and pending regulatory approval, will involve a multi-project portfolio expected to begin commercial operation between 2028 and 2030, ensuring stable revenue for Ormat for 15 years beyond the last project's operational date. The PPA highlights geothermal energy's role in meeting increasing electricity demands from the technology sector and strengthens Ormat's growth strategy in clean energy.
Jefferies Downgrades Ormat Technologies (ORA) to Hold, Raises Pr
Jefferies has downgraded Ormat Technologies (ORA) from Buy to Hold, while simultaneously raising its price target from $125.00 to $130.00. This adjustment indicates a cautiously optimistic view of Ormat's market potential. The article also provides an overview of other recent analyst ratings for ORA and details the company's business segments.
Impax Asset Management Group plc Lowers Stock Holdings in Ormat Technologies, Inc. $ORA
Impax Asset Management Group plc reduced its stake in Ormat Technologies (NYSE:ORA) by 12.9% in the third quarter, selling 261,860 shares and retaining 1,763,110 shares valued at $168.34 million. Despite this reduction, other institutional investors, including Canada Pension Plan Investment Board and Norges Bank, increased their holdings or opened new positions, with institutional ownership of ORA standing at 95.49%. Wall Street analysts maintain a positive outlook, with a consensus "Moderate Buy" rating and an average price target of $129.44.
Candriam S.C.A. Sells 13,353 Shares of Ormat Technologies, Inc. $ORA
Candriam S.C.A. has reduced its stake in Ormat Technologies, Inc. (NYSE:ORA) by selling 13,353 shares, decreasing its holdings by 15.4% to 73,220 shares, now valued at approximately $7.05 million. Despite this sale, institutional ownership remains high at 95.49%, with other funds like AGF Management and Alps Advisors increasing their positions. Wall Street analysts maintain a "Moderate Buy" consensus rating for Ormat Technologies, with an average price target of $129.44, indicating optimism for the renewable energy company.
UBS Lifts Price Target on Ormat Technologies to $148 From $135, Maintains Buy Rating
UBS has increased its price target for Ormat Technologies (ORA) to $148 from $135, while reiterating a Buy rating on the stock. This adjustment comes amidst recent activities for Ormat, including co-leading a $97 million Series B funding round for Sage Geosystems and winning a geothermal concession in Indonesia. The company also recently commenced commercial operation of its Arrowleaf solar-plus-storage project and signed a 20-year power purchase agreement with Switch.
Mirae Asset Global Investments Co. Ltd. Has $1.93 Million Stock Holdings in Ormat Technologies, Inc. $ORA
Mirae Asset Global Investments Co. Ltd. reduced its stake in Ormat Technologies (NYSE:ORA) by 33.3% in Q3, now holding 20,000 shares valued at $1.93 million. Despite Mirae Asset's reduction, other institutional investors like Canada Pension Plan, Geode Capital Management, and Norges Bank significantly increased or initiated positions in ORA, with institutional ownership now at 95.49%. Analysts maintain a "Moderate Buy" rating for Ormat Technologies, with an average price target of $128.00, and the company recently reported strong Q3 earnings, beating analyst estimates.
Van Berkom & Associates Inc. Sells 147,166 Shares of Ormat Technologies, Inc. $ORA
Van Berkom & Associates Inc. reduced its stake in Ormat Technologies (NYSE:ORA) by 14.1% in the third quarter, selling 147,166 shares and now owning 894,835 shares valued at $86.1 million. Despite this trimming, Ormat Technologies remains Van Berkom's 14th largest holding, and analysts maintain a "Moderate Buy" rating with an average price target of $128.00. The company has shown strong operational results with quarterly EPS and revenue beats, though it trades at a high P/E ratio and has seen recent insider selling.
AGF Management Ltd. Invests $9.53 Million in Ormat Technologies, Inc. $ORA
AGF Management Ltd. has invested $9.53 million in Ormat Technologies (NYSE:ORA) by purchasing 98,977 shares, establishing a new position representing 0.16% ownership. This comes amid recent insider selling totaling $4.6 million and institutional buying from other firms like Geode Capital Management LLC and Canada Pension Plan Investment Board. Ormat Technologies recently beat quarterly earnings expectations with $0.41 EPS and $249.7 million revenue, and analysts maintain a "Moderate Buy" rating with an average price target of $128.
A Look At Ormat Technologies (ORA) Valuation After Securing Indonesia’s Telaga Ranu Geothermal Project
Ormat Technologies (ORA) recently secured the Telaga Ranu Geothermal Working Area in Indonesia, driving increased investor attention and strong stock performance with a 103.03% one-year total shareholder return. Despite the positive momentum, Simply Wall St assesses ORA as 4% overvalued with a fair value of $123.70 against its current trading price of $127.97, raising questions about further buying opportunities. The analysis suggests that while the company benefits from revenue expansion and resilient margins, its valuation hinges on the storage segment's compliance and managing high capital spending with significant net debt.
Ormat Technologies stock hits all-time high at 128.97 USD
Ormat Technologies Inc. (ORA) has reached a new all-time high of $128.97, reflecting strong investor confidence and significant growth in the renewable energy sector, with a 103.03% increase over the past year. The company's market cap is $7.78 billion with annual revenue of $944.25 million. Recent strategic initiatives include a geothermal award in Indonesia and a 20-year Power Purchase Agreement with Switch for its Salt Wells plant, leading to analyst upgrades and increased price targets.
Can Ormat Technologies (ORA) Keep the Earnings Surprise Streak Alive?
Ormat Technologies (ORA) shows a strong track record of beating earnings estimates, with an average surprise of 20.27% over the last two quarters. With a positive Zacks Earnings ESP of +1.25% and a Zacks Rank #3 (Hold), the company appears well-positioned for another earnings beat in its upcoming report expected on February 25, 2026. This analysis suggests ORA could continue its streak of outperforming expectations.
Oppenheimer Raises Price Target for Ormat Technologies (ORA) to $136 | ORA Stock News
Oppenheimer has raised its price target for Ormat Technologies (ORA) to $136 from $125, while maintaining an "Outperform" rating. This adjustment reflects an 8.8% increase in their target. Other analysts have also recently updated their ratings and price targets for ORA, with the average analyst target being $123.80, suggesting a slight upside from its current price.
Retirement Systems of Alabama Acquires 119,552 Shares of Ormat Technologies, Inc. $ORA
Retirement Systems of Alabama significantly increased its stake in Ormat Technologies, Inc. by 169.7% in Q3, purchasing 119,552 additional shares, bringing its total holding to 189,988 shares valued at approximately $18.29 million. Analysts maintain a "Moderate Buy" rating for ORA with an average target price of $125.22. Ormat Technologies recently surpassed quarterly earnings estimates with strong revenue growth and declared a $0.12 quarterly dividend.
AEGON ASSET MANAGEMENT UK Plc Makes New $14.01 Million Investment in Ormat Technologies, Inc. $ORA
AEGON ASSET MANAGEMENT UK Plc has invested $14.01 million in Ormat Technologies, Inc. (NYSE:ORA) by acquiring 145,477 shares in the third quarter of 2025. This new stake represents approximately 0.24% of the company, even as some insiders sold shares. Analysts maintain a "Moderate Buy" rating with an average price target of $125.22 for Ormat Technologies.
Ormat Technologies stock hits 52-week high at 125.23 USD
Ormat Technologies stock (ORA) hit a new 52-week high of $125.23, reflecting a 90.38% return over the past year. Despite a high P/E ratio suggesting potential overvaluation, the company shows strong growth with revenue of $944.25 million and a 35.31% gain in the last six months, driven by new geothermal and energy storage projects. Analysts remain bullish, with price targets up to $143, as the company expands its renewable energy footprint through concessions and power purchase agreements.
Ormat Technologies (NYSE:ORA) Hits New 12-Month High - Here's Why
Ormat Technologies (NYSE:ORA) recently reached a new 52-week high of $125.35, trading at $123.95 with significant volume. Analysts have a "Moderate Buy" consensus rating with an average target price of $125.22, with some targets going as high as $143. The company surpassed its quarterly EPS and revenue estimates and pays a $0.12 quarterly dividend, while insiders have sold approximately 40,860 shares in the past 90 days.
Ormat Technologies co-leads investment in Sage Geosystems
Ormat Technologies Inc. has co-led a US$25 million equity investment in Sage Geosystems Inc.'s Series B funding round, totaling over US$97 million. This investment aims to advance Sage's geothermal power generation and energy storage solutions, including the development of its first commercial next-generation geothermal facility. The collaboration will accelerate the deployment and commercialisation of advanced geothermal technologies, with Ormat having rights to develop and operate projects using Sage's technology upon successful piloting.
Ormat Technologies co-leads investment in Sage Geosystems
Ormat Technologies Inc. co-led a US$25 million equity investment in Sage Geosystems Inc.'s Series B funding round, totaling over US$97 million. This strategic investment aims to advance Sage's geothermal power generation and energy storage solutions, including the development of its first commercial next-generation geothermal facility. Ormat's CEO, Doron Blachar, emphasized that this investment aligns with Ormat's strategy to promote geothermal innovation and expand its global deployment.
New $25M push to tap hot dry rock geothermal at Ormat plant
Ormat Technologies announced a $25 million equity investment in Sage Geosystems' over $97 million Series B funding round, co-led with Carbon Direct Capital. This investment aims to advance next-generation geothermal and energy storage solutions, funding a pilot for Sage’s Pressure Geothermal technology at an existing Ormat plant. Upon successful completion of the pilot, Ormat will gain rights to develop, build, own, and operate projects using Sage's technology, expanding its Enhanced Geothermal Systems portfolio.
Sage Geosystems Raises Over $97 Million To Deploy World’s First Commercial Pressure Geothermal Power Generation Facility
Sage Geosystems has secured over $97 million in Series B funding, led by Ormat Technologies and Carbon Direct Capital, to develop its first commercial Pressure Geothermal power generation facility. This innovative technology extracts heat from hot dry rock to provide reliable, carbon-free power and long-duration energy storage. The first facility will be deployed at an existing Ormat power plant, aiming to address the increasing demand for firm power, including for AI data centers.
Sage Geosystems Raises Over $97 Million To Deploy World’s First Commercial Pressure Geothermal Power Generation Facility
Sage Geosystems has successfully raised over $97 million in Series B funding, co-led by Ormat Technologies and Carbon Direct Capital, to advance its Pressure Geothermal technology. This funding will support the deployment of Sage's first commercial next-generation geothermal power generation facility at an existing Ormat plant. The company's technology aims to provide reliable, carbon-free power and long-duration energy storage, expanding the potential for geothermal energy in various locations.
Migdal Insurance & Financial Holdings Ltd. Sells 150,000 Shares of Ormat Technologies, Inc. $ORA
Migdal Insurance & Financial Holdings Ltd. reduced its stake in Ormat Technologies (NYSE:ORA) by 30.2% in the third quarter, selling 150,000 shares and now owning 346,526 shares valued at approximately $33.35 million. While institutional investors hold about 95.49% of the company, insiders have sold shares totaling $4.6 million in the past 90 days. Analysts maintain a "Moderate Buy" consensus rating with a target price of $125.22 for Ormat Technologies, which reported strong earnings and revenue, and also pays a quarterly dividend.
Sage Geosystems closes $97 million Series B funding round to support Pressure Geothermal deployment
Sage Geosystems has successfully closed a $97 million Series B funding round, co-led by Ormat and Carbon Direct Capital, to accelerate the deployment of its innovative Pressure Geothermal technology. This investment will advance the company's geothermal power generation and energy storage solutions, building on a strategic agreement with Ormat to pilot the technology. The goal is to bring Pressure Geothermal to commercial scale, offering a reliable and scalable energy source by leveraging hot, dry rock formations.
Ormat Technologies Invests $25 Million in Sage Geosystems to Advance Next-Generation Geothermal Technology
Ormat Technologies has invested $25 million in Sage Geosystems as part of a $97 million Series B funding round. This investment aims to advance next-generation geothermal and energy storage solutions, including the development of Sage's first commercial facility and the piloting of its Pressure Geothermal technology at an existing Ormat power plant. The collaboration seeks to enhance Ormat's Enhanced Geothermal Systems portfolio and accelerate the deployment of innovative geothermal solutions.
Ormat Backs Next-Generation Geothermal Startup That Taps Hot Dry Rocks
Ormat Technologies Inc., a major geothermal energy developer, co-led a $97 million funding round for Sage Geosystems. Sage Geosystems aims to use innovative technology to extract energy from hot dry rocks, reducing costs and expanding the potential locations for geothermal systems, particularly to meet the growing electricity demand from artificial intelligence. The startup is currently building its first commercial project in Nevada.
Ormat Technologies Announces Co-Lead of Series B Investment
Ormat Technologies has announced a $25 million equity investment in Sage Geosystems' Series B funding round, co-leading the over $97 million investment with Carbon Direct Capital. This investment supports Sage in developing its next-generation geothermal and energy storage solutions, including a pilot project at an existing Ormat power plant. The collaboration aims to accelerate the deployment and commercialization of advanced geothermal technologies and expand Ormat's Enhanced Geothermal Systems portfolio.
Ormat to invest in startup to advance next-generation geothermal technology (ORA:NYSE)
Ormat Technologies (ORA) announced a $25M equity investment as part of a $97M Series B funding round for Sage Geosystems. Sage Geosystems is a startup focused on advanced geothermal technology, specifically generating electricity from hot rocks. This investment aims to meet the surging power demand using next-generation geothermal solutions.
Ormat Technologies Announces Co-Lead of Series B Investment
Ormat Technologies announced a $25 million equity investment in Sage Geosystems Inc.'s over $97 million Series B funding round, co-leading the financing with Carbon Direct Capital. This investment aims to advance Sage's next-generation geothermal and energy storage technologies, including a pilot project at an existing Ormat power plant. The collaboration is intended to accelerate the deployment and commercialization of advanced geothermal solutions and expand Ormat's Enhanced Geothermal Systems portfolio.
Ormat to develop Telaga Ranu geothermal project in Indonesia
The article reports that Ormat Technologies has been selected to develop the Telaga Ranu geothermal project in Indonesia. This project will be located in the West Java province and aims to expand Indonesia's geothermal power generation capacity. Ormat will bring its expertise in geothermal technology to this new venture.
Ormat to Develop Telaga Ranu Geothermal Project in Indonesia
Ormat Technologies (ORA) has been awarded the Telaga Ranu Geothermal Working Area by the Indonesian government, enhancing its development pipeline with potential for up to 40 MW of geothermal capacity. This project aligns with Indonesia's decarbonization goals and strengthens Ormat's presence in a key global geothermal market. The company aims to leverage its expertise to expand its exploration pipeline to approximately 200 MW, building on its existing 59 MW operating asset in Indonesia.
Ormat Technologies (ORA) Signs Long-Term PPA with Switch
Ormat Technologies, Inc. (NYSE: ORA) announced a 20-year power purchase agreement (PPA) with Switch, supplying 13 MW of clean energy from its Salt Wells geothermal plant in Nevada, with an option to expand to 7 MW solar PV. This marks Ormat's first direct PPA with a data center operator. Roth Capital maintained a 'Buy' rating with a $125 price target, recognizing the PPA as an important milestone for the company.
Mizuho Markets Americas LLC Boosts Stake in Ormat Technologies, Inc. $ORA
Mizuho Markets Americas LLC increased its stake in Ormat Technologies (NYSE:ORA) by 7.8% in Q3, now holding 175,322 shares valued at $16.88 million. Despite significant insider selling totaling $4.6 million over the past three months, Ormat Technologies outperformed Q3 earnings estimates with $0.41 EPS and 17.9% revenue growth year-over-year. Analysts remain positive, with a "Moderate Buy" consensus and an average price target of $125.22, following upgrades like TD Cowen's to "buy."
Ormat Technologies awarded Telaga Ranu geothermal concession in Indonesia
Ormat Technologies has been awarded the Telaga Ranu Geothermal Working Area in Indonesia after a competitive tender process. This concession, located in Halmahera, North Maluku, has the potential to support up to 40 MW of baseload geothermal energy. This move strengthens Ormat's development pipeline and contributes to Indonesia's energy transition program and decarbonization efforts.
Ormat Technologies awarded Telaga Ranu geothermal concession in Indonesia
Ormat Technologies has been awarded the Telaga Ranu Geothermal Working Area in Indonesia after a competitive tender process. This concession strengthens Ormat's development pipeline and supports Indonesia's energy transition program, with the potential to provide up to 40 MW of baseload geothermal energy. The project aims to replace diesel-based power generation and contribute to the country's decarbonisation and economic growth.
ORA Inks Long-Term PPA to Deliver Carbon-Free Geothermal Power
Ormat Technologies (ORA) has signed a 20-year Power Purchase Agreement (PPA) with Switch, marking its first direct PPA with a data center operator for carbon-free geothermal power. This agreement secures long-term revenue for ORA and strengthens its position in the growing sustainable energy market for data centers. The company also anticipates significant growth in the broader geothermal market and is expanding its capacity and projects.
Does Indonesia’s Telaga Ranu Geothermal Win Reshape The Bull Case For Ormat Technologies (ORA)?
Ormat Technologies (ORA) was awarded the Telaga Ranu Geothermal Working Area in Indonesia, providing long-term rights to develop up to 40MW of geothermal capacity. This concession strengthens Ormat's presence in Indonesia's energy transition program and enhances its long-term development pipeline. While this moderately reinforces the bull case, the company's primary focus remains on execution and margins in existing electricity segments, with balance sheet strain and funding costs being significant risks.
Barclays Adjusts Price Target for Ormat Technologies (ORA) to $1
Barclays has adjusted its price target for Ormat Technologies (ORA) from $118 to $108, while maintaining an "Overweight" rating. This adjustment reflects a -8.47% change. Ormat Technologies is involved in the geothermal and recovered energy power business, including developing, building, owning, and operating power plants and energy storage solutions.
40MW geothermal project in Indonesia moves forward with Ormat win
Ormat Technologies (NYSE: ORA) has been awarded the Telaga Ranu geothermal concession in Indonesia, a 40MW project located in a high feed-in tariff zone. This concession, secured after a competitive tender, will add to Ormat's exploration pipeline, bringing it to approximately 200MW. The development by 2030 aims to replace diesel generation, advance decarbonization, and strengthen energy security in the region.
