JPMorgan cuts Ormat target to USD 98 for Ormat Technologies stock

Published on 10/21/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target to USD 98 on October 19, 2026. Ormat Technologies stock costs EUR 78.48 at Lang & Schwarz on October 21, 2026.

Analyst target and earnings dates

JPMorgan cut its Ormat target from USD 131.00 to USD 98.00 on October 19, 2026.
Second-quarter revenue reached USD 258.76 million, up 10.60 percent year over year.
Ormat Technologies stock trades at EUR 78.48 at 10:18 a.m. CEST at Lang & Schwarz on October 21, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (US6866881021) became the subject of a sharp JPMorgan target cut on October 19, 2026, from USD 131.00 to USD 98.00. According to MarketBeat, JPMorgan retained a neutral rating. The reduction puts valuation and earnings expectations ahead of the company's longer-term storage expansion story.

Quarterly growth sets the benchmark

Ormat's second-quarter results provide the operating counterweight. The company reported USD 258.76 million in revenue for the quarter ended June 30, 2026, up 10.60 percent from the prior-year period. Adjusted or GAAP classification was not specified in the cited report, so the figure is presented as reported revenue.

MarketBeat also reported earnings of USD 0.50 per share against a USD 0.26 consensus estimate for that quarter. Revenue exceeded the USD 240.03 million consensus estimate, while the company posted a 10.66 percent net margin.

What does the target cut change?

The analyst reset is substantial: JPMorgan's USD 98.00 target is USD 33.00 below its earlier USD 131.00 target. A separate UBS action on October 1, 2026, cut its rating from Buy to Neutral and lowered its target from USD 157.00 to USD 100.00, as Yahoo Finance reported.

Three recent markers for Ormat

On October 1, 2026, UBS cut its target from USD 157.00 to USD 100.00 and moved to Neutral, according to Yahoo Finance. On October 6, 2026, Ormat announced a November 4, 2026 release date for third-quarter results. On October 19, 2026, JPMorgan cut its target from USD 131.00 to USD 98.00, according to MarketBeat.

Results arrive in November

GlobeNewswire reported on October 6, 2026, that Ormat plans to publish third-quarter results after the market closes on November 4, 2026. The company scheduled its results conference call for 10:00 a.m. ET on November 5, 2026. Those dates give investors the next test of whether revenue growth can support the revised valuation debate.

Stock price and valuation context

Ormat Technologies stock was trading at EUR 78.48 at Lang & Schwarz on October 21, 2026, at 10:18 a.m. CEST. The primary listing is on the NYSE, where the finance quote showed USD 87.31 at the October 20, 2026 close, with a market capitalization of USD 5.4 billion. The 52-week range was USD 85.77 to USD 146.39.

The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.