JPMorgan cuts Ormat target to USD 98 for Ormat Technologies stock

Published on 10/23/2026 at 10:40 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 10.60 percent to USD 258.76 million. Ormat Technologies stock costs EUR 79.03 on October 23, 2026 in trading.

Target cuts meet storage growth

On October 19, 2026, JPMorgan lowered its target from USD 131.00 to USD 98.00.
Second-quarter revenue increased 10.60 percent to USD 258.76 million in 2026.
Ormat Technologies stock traded at EUR 79.03 at 10:34 a.m. CEST at Lang & Schwarz on October 23, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (ISIN US6866881021) was trading at EUR 79.03 at Lang & Schwarz on October 23, 2026 at 10:34 a.m. CEST. On October 19, 2026, JPMorgan lowered its price target from USD 131.00 to USD 98.00 while keeping a neutral rating, according to MarketBeat.

Three dates frame the repricing

On August 5, 2026, Ormat reported second-quarter revenue of USD 258.76 million and adjusted earnings per share of USD 0.50, according to MarketScreener. On October 6, 2026, the company scheduled its third-quarter release for November 4, 2026, after the market closes. On October 19, 2026, JPMorgan's target cut to USD 98.00 became the latest dated event.

What does storage growth mean?

The second-quarter mix gives investors a measurable counterweight to the target reduction. Energy Storage revenue increased 195.10 percent year over year to USD 42.80 million, while the segment reported a 56.20 percent gross margin, according to Benzinga. Companywide adjusted EBITDA rose 6.90 percent to USD 143.90 million, and full-year revenue guidance was raised to USD 1.15 billion-1.20 billion.

The same quarter also showed a pressure point: GAAP net income attributable to stockholders declined to USD 27.10 million from USD 28.00 million. Management attributed the year-over-year decline to a USD 6.60 million write-off for a storage project that Ormat decided not to pursue, while adjusted net income increased 6.50 percent to USD 31.00 million.

Next reporting dates are set

The next scheduled company dates are November 4, 2026, for the third-quarter results and November 5, 2026, for the conference call, according to MarketScreener. That calendar gives the target cut a near-term test: investors will compare the new quarter with the USD 1.15 billion-1.20 billion full-year revenue range.

Stock price and valuation context

Ormat's primary listing is on the New York Stock Exchange, where the ticker is ORA. The company had a USD 5.4 billion market capitalization as of October 22, 2026, while its operating profile spans geothermal power, recovered energy, solar photovoltaic projects and energy storage.

Ormat Technologies stock was trading at EUR 79.03 at Lang & Schwarz on October 23, 2026 at 10:34 a.m. CEST.

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