Ormat Technologies stock gets Morgan Stanley Overweight call
Published on 10/30/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst View Meets Storage Expansion
- Morgan Stanley began coverage with an Overweight rating and a 123 US dollar price target.
- Ormat is scheduled to release third-quarter results after the market close on November 4, 2026.
- The company's Israeli storage projects are planned to reach commercial operation in 2028.
Morgan Stanley has started coverage of Ormat Technologies with an Overweight rating and a 123 US dollar price target, giving the geothermal and energy-storage company a fresh bullish analyst view. The initiation was reported on Thursday, October 29, 2026.
At 16:05:09 Berlin time on Friday, October 30, Ormat Technologies stock traded at 80.53 euros on Lang & Schwarz. The real-time quote of Ormat Technologies stock is available here.
Storage Portfolio Adds A Longer-Dated Growth Test
The company is expanding beyond its geothermal base into energy storage. In a February 2025 release, Ormat said it had won two 15-year tolling agreements in Israel with a combined planned capacity of approximately 300 megawatts and 1,200 megawatt-hours. The projects are being developed with Allied Infrastructure, with ownership split equally between the partners.
Ormat said the facilities still required interconnection and land-use approvals before construction. Commercial operation was expected during 2028. The company release said the agreements were intended to support a more stable and profitable portfolio.
Third-Quarter Results Set The Next Test
Ormat plans to publish its third-quarter 2026 results after the market close on Wednesday, November 4. Management is scheduled to discuss the figures during a conference call on Thursday, November 5, at 10:00 a.m. Eastern Time. Investors are likely to focus on generation, storage development and the contribution of newer projects to earnings.
The S&P 500 remains the relevant broad US equity-market backdrop for Ormat's valuation-sensitive renewable-energy shares: Current S&P 500 market reports.
More company-specific developments are available in more news and analyses on Ormat Technologies stock.
Ormat Technologies market facts
- Company: Ormat Technologies, Inc.
- ISIN: US6866881021
- Ticker: ORA
- Home exchange: New York Stock Exchange
- Lang & Schwarz quote: 80.53 euros at 16:05:09 Berlin time on October 30, 2026
- Morgan Stanley rating: Overweight
- Morgan Stanley target: 123 US dollars
- Next results: November 4, 2026, after the market close
