Ormat Technologies stock gets Overweight call from Morgan Stanley

Published on 10/30/2026 at 10:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Morgan Stanley began coverage of Ormat Technologies stock with an Overweight rating and a 123 US dollar target. The next results are due in November.

Analysts reset the valuation debate

Morgan Stanley began coverage with an Overweight rating and a 123 US dollar target.
The call comes ahead of Ormat's scheduled third-quarter results release on November 4.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Morgan Stanley began covering Ormat Technologies with an Overweight rating and a 123 US dollar price target on Thursday, October 29, 2026, according to Markets Insider. The bank described Ormat as an established conventional geothermal leader and pointed to growth potential in its legacy businesses and emerging enhanced geothermal systems.

The initiation adds a constructive view to a mixed recent analyst picture. JPMorgan cut its Ormat target from 131 US dollars to 98 US dollars on October 19 while retaining a Neutral rating, according to the reports reviewed for the company. Morgan Stanley's target is therefore 25 US dollars above JPMorgan's revised level, although the two assessments use separate models and should not be treated as a direct forecast of the share price.

Growth themes meet execution tests

Ormat operates geothermal and recovered-energy generation assets and has expanded into energy storage and solar photovoltaic projects. The company said in its February 2025 release that its Israeli storage partnership was developing two facilities with combined planned capacity of about 300 megawatts and 1,200 megawatt-hours. Commercial operation was expected in 2028, subject to interconnection and land-use approvals.

The immediate operating test is the third-quarter report. Ormat has scheduled publication after the market closes on Wednesday, November 4, 2026, followed by a conference call on Thursday, November 5, at 10:00 a.m. Eastern Time. Investors will focus on power generation, storage development and the pace at which newer projects can contribute to earnings.

The real-time quote of Ormat Technologies stock was 81.25 euros on Lang & Schwarz at 9:49 a.m. CET on Friday, October 30, 2026.