RBC cuts target to USD 114 for Ormat Technologies stock

Published on 10/16/2026 at 09:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 258.80 million, up 10.60 percent year over year. The next reporting date for Ormat Technologies stock is November 4, 2026.

Analyst view and reporting dates

RBC Capital cut its target from USD 130.00 to USD 114.00 on October 9, 2026.
Second-quarter revenue reached USD 258.80 million, up 10.60 percent year over year.
Ormat Technologies stock stood at EUR 80.18 at 9:43 a.m. CEST at Lang & Schwarz on October 16, 2026.
The third-quarter results release is scheduled for November 4, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

RBC Capital cut its Ormat Technologies target from USD 130.00 to USD 114.00 on October 9, 2026, while maintaining an Outperform rating, as Markets Insider reported. The analyst move gives investors a fresh benchmark before Ormat's next quarterly update.

Revenue growth meets a tougher target

Ormat's second-quarter 2026 revenue rose 10.60 percent year over year to USD 258.80 million. Adjusted earnings per share reached USD 0.50, beating the USD 0.26 consensus estimate by USD 0.24, according to MarketBeat on October 12, 2026.

The quarter also showed a split operating picture. Energy Storage revenue increased 195.10 percent to USD 42.80 million, while Product revenue fell 21.60 percent to USD 46.70 million, according to the Benzinga transcript. That contrast makes storage execution and product margins central to the next investor debate.

Three dates explain the setup

Ormat's recent chronology runs from second-quarter results on August 5, 2026, with USD 258.80 million of revenue, to the October 6, 2026 announcement of a November 4 results release, and then RBC Capital's October 9, 2026 target cut to USD 114.00. The company said in its Ormat Technologies release dated October 6, 2026, that third-quarter results will be published after the market closes on November 4, 2026, followed by a conference call at 10:00 a.m. ET on November 5, 2026.

What does the target cut mean?

The lower USD 114.00 target contrasts with the company's raised full-year 2026 outlook of USD 1.15 billion to USD 1.20 billion in revenue and USD 630 million to USD 650 million in adjusted EBITDA. The next test is whether storage growth can offset the weaker Product segment and support that guidance.

Stock price and investor reference

Ormat's primary listing is on the NYSE, where the stock was last at USD 89.54 on October 15, 2026 at 4:00 p.m. ET. The 52-week range was USD 87.06 to USD 146.39, and market capitalization stood at USD 5.5 billion on that date.

Ormat Technologies stock was trading at EUR 80.18 at Lang & Schwarz on October 16, 2026 at 9:43 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.