RBC keeps Buy rating for Ormat Technologies stock at USD 114.00

Published on 10/15/2026 at 09:58 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC kept its Buy rating and USD 114.00 target on October 9, 2026. Ormat Technologies stock costs EUR 78.00 on October 15, 2026.

Analyst view and earnings timing

RBC maintained a Buy rating and a USD 114.00 target on October 9, 2026.
Second-quarter revenue reached USD 258.8 million, up 10.60 percent year over year.
Ormat Technologies stock trades at EUR 78.00 at 9:44 a.m. CEST at Lang & Schwarz on October 15, 2026.
Third-quarter results are scheduled for November 4, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies stock (ISIN US6866881021) was trading at EUR 78.00 at Lang & Schwarz on October 15, 2026 at 9:44 a.m. CEST. RBC Capital maintained its Buy rating and USD 114.00 price target on October 9, 2026, according to Markets Insider.

Three recent signals for Ormat

The latest analyst signal followed Ormat's second-quarter performance. Revenue reached USD 258.8 million in the second quarter of 2026, an increase of 10.60 percent from the prior-year quarter, while adjusted EBITDA rose 6.90 percent, according to Benzinga. Management raised full-year 2026 revenue guidance to USD 1.15 billion to USD 1.20 billion and adjusted EBITDA guidance to USD 630.0 million to USD 650.0 million.

Chronology shows a shift from project expansion to valuation debate. On September 24, 2026, Ormat announced up to USD 35.0 million in Department of Energy funding for enhanced geothermal and hydrothermal projects, as GlobeNewswire reported. On October 1, 2026, UBS cut its target from USD 157.00 to USD 100.00 and downgraded the stock from Buy to Neutral, according to Markets Insider. RBC's October 9, 2026 report then retained a Buy rating with a USD 114.00 target.

What does the target reset mean?

The gap between the UBS target of USD 100.00 and the RBC target of USD 114.00 shows how differently analysts weigh Ormat's growth and execution profile. The second-quarter revenue increase supports the growth case, while UBS pointed to limited earnings upside through 2028 and a 3.00 percent reduction in 2028 adjusted EBITDA run-rate guidance.

Results dates set the next test

Ormat plans to publish third-quarter 2026 results after the market closes on November 4, 2026, followed by a conference call at 10:00 a.m. ET on November 5, 2026, according to GlobeNewswire. Consensus estimates cited by MarketBeat call for third-quarter revenue of USD 250.06 million and earnings per share of USD 0.3182, compared with USD 249.73 million and USD 0.41 in the prior-year quarter.

Stock enters the next reporting cycle

For investors, the key tension is measurable: Ormat enters the next reporting cycle with higher annual revenue guidance but sharply different analyst targets. The stock was trading at EUR 78.00 at Lang & Schwarz on October 15, 2026 at 9:44 a.m. CEST.

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