TD Cowen upgraded Ormat Technologies stock as the third-quarter date was set

Published on 10/09/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MarketBeat cites 14 analysts and a USD 130.75 average target. Ormat Technologies stock costs EUR 79.50 on October 9, 2026 versus EUR 79.08.

Key points in brief

Ormat Technologies stock was trading at EUR 79.50 at Lang & Schwarz on October 9, 2026, up 0.53 percent versus the prior close.
The company scheduled its third-quarter results release for November 4, 2026, with a conference call on November 5.
Second-quarter 2026 revenue reached USD 258.76 million, up 10.60 percent year over year, while adjusted earnings per share reached USD 0.50.
Analysts cited a USD 130.75 average target across 14 ratings, with individual targets ranging from USD 117.00 to USD 145.00.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies stock was trading at EUR 79.50 at Lang & Schwarz on October 9, 2026 at 11:20 a.m. CEST. TD Cowen upgraded the company to Strong Buy on October 6, while Ormat set the date for its third-quarter results, according to MarketBeat.

Three dates shape the story

On August 5, 2026, Ormat reported second-quarter revenue of USD 258.76 million and adjusted earnings per share of USD 0.50, versus consensus of USD 240.03 million and USD 0.26, respectively, according to MarketBeat. On September 9, 2026, Oppenheimer raised its target from USD 141.00 to USD 145.00 and kept an Outperform rating, as reported by Marketscreener. On October 6, 2026, Ormat scheduled the next results release and disclosed a 1,850 megawatt generating portfolio through GlobeNewswire.

What does the November report test?

The second-quarter revenue result was 10.60 percent higher than a year earlier, and adjusted earnings per share exceeded consensus by USD 0.24. That combination gives the November update two measurable hurdles: sustaining growth above the USD 258.76 million quarterly base and converting the earnings surprise into another period of execution.

Energy storage is an important part of that calculation. Ormat's portfolio included 495 megawatts of energy storage capacity within the 1,850 megawatt total disclosed on October 6, 2026. The figures show why the upcoming report matters beyond geothermal output, while the business remains exposed to project timing and margin execution.

Analyst targets remain widely spread

MarketBeat reported on October 9, 2026 that 14 analysts covered Ormat with a Moderate Buy consensus and an average target of USD 130.75. The range is material: Jefferies held a USD 117.00 target on September 9, while Oppenheimer's USD 145.00 target was the high figure cited in the same market overview.

The spread leaves the November figures as the next test of those assumptions. Revenue growth, adjusted earnings per share and the energy storage contribution will determine whether the latest analyst views move closer together or remain divided.

Results dates are confirmed

GlobeNewswire reported on October 6, 2026 that Ormat plans to release third-quarter results after the market closes on November 4, 2026, followed by a conference call at 10:00 a.m. ET on November 5, 2026.

Lang & Schwarz quote on October 9

At Lang & Schwarz, Ormat Technologies stock was trading at EUR 79.50 on October 9, 2026 at 11:20 a.m. CEST, plus 0.53 percent versus the prior close of EUR 79.08 on October 8, 2026. The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.