TD Cowen upgrades Ormat Technologies stock to Strong Buy

Published on 10/07/2026 at 09:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue was USD 258.76 million in the second quarter of 2026. Ormat Technologies stock costs EUR 82.90 on October 7, 2026 versus EUR 82.65.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (ISIN US6866881021) was trading at EUR 82.90 at Lang & Schwarz on October 7, 2026 at 9:34 a.m. CEST, plus 0.30 percent versus the prior close of EUR 82.65. On October 6, 2026, TD Cowen upgraded the company to Strong Buy, as MarketBeat reported.

Quarterly revenue beats expectations

Ormat reported USD 258.76 million of revenue in the second quarter of 2026, a 10.60 percent increase from the same period a year earlier. The figure exceeded the USD 240.03 million consensus cited by MarketBeat, giving the latest results a stronger operating signal than revenue growth alone.

MarketBeat also reported earnings per share of USD 0.50 against a USD 0.26 consensus for the quarter. That comparison matters because the revenue increase came alongside a clear earnings surprise, although Ormat's financial profile remains exposed to project timing and capital intensity.

Guidance points to storage growth

For fiscal year 2026, Ormat's revenue guidance stands at USD 1.15 billion to USD 1.20 billion, including USD 140 million to USD 155 million from Energy Storage. Simply Wall St lists that guidance as an increase announced with the second-quarter update.

The storage range is strategically important because it gives Ormat a second growth engine beside geothermal generation. The counterweight is valuation and execution: Yahoo Finance reported on October 1, 2026, that UBS cut its rating from Buy to Neutral and reduced its price target from USD 157.00 to USD 100.00 after lowering its storage growth assumptions.

Stock remains below yearly high

Ormat's primary exchange is the NYSE, where the stock's 52-week range was USD 87.06 to USD 146.39 as of October 6, 2026. A Lang & Schwarz price of EUR 82.90 therefore shows a modest daily gain in Germany, while the primary-market range places valuation and delivery against a much wider recent trading band.

Ormat is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That report will test whether the second-quarter revenue pace and the expanded full-year guidance are translating into consistent margins.

Trading reference for Germany

At Lang & Schwarz, Ormat Technologies stock was trading at EUR 82.90 on October 7, 2026 at 9:34 a.m. CEST, up 0.30 percent versus the Lang & Schwarz prior close of EUR 82.65 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.