TD Cowen upgrades Ormat Technologies stock to Strong Buy
Published on 10/08/2026 at 12:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ormat Technologies stock (ISIN US6866881021) was trading at EUR 79.55 at Lang & Schwarz on October 8, 2026 at 11:59 a.m. CEST, down 1.00 percent versus the prior close of EUR 80.35. According to MarketBeat on October 6, 2026, TD Cowen upgraded Ormat Technologies to Strong Buy.
Analyst upgrade meets stronger results
MarketBeat reported that Ormat delivered USD 0.50 in earnings per share for the second quarter of 2026, versus a consensus estimate of USD 0.26. The USD 0.24 gap gives the rating change a measurable earnings backdrop.
Revenue reached USD 258.76 million in the second quarter of 2026, up 10.60 percent from the same period a year earlier and above the USD 240.03 million consensus estimate, according to MarketBeat.
Geothermal funding adds a second catalyst
Ormat had also been selected on September 24, 2026, for up to USD 35 million in U.S. Department of Energy funding for geothermal projects in Nevada and Utah, according to Ormat Technologies. The Dixie Valley project was selected for up to USD 25 million, while Cove Fort was selected for up to USD 9.70 million.
The funding remains subject to award negotiations, which makes the announcement a development milestone rather than booked revenue. The projects target enhanced geothermal systems and hydrothermal development, extending Ormat's core generation strategy beyond existing operations.
Next results arrive in November
GlobeNewswire reported on October 6, 2026 that Ormat plans to publish third-quarter results after the market closes on November 4, 2026, followed by a conference call on November 5, 2026.
The scheduled report will test whether the second-quarter revenue growth and earnings outperformance continued. A separate Yahoo Finance report said UBS cut its rating from Buy to Neutral on October 1, 2026 and lowered its price target from USD 157 to USD 100, highlighting a more cautious counterweight to TD Cowen.
Stock trades below prior close
Ormat Technologies was at EUR 79.55 at Lang & Schwarz on October 8, 2026 at 11:59 a.m. CEST, compared with the EUR 80.35 prior close. The company is listed on the NYSE under ticker ORA, and the finance profile classifies it in Utilities and Renewable Utilities.
The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.
Ormat Technologies stock facts
- Company: Ormat Technologies, Inc.
- ISIN: US6866881021
- Ticker: ORA
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 8, 2026, 11:59 a.m. CEST: EUR 79.55
- Change versus prior close: minus 1.00 percent
- Prior close Lang & Schwarz October 7, 2026: EUR 80.35
- Market capitalization: USD 5.5 billion as of October 7, 2026
- Sector / Industry: Utilities / Renewable Utilities
