TD Cowen upgrades Ormat Technologies stock to strong buy

Published on 10/13/2026 at 10:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit USD 258.76 million in the second quarter, up 10.60 percent year over year. Ormat Technologies stock costs EUR 81.50 on October 13, 2026.

Key points in brief

TD Cowen upgraded Ormat Technologies to strong buy on October 6, 2026.
Second-quarter revenue rose 10.60 percent year over year to USD 258.76 million.
Energy storage revenue increased 195.10 percent to USD 42.80 million in the second quarter.
Ormat Technologies stock was at EUR 81.50 at Lang & Schwarz on October 13, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

TD Cowen upgraded Ormat Technologies stock to strong buy on October 6, 2026, while the shares were at EUR 81.50 at Lang & Schwarz on October 13, 2026. The rating change follows a second-quarter revenue increase of 10.60 percent and a sharp expansion in energy storage.

Three dated operating signals

On August 5, 2026, Ormat reported second-quarter revenue of USD 258.76 million, up 10.60 percent from the prior-year period, according to Benzinga. Adjusted earnings per share reached USD 0.50 versus USD 0.26 consensus, a USD 0.24 difference.

On September 24, 2026, GlobeNewswire reported USD 35.00 million of U.S. Department of Energy funding for Ormat geothermal projects. The company said its generating portfolio totaled 1,850 megawatts, including 495 megawatts of energy storage.

On October 6, 2026, Ormat announced that third-quarter results would be released after the market close on November 4, 2026, followed by a conference call on November 5, 2026. The company said its portfolio included 1,850 megawatts of generating capacity in the release from Ormat Technologies.

What drove the upgrade?

MarketBeat reported that TD Cowen raised its rating to strong buy on October 6, 2026. The broader analyst consensus remained Moderate Buy, with seven Buy ratings, six Hold ratings and one Strong Buy rating, alongside an average target of USD 130.75.

The operating detail supports the change in emphasis. Energy storage revenue rose 195.10 percent year over year to USD 42.80 million in the second quarter, while adjusted EBITDA increased 6.90 percent to USD 143.90 million. Management also raised full-year revenue guidance to USD 1.15 billion to USD 1.20 billion and adjusted EBITDA guidance to USD 630.00 million to USD 650.00 million.

Next dates and valuation context

The next scheduled company event is the third-quarter results release on November 4, 2026, followed by the conference call on November 5, 2026, at 10:00 a.m. ET, according to Ormat Technologies. That calendar gives investors a defined checkpoint for testing whether storage growth and the raised guidance remain intact.

Ormat Technologies had a market capitalization of USD 5.6 billion as of October 12, 2026. Its primary-exchange 52-week range was USD 87.06 to USD 146.39, placing the latest U.S. reference quote near the lower end of that span.

Stock price and trading dates

Ormat Technologies was trading at EUR 81.50 at Lang & Schwarz on October 13, 2026 at 10:46 a.m. CEST. The primary exchange is the NYSE, where the finance quote was USD 91.69 at October 12, 2026 at 4:00 p.m. ET.

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