UBS cuts Ormat target to USD 100 for Ormat Technologies stock

Published on 10/20/2026 at 11:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its target from USD 157 to USD 100 on October 1, 2026. Ormat Technologies stock trades at EUR 76.28 on October 20, 2026.

Targets, results and dates

UBS downgraded Ormat Technologies from Buy to Neutral on October 1, 2026.
Second-quarter revenue reached USD 258.76 million, while full-year revenue guidance stood at USD 1.15 billion to USD 1.20 billion.
Ormat Technologies stock traded at EUR 76.28 at 11:05 a.m. CEST at Lang & Schwarz on October 20, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (ISIN US6866881021) traded at EUR 76.28 at Lang & Schwarz at 11:05 a.m. CEST on October 20, 2026. On October 1, 2026, Yahoo Finance reported that UBS cut its rating from Buy to Neutral and reduced its price target from USD 157 to USD 100.

Why UBS turned cautious

UBS analyst Jon Windham cited limited earnings upside through 2028 and valuation multiples in line with peers. The same report said Ormat had reduced its 2028 adjusted EBITDA run-rate guidance by 3 percent at its September 8, 2026, investor day.

The downgrade followed a weaker operating-growth outlook rather than a breakdown in current results. UBS reduced its storage-segment revenue compound annual growth forecast for 2026-2030 to 24 percent from 32 percent, while its 2027 adjusted EBITDA growth forecast fell to 9 percent from 13 percent.

What do the latest results show?

For the second quarter of 2026, Ormat reported revenue of USD 258.76 million, up 10.60 percent from the prior-year period, and adjusted earnings per share of USD 0.50 versus a USD 0.26 consensus estimate, according to MarketBeat.

In its second-quarter earnings call, Benzinga reported that Ormat raised 2026 revenue guidance to USD 1.15 billion-USD 1.20 billion and adjusted EBITDA guidance to USD 630 million-USD 650 million. The quarter also included a 195.10 percent increase in Energy Storage revenue to USD 42.80 million.

Three dates frame the stock

On August 5, 2026, Ormat reported second-quarter revenue of USD 258.76 million. On September 24, 2026, the company was selected for up to USD 35.00 million in U.S. Department of Energy funding for geothermal projects. On October 1, 2026, UBS cut its target from USD 157 to USD 100. These dated milestones connect current execution with a more cautious valuation view.

When are the next results?

StockTitan reported that Ormat plans to publish third-quarter 2026 results after the market closes on November 4, 2026. The conference call is scheduled for November 5, 2026, at 10:00 a.m. ET.

Price stays the immediate gauge

The current euro quotation puts the stock below the USD 100 UBS target on a currency basis that cannot be used for a direct percentage comparison. Ormat's operating figures remain measurable, with second-quarter revenue growth of 10.60 percent and storage revenue growth of 195.10 percent.

Ormat Technologies was trading at EUR 76.28 at Lang & Schwarz on October 20, 2026 at 11:05 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.