Ormat Technologies (ORA)
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-09-04
$105.45+1.21%
Close 2026-09-04 · 1-day change
NYSEUtilitiesRenewable UtilitiesSnapshot 2026-09-04
Intact: The reason to own it still holds.
Ormat grows revenue to about $1.14 billion in 2026. Energy Storage sales rose 153% in Q1. The company keeps paying a $0.12 quarterly dividend. EGS technology advances could boost future growth.
Revenue growth may slow below 0.2% next year. The recent guidance cut shows risks. Energy Storage growth may not continue at current rates.
The price is about 13% above our fair value near $98. Analysts expect almost no revenue growth. Our fair value is 31% below the Street median.
Breaks if: Dividend falls below $0.12 per share quarterly
Breaks if: EGS strategy progress stalls or reverses
Energy Storage revenue growth falls below 100% YoY in Q1 2026
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
ORA represents a durable compounder, focusing on growth in energy storage and geothermal systems. The current thesis state is intact, with recent financial performance remaining strong despite sector headwinds.
The valuation appears stretched compared to peers, reflecting a durable premium. The market seems to expect continued strong performance, but there is a notable expectations gap.
Management has shown stable execution in expanding energy storage revenue, which has grown significantly. However, there are mixed results in advancing geothermal systems and securing long-term Power Purchase Agreements, indicating some uncertainty.
Key factors for ORA include the potential for the Federal Reserve to cut interest rates, which could benefit utilities. Additionally, the performance of sector peers like CWEN-A and CWEN will be important for maintaining momentum.
The most important moves since the prior daily snapshot.
Yes, our read has strengthened. The latest earnings beat supports a positive outlook. The company raised guidance and is advancing its Enhanced Geothermal Systems strategy. This indicates strong growth in the energy storage segment.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Revenue falls below $960 million in FY26
In the next 1-3 years, ORA's performance will depend on its ability to navigate sector challenges and execute on its strategic priorities. Not investment advice.