Robert W. Baird Cuts Ormat Technologies (NYSE:ORA) Price Target to $130.00

Ormat Technologies (NYSE:ORA) had its target price trimmed by Robert W. Baird from $143.00 to $130.00 in a research report released on Friday,Benzinga reports. The brokerage currently has an outperform rating on the energy company’s stock.

A number of other equities research analysts also recently issued reports on the stock. Barclays reduced their price target on shares of Ormat Technologies from $118.00 to $108.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Jefferies Financial Group cut Ormat Technologies from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $125.00 to $130.00 in a report on Friday, February 13th. Piper Sandler boosted their target price on Ormat Technologies from $102.00 to $125.00 and gave the stock an “overweight” rating in a research report on Thursday, December 18th. Citigroup raised their price target on Ormat Technologies from $110.00 to $128.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ormat Technologies in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Ormat Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Ormat Technologies Price Performance

Shares of NYSE ORA opened at $103.68 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.75 and a current ratio of 0.81. Ormat Technologies has a one year low of $64.39 and a one year high of $132.58. The firm has a market capitalization of $6.30 billion, a P/E ratio of 51.58, a PEG ratio of 4.21 and a beta of 0.84. The company’s fifty day moving average is $118.47 and its two-hundred day moving average is $108.35.

Ormat Technologies (NYSE:ORA) last announced its quarterly earnings results on Wednesday, February 25th. The energy company reported $0.67 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.67. Ormat Technologies had a net margin of 12.52% and a return on equity of 5.21%. The business had revenue of $276.04 million during the quarter, compared to the consensus estimate of $257.75 million. During the same quarter last year, the firm posted $0.67 EPS. The business’s revenue was up 19.6% compared to the same quarter last year. Analysts forecast that Ormat Technologies will post 1.94 EPS for the current fiscal year.

Ormat Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Tuesday, March 10th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, March 10th. Ormat Technologies’s payout ratio is currently 23.88%.

Institutional Trading of Ormat Technologies

Hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Ormat Technologies by 324.1% in the 1st quarter. AQR Capital Management LLC now owns 24,918 shares of the energy company’s stock valued at $1,740,000 after acquiring an additional 19,043 shares during the last quarter. United Services Automobile Association acquired a new position in Ormat Technologies in the first quarter valued at $243,000. Empowered Funds LLC increased its stake in Ormat Technologies by 7.3% in the first quarter. Empowered Funds LLC now owns 4,201 shares of the energy company’s stock valued at $297,000 after purchasing an additional 286 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in Ormat Technologies by 22.8% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 234,467 shares of the energy company’s stock worth $16,593,000 after buying an additional 43,483 shares during the period. Finally, Intech Investment Management LLC boosted its stake in Ormat Technologies by 10.5% in the 1st quarter. Intech Investment Management LLC now owns 24,592 shares of the energy company’s stock worth $1,740,000 after buying an additional 2,329 shares during the last quarter. Institutional investors and hedge funds own 95.49% of the company’s stock.

More Ormat Technologies News

Here are the key news stories impacting Ormat Technologies this week:

• Positive Sentiment: Q4 results: Revenue rose 19.6% to $276.0M and beat estimates; EPS met consensus. Management issued 2026 revenue guidance of up to $1.16B (about 14.6% growth), which supports topline momentum and longer‑term growth expectations. Zacks: ORA Q4 Earnings Meet Estimates
• Positive Sentiment: Company is expanding its PPA (power purchase agreement) portfolio and investing in EGS (enhanced geothermal systems), initiatives management flagged as drivers of mid‑term revenue growth. Seeking Alpha: Ormat expects 14.6% revenue growth
• Neutral Sentiment: Management released the earnings slide deck and call materials (presentation and transcript available), useful for investors assessing segment dynamics and project pipeline. Earnings Presentation Earnings Transcript
• Neutral Sentiment: Board declared a modest quarterly dividend of $0.12 per share (ex‑dividend March 10), which is income‑supportive but small relative to total return expectations.
• Negative Sentiment: Analysts trimmed price targets: Robert W. Baird cut its target from $143 to $130 (still Outperform) and TD Cowen trimmed its target from $131 to $125 (still Buy). Those reductions can sap near‑term upside and trigger selling. Benzinga: Baird PT Cut
• Negative Sentiment: Coverage and commentary on recent share‑price volatility and valuation have raised investor caution — ORA carries a high P/E and investors may be taking profits after the run, amplifying downward pressure. Yahoo Finance: Valuation After Volatility

About Ormat Technologies

Ormat Technologies, Inc is a leading renewable energy company specializing in geothermal and recovered energy power plants. Through its vertically integrated business model, Ormat designs, develops, engineers, constructs, owns and operates clean energy projects worldwide. The company’s core technology centers on the Organic Rankine Cycle (ORC), which converts heat from geothermal sources or industrial waste streams into sustainable electricity without combustion.

Ormat’s offering includes turnkey power plant solutions, proprietary ORC equipment and ongoing operations and maintenance services.