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Ormat Technologies (ORA) has an average rating of overweight and mean price target of $133.75, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
US geothermal energy company Ormat Technologies (ORA) has designed what it says is a "revolutionary" power generation unit that makes use of geothermal heat, it said on Monday.Its Ormega100 design delivers higher energy output than other binary systems on the market and offers the company "an accelerated opportunity" to commercialize and scale its enhanced geothermal developments, it said.The company said the technology's development would enable it to do more in a power market that is seeing rapid growth in demand, creating "an opportunity unlike any we have seen before," CEO Doron Blachar was quoted as saying in the statement.In an interview with Reuters, Blachar said the design would make it the largest geothermal power production system of its kind, producing twice as much as the company's current largest system and that the design was now at the testing stage, with interest among data center developers.The company entered into a deal in the last year for long-term supply of geothermal energy to Google, the Reuters article said.It explained that the Ormega100 would inject water 1.5 miles into the ground to capture heat, much deeper than conventional geothermal systems.
Ofer Benyosef, Executive Vice President, Energy Storage & Business Development, on May 13, 2026, sold 9,429 shares in Ormat Technologies (ORA) for $1,235,388.SEC Filing:https://www.sec.gov/Archives/edgar/data/1296445/000143774926017473/xslF345X05/rdgdoc.xml
Assi Ginzburg, Chief Financial Officer, on May 14, 2026, sold 17,776 shares in Ormat Technologies (ORA) for $2,395,233. Following the Form 4 filing with the SEC, Ginzburg has control over a total of 1,970 common shares of the company, with 1,970 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1296445/000143774926017471/xslF345X05/rdgdoc.xml
Ormat Technologies (ORA) has an average rating of overweight and mean price target of $133.18, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $120.85, Change: $-1.58, Percent Change: -1.29%
Ormat Technologies (ORA), a renewable energy and storage solutions provider, on Wednesday reported year-over-year increases in Q1 revenues across all segments due to improved operating performance.The electricity segment posted a 0.8% rise in Q1 revenue to $181.6 million, with higher contributions from Blue Mountain geothermal power plant, and better generation performance at the Olkaria and Stillwater facilities.Revenue generated from the energy storage segment showed a 153.1% jump to $44.9 million, due to capacity expansion and high asset availability, the company said.The product segment recorded a 458.4% surge in revenue to $177.4 million following the sale of Topp 2 geothermal power plant.As of May 6, product segment backlog stood at around $239 million, including two contracts signed so far this year, worth $56 million.The company also said that it has secured 270 megawatts of new power purchase agreements in the US, including the 67-MW deal for a new solar-plus-storage in Nevada and supply deals with Alphabet's (GOOG) Google and data center operator Switch.For the full year of 2026, Ormat expects the electricity segment to generate $715 million to $730 million in revenue, and projects product segment sales to range from $300 million to $320 million. The energy storage segment is estimated to contribute between $95 million and $110 million.
