Ormat Technologies raises 2026 guidance. Ormat Technologies stock is valued at USD 5.5 billion

Published on 10/19/2026 at 10:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ormat raised 2026 revenue guidance to USD 1.15-1.20 billion. Ormat Technologies stock costs EUR 78.80 on October 19, 2026 at a USD 5.5 billion value.

Guidance and operating scale

On October 9, 2026, Ormat raised its full-year revenue outlook to USD 1.15 billion-USD 1.20 billion.
Energy Storage revenue rose 195.1 percent to USD 42.8 million in the second quarter of 2026.
Ormat Technologies stock costs EUR 78.80 at 10:18 a.m. CEST at Lang & Schwarz on October 19, 2026.
Ormat is scheduled to report third-quarter results on November 4, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (ISIN US6866881021) raised its 2026 revenue outlook to USD 1.15 billion-USD 1.20 billion after second-quarter revenue increased 10.6 percent to USD 258.8 million. Benzinga reported the results and guidance on October 9, 2026.

Second-quarter growth broadens

The quarterly figures show why management lifted its full-year outlook. Adjusted EBITDA rose 6.9 percent to USD 143.9 million in the second quarter of 2026, while consolidated gross margin expanded by 220 basis points to 26.5 percent.

Energy Storage supplied the sharpest operating improvement. Segment revenue increased 195.1 percent to USD 42.8 million in the second quarter of 2026, and segment gross margin reached 56.2 percent. Product segment revenue moved in the opposite direction, falling 21.6 percent to USD 46.7 million as manufacturing and construction progress shifted between periods.

What does guidance mean for margins?

The guidance raise came with a more selective growth profile. Ormat expects full-year adjusted EBITDA of USD 630 million-USD 650 million, while it expects Energy Storage gross margin to normalize to 30 percent-40 percent in the second half of 2026.

The company also added 155 megawatts to its generating portfolio during the first half of 2026. The contrast between fast storage growth and lower product revenue makes execution across the three segments the central operating issue ahead of the next report.

Three dated operating milestones

On September 24, 2026, Ormat was selected for up to USD 35.00 million in U.S. Department of Energy support for geothermal projects, according to the release carried by Quiver Quant. On October 1, 2026, UBS cut its rating from Buy to Neutral and its price target from USD 157.00 to USD 100.00, as reported by Markets Insider. On October 9, 2026, Ormat raised its full-year revenue and adjusted EBITDA guidance, with the revenue range reaching USD 1.15 billion-USD 1.20 billion, according to Benzinga.

November brings the next test

MarketBeat lists November 4, 2026 as the estimated date for third-quarter results and November 5, 2026 for the conference call. The same page gives a consensus revenue estimate of USD 250.06 million for the third quarter, versus USD 249.73 million in the prior-year quarter.

Stock valuation remains the market lens

Ormat Technologies has a USD 5.5 billion market capitalization as of October 16, 2026. Its NYSE-listed shares had a USD 87.06-USD 146.39 52-week range on the same date, leaving the operating outlook and valuation debate closely linked.

Ormat Technologies stock was trading at EUR 78.80 at Lang & Schwarz on October 19, 2026 at 10:18 a.m. CEST.

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