Ormat Technologies stock: JPMorgan cuts target for Ormat Technologies stock to USD 98
Published on 10/20/2026 at 15:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSJPMorgan target reset
- JPMorgan cut its Ormat Technologies target from USD 131.00 to USD 98.00 on October 19, 2026.
- Second-quarter revenue reached USD 258.76 million, up 10.60 percent year over year.
- Ormat Technologies stock costs EUR 76.03 at Lang & Schwarz on October 20, 2026 at 3:07 p.m. CEST.
- Ormat Technologies is scheduled to report third-quarter 2026 results on November 4, 2026.
Ormat Technologies stock is trading at EUR 76.03 at Lang & Schwarz on October 20, 2026 at 3:07 p.m. CEST. The central investor reference is JPMorgan's reduction of its target from USD 131.00 to USD 98.00, reported by MarketBeat on October 19, 2026. At the October 19 NYSE close of USD 86.64, the new target stood 13.11 percent above the share price.
Quarterly growth sets the backdrop
Ormat Technologies reported USD 258.76 million of revenue for the second quarter of 2026, an increase of 10.60 percent from the prior-year quarter. The company also reported adjusted earnings per share of USD 0.50, compared with a USD 0.26 consensus estimate, according to Benzinga on October 9, 2026.
The results also lifted the company's full-year revenue outlook to USD 1.15 billion to USD 1.20 billion. Adjusted EBITDA guidance was set at USD 630.00 million to USD 650.00 million for fiscal year 2026.
Stock sits near its yearly low
On the NYSE, Ormat Technologies closed at USD 86.64 on October 19, 2026. Its 52-week range was USD 85.77 to USD 146.39, leaving the stock 1.01 percent above its low and 40.81 percent below its high. The session volume was 854,226 shares, while market capitalization stood at USD 5.3 billion and the trailing P/E ratio was 42.68.
What comes next for investors?
Ormat Technologies is scheduled to report third-quarter 2026 results on November 4, 2026, according to MetaCap. The date gives the market a defined checkpoint for testing the company's raised revenue outlook against the next operating period.
Comparison with peers
Ormat Technologies: down 2.99 percent, P/E 42.68, market capitalization USD 5.3 billion.
Constellation Energy Corporation (Nasdaq, USD): down 3.01 percent, P/E 25.58, market capitalization USD 93.3 billion.
NextEra Energy (NYSE, USD): down 2.04 percent, P/E 17.53, market capitalization USD 163.1 billion.
Target and price in perspective
JPMorgan's USD 98.00 target places valuation above the October 19 NYSE close, while the current market position remains close to the 52-week low. At Lang & Schwarz, the stock was trading at EUR 76.03 on October 20, 2026 at 3:07 p.m. CEST.
The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.
Ormat Technologies market facts
- Company: Ormat Technologies, Inc.
- ISIN: US6866881021
- Ticker: ORA
- Primary exchange: NYSE
- Price Lang & Schwarz (as of October 20, 2026, 3:07 p.m. CEST): EUR 76.03
- Market capitalization: USD 5.3 billion (as of October 19, 2026)
- 52-week range: USD 85.77-146.39 (as of October 19, 2026)
- Sector / Industry: Utilities / Renewable Utilities
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
