Ormat Technologies stock: Piper Sandler cuts price target
Published on 11/14/2026 at 11:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalysts Reassess Ormat Outlook
- Piper Sandler kept an Overweight rating while cutting its price target on November 9.
- Ormat is developing two Israeli storage projects with planned commercial operation in 2028.
- The company holds equal ownership in the projects with Allied Infrastructure.
Piper Sandler cut its price target for Ormat Technologies on Monday, November 9, while keeping an Overweight rating. The move was listed by Benzinga among the week's analyst actions.
Target Cut Keeps Rating Positive
Piper Sandler lowered its target from 142 to 120 US dollars. Benzinga also listed target reductions by Barclays and Oppenheimer on Friday, November 6, and a target increase by JPMorgan on the same day. The analyst actions point to a more differentiated view of Ormat's prospects rather than a uniform change in rating.
Storage Adds A Longer-Term Driver
Ormat said on February 13, 2025, that it had won two separate 15-year tolling agreements from the Israeli Electricity Authority for energy-storage facilities. The projects are expected to combine approximately 300 megawatts and 1,200 megawatt-hours of capacity, with commercial operation targeted for 2028.
The company is developing the facilities with Allied Infrastructure on an equal ownership basis. Interconnection arrangements and land-use permits were still required before construction, while the agreements included an option to move from tolling to merchant-market participation. Ormat's company announcement described the contracts as its first major entry into Israel's utility-scale energy-storage market.
Saturday Quote And Investor Context
Ormat Technologies stock last traded at 82.05 euros on Lang & Schwarz at 11:54:53 CET on Saturday, November 14. The quote is shown without a directional comparison because the relevant dated weekly closing prices were not available in the reviewed market record.
Ormat Technologies Company Facts
- Company: Ormat Technologies, Inc.
- ISIN: US6866881021
- Ticker: ORA
- Primary exchange: New York Stock Exchange
- Latest quote: 82.05 euros on Lang & Schwarz, November 14, 2026, 11:54:53 CET
US renewable-energy and utility stocks remained part of the broader market conversation during the week. See the current market reports.
