
Ormat Technologies (ORA) Stock Forecast & Price Target
Ormat Technologies (ORA) Analyst Ratings
Bulls say
Ormat Technologies Inc. has demonstrated a positive financial outlook with a reported Q3 revenue of $250 million, exceeding both consensus expectations and internal estimates, largely due to stronger performance in its Product and Energy Storage segments. The Product segment backlog has shown significant growth, increasing 12% quarter-over-quarter and 79% year-over-year to reach $295 million, which suggests robust future demand and sales potential. Additionally, the company has raised its 2025 revenue guidance to a range of $960 million to $980 million, reflecting ongoing momentum, particularly driven by advancements in the Product segment and improved storage merchant pricing.
Bears say
Ormat Technologies Inc. is facing a negative outlook primarily due to a year-over-year decline in electricity revenue, which came in at $167 million, falling short of both consensus and company forecasts. Additionally, the gross margin of 25.6% was below expectations, reflecting a poor mix of high-margin electricity sales and projecting lower gross margins for the upcoming quarters. Moreover, management's guidance for Q4 suggests that electricity gross margins will experience a decline of approximately 200-300 basis points compared to previous high levels, raising concerns about future profitability and operational efficiency.
This aggregate rating is based on analysts' research of Ormat Technologies and is not a guaranteed prediction by Public.com or investment advice.
Ormat Technologies (ORA) Analyst Forecast & Price Prediction
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