
Ormat Technologies (ORA) Stock Forecast & Price Target
Ormat Technologies (ORA) Analyst Ratings
Bulls say
Ormat Technologies Inc. has demonstrated a robust financial performance in Q3, reporting a revenue of $250 million that exceeded consensus estimates of $234 million, highlighting strong contributions from its Product and Energy Storage segments. The company's backlog in the Product segment surged by 12% quarter-over-quarter and 79% year-over-year, reaching $295 million, indicating a positive growth trajectory and strong demand. Additionally, Ormat has raised its revenue guidance for 2025 to a range of $960 million to $980 million, reflecting optimism regarding sustained momentum, particularly in the Product segment, which is expected to continue into 2026.
Bears say
The financial performance of Ormat Technologies Inc. indicates a negative outlook due to a year-over-year decline in electricity revenue, which totaled $167 million, falling short of both consensus and the company's forecast. Additionally, the gross margin dropped to 25.6%, significantly below consensus expectations and reflecting a weaker-than-anticipated mix of high-margin electricity sales. Despite improvements in product and storage revenues, the projected decline in electricity gross margins and the overall adjusted EBITDA decrease pose substantial concerns for the company's financial stability moving forward.
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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