Piper Sandler upgraded Ormat Technologies Inc (ORA) to Overweight from Neutral on September 16, 2025. The current price stands at $108.33.
The upgrade reflects a more optimistic view on Ormat's prospects, potentially indicating improved fundamentals or enhanced confidence in the company's strategic direction. Ormat Technologies, headquartered in Reno, Nevada, operates as a holding company in the utilities sector, employing 1,512 full-time staff. The company specializes in geothermal and recovered energy power plants, boasting a gross capacity of approximately 3,400 megawatts (MW).
As of November 20, 2025, Ormat's market capitalization is $6.6 billion, with a price-to-earnings (P/E) ratio of 49.67 and an earnings per share (EPS) of 2.19. The company offers a dividend yield of 44.0%. Upcoming earnings are scheduled for August 4, 2026, with an EPS estimate of $0.43 and revenue estimate of $266.2 million.
Analyst consensus indicates 4 Strong Buy, 6 Buy, and 4 Hold ratings, with no Sell or Strong Sell ratings, reflecting a general positive outlook.
This update provides insight into the evolving analyst sentiment surrounding Ormat Technologies as it continues to navigate the energy sector.