Ormat Technologies (ORA) Price Target Raised Following Strong Q1

Ormat Technologies, Inc. (NYSE:ORA) is included among the 10 Best Clean Energy Stocks to Buy Right Now.

Ormat Technologies (ORA) Price Target Raised Following Strong Q1

Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, as well as energy storage solutions.

On May 11, Roth Capital increased its price target on Ormat Technologies, Inc. (NYSE:ORA) from $130 to $135, while maintaining a ‘Buy’ rating on the shares. The raised target represents an upside potential of almost 3% from the current share price.

The analyst firm highlighted Ormat Technologies, Inc. (NYSE:ORA)’s strong Q1 results, with the company comfortably beating forecasts in both profits and revenue. Ormat posted a record first-quarter revenue, delivering 75.8% YoY growth, alongside strong expansion in operating income and adjusted EBITDA. The geothermal company’s Product and Energy Storage segments significantly exceeded expectations, but were partially offset by the softer performance of the Electricity segment.

Ormat Technologies, Inc. (NYSE:ORA) reaffirmed its FY 2026 guidance and expects revenue to range between $1.11 billion and $1.16 billion, indicating a growth of 14.6% at the midpoint. Adjusted EBITDA for the year is targeted at between $615 million and $645 million, reflecting an increase of approximately 8.2% at the midpoint.

While we acknowledge the risk and potential of ORA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ORA and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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