Ormat (ORA) Stock Forecast, Price Target & Predictions
ORA Stock Forecast
Ormat stock forecast is as follows: an average price target of $85.00 (represents a 25.29% upside from ORA’s last price of $67.84) and a rating consensus of 'Buy', based on 3 wall street analysts offering a 1-year stock forecast.
ORA Price Target
The average price target for Ormat (ORA) is $85.00 based on 1-year price targets from 3 Wall Street analysts in the past 3 months, with a price target range of $85.00 to $85.00. This represents a potential 25.29% upside from ORA's last price of $67.84.
ORA Analyst Ratings
According to 3 Wall Street analysts, Ormat's rating consensus is 'Buy'. The analyst rating breakdown for ORA stock is 0 'Strong Buy' (0.00%), 2 'Buy' (66.67%), 1 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Ormat Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jun 21, 2024 | Noah Kaye | Oppenheimer | $85.00 | $70.90 | 19.89% | 25.29% |
| May 13, 2024 | Derek Podhaizer | Barclays | $73.00 | $70.29 | 3.86% | 7.61% |
| Aug 08, 2022 | J.P. Morgan | $97.00 | $89.89 | 7.91% | 42.98% | |
| Aug 08, 2022 | Oppenheimer | $97.00 | $90.72 | 6.92% | 42.98% | |
| Jul 20, 2022 | J.P. Morgan | $80.00 | $79.63 | 0.46% | 17.92% |
The latest Ormat stock forecast, released on Jun 21, 2024 by Noah Kaye from Oppenheimer, set a price target of $85.00, which represents a 19.89% increase from the stock price at the time of the forecast ($70.90), and a 25.29% increase from ORA last price ($67.84).
Ormat Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $79.00 |
| Last Closing Price | $67.84 | $67.84 | $67.84 |
| Upside/Downside | -100.00% | -100.00% | 16.45% |
In the current month, the average price target of Ormat stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ormat's last price of $67.84. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 08, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Jun 21, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| May 13, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Mar 01, 2023 | UBS | Buy | Upgrade | |
| Aug 08, 2022 | Oppenheimer | Outperform | Outperform | Hold |
| Feb 25, 2022 | Oppenheimer | Outperform | Outperform | Hold |
Ormat's last stock rating was published by Oppenheimer on Aug 08, 2024. The company gave ORA a "Outperform" rating, the same as its previous rate.
Ormat Financial Forecast
Ormat Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $208.06M | $194.80M | $185.23M | $205.49M | $175.88M | $169.08M | $183.71M | $190.99M | $158.84M | $146.90M | $166.35M | $179.38M | $158.95M | $174.90M | $192.11M | $192.44M | $170.50M |
| Avg Forecast | $320.07M | $285.91M | $309.52M | $295.46M | $281.22M | $235.31M | $242.60M | $240.20M | $236.45M | $215.53M | $214.07M | $214.45M | $239.71M | $208.39M | $196.74M | $212.93M | $199.33M | $167.17M | $164.61M | $175.49M | $182.08M | $162.09M | $148.79M | $167.90M | $182.82M | $163.03M | $168.63M | $186.91M | $184.41M | $171.11M |
| High Forecast | $329.24M | $294.11M | $318.39M | $303.92M | $289.29M | $242.05M | $249.55M | $246.98M | $237.86M | $216.16M | $214.07M | $214.45M | $242.22M | $216.57M | $202.38M | $219.04M | $205.05M | $167.17M | $164.61M | $175.49M | $182.08M | $162.09M | $148.79M | $167.90M | $182.82M | $163.03M | $168.63M | $186.91M | $184.41M | $171.11M |
| Low Forecast | $311.21M | $278.00M | $300.95M | $287.28M | $273.44M | $228.80M | $235.88M | $233.42M | $235.53M | $214.90M | $214.07M | $214.45M | $237.10M | $203.06M | $191.30M | $207.04M | $193.82M | $167.17M | $164.61M | $175.49M | $182.08M | $162.09M | $148.79M | $167.90M | $182.82M | $163.03M | $168.63M | $186.91M | $184.41M | $171.11M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 0.87% | 1.03% | 1.05% | 1.03% | 1.05% | 1.05% | 0.98% | 0.99% | 0.99% | 0.98% | 0.97% | 1.04% | 1.03% | 1.04% | 1.00% |
Ormat's average Quarter revenue forecast for Dec 23 based on 3 analysts is $239.71M, with a low forecast of $237.10M, and a high forecast of $242.22M. ORA's average Quarter revenue forecast represents a 15.21% increase compared to the company's last Quarter revenue of $208.06M (Sep 23).
Ormat EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.57M | $24.22M | $67.64M | $69.50M | $101.62M | $96.08M | $55.03M | $79.47M | $88.01M | $79.36M | $79.38M | $102.50M | $93.61M | $92.50M | $98.41M | $93.08M | $83.30M |
| Avg Forecast | $157.93M | $141.07M | $152.72M | $145.78M | $138.76M | $116.11M | $119.70M | $118.52M | $116.67M | $106.35M | $105.62M | $111.15M | $118.28M | $102.83M | $97.08M | $101.04M | $55.36M | $56.75M | $55.88M | $91.86M | $61.81M | $55.03M | $50.51M | $68.65M | $62.06M | $55.35M | $57.25M | $98.41M | $62.60M | $58.09M |
| High Forecast | $162.45M | $145.12M | $157.10M | $149.96M | $142.74M | $119.43M | $123.13M | $121.86M | $117.37M | $106.66M | $105.62M | $133.37M | $119.52M | $106.86M | $99.86M | $121.25M | $66.44M | $56.75M | $55.88M | $110.23M | $61.81M | $55.03M | $50.51M | $82.39M | $62.06M | $55.35M | $57.25M | $118.09M | $62.60M | $58.09M |
| Low Forecast | $153.55M | $137.17M | $148.50M | $141.75M | $134.92M | $112.89M | $116.39M | $115.17M | $116.21M | $106.04M | $105.62M | $88.92M | $116.99M | $100.19M | $94.39M | $80.83M | $44.29M | $56.75M | $55.88M | $73.48M | $61.81M | $55.03M | $50.51M | $54.92M | $62.06M | $55.35M | $57.25M | $78.72M | $62.60M | $58.09M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 0.25% | 0.67% | 1.26% | 1.79% | 1.72% | 0.60% | 1.29% | 1.60% | 1.57% | 1.16% | 1.65% | 1.69% | 1.62% | 1.00% | 1.49% | 1.43% |
3 analysts predict ORA's average Quarter EBITDA for Dec 23 to be $118.28M, with a high of $119.52M and a low of $116.99M. This is 214.84% upper than Ormat's previous annual EBITDA (Sep 23) of $37.57M.
Ormat Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.45M | $24.19M | $29.03M | $18.04M | $18.11M | $16.51M | $18.43M | $26.69M | $14.90M | $13.03M | $15.26M | $20.70M | $15.68M | $23.05M | $26.03M | $12.61M | $15.61M |
| Avg Forecast | $50.68M | $34.12M | $41.89M | $50.13M | $43.51M | $26.94M | $31.43M | $37.44M | $31.16M | $18.92M | $23.50M | $20.95M | $34.57M | $23.05M | $23.63M | $19.04M | $13.17M | $15.41M | $12.50M | $17.31M | $17.97M | $11.46M | $15.31M | $13.20M | $20.65M | $16.72M | $22.18M | $26.03M | $30.86M | $19.89M |
| High Forecast | $52.57M | $35.40M | $43.45M | $52.00M | $45.13M | $27.95M | $32.61M | $38.98M | $40.64M | $19.63M | $23.51M | $25.14M | $40.61M | $31.54M | $24.51M | $22.85M | $15.80M | $15.41M | $12.50M | $20.78M | $17.97M | $11.46M | $15.31M | $15.84M | $20.65M | $16.72M | $22.18M | $31.24M | $30.86M | $19.89M |
| Low Forecast | $48.86M | $32.90M | $40.38M | $48.33M | $41.94M | $25.97M | $30.30M | $35.90M | $16.93M | $18.24M | $23.49M | $16.76M | $29.64M | $13.35M | $22.78M | $15.24M | $10.54M | $15.41M | $12.50M | $13.85M | $17.97M | $11.46M | $15.31M | $10.56M | $20.65M | $16.72M | $22.18M | $20.83M | $30.86M | $19.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 1.02% | 1.52% | 1.37% | 1.17% | 1.32% | 1.06% | 1.49% | 1.30% | 0.85% | 1.16% | 1.00% | 0.94% | 1.04% | 1.00% | 0.41% | 0.78% |
Ormat's average Quarter net income forecast for Dec 23 is $34.57M, with a range of $29.64M to $40.61M. ORA's average Quarter net income forecast represents a -2.48% decrease compared to the company's last Quarter net income of $35.45M (Sep 23).
Ormat SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.73M | $23.18M | $21.61M | $17.90M | $20.15M | $17.48M | $21.94M | $19.77M | $26.23M | $22.23M | $22.88M | $20.73M | $18.61M | $16.14M | $19.14M | $18.16M | $15.71M |
| Avg Forecast | $35.35M | $31.58M | $34.18M | $32.63M | $31.06M | $25.99M | $26.79M | $26.53M | $26.11M | $23.80M | $23.64M | $24.94M | $26.47M | $23.02M | $21.73M | $22.67M | $13.77M | $18.41M | $18.13M | $20.61M | $20.05M | $17.85M | $16.39M | $19.79M | $20.14M | $17.96M | $18.57M | $19.14M | $20.31M | $18.85M |
| High Forecast | $36.36M | $32.48M | $35.16M | $33.57M | $31.95M | $26.73M | $27.56M | $27.28M | $26.27M | $23.87M | $23.64M | $29.92M | $26.75M | $23.92M | $22.35M | $27.20M | $16.52M | $18.41M | $18.13M | $24.73M | $20.05M | $17.85M | $16.39M | $23.75M | $20.14M | $17.96M | $18.57M | $22.97M | $20.31M | $18.85M |
| Low Forecast | $34.37M | $30.70M | $33.24M | $31.73M | $30.20M | $25.27M | $26.05M | $25.78M | $26.01M | $23.73M | $23.64M | $19.95M | $26.19M | $22.43M | $21.13M | $18.13M | $11.02M | $18.41M | $18.13M | $16.49M | $20.05M | $17.85M | $16.39M | $15.83M | $20.14M | $17.96M | $18.57M | $15.31M | $20.31M | $18.85M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.81% | 1.07% | 0.95% | 1.30% | 1.09% | 0.96% | 1.06% | 0.99% | 1.47% | 1.36% | 1.16% | 1.03% | 1.04% | 0.87% | 1.00% | 0.89% | 0.83% |
Ormat's average Quarter SG&A projection for Dec 23 is $26.47M, based on 3 Wall Street analysts, with a range of $26.19M to $26.75M. The forecast indicates a 41.38% rise compared to ORA last annual SG&A of $18.73M (Sep 23).
Ormat EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 4 | 2 | 1 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.59 | $0.40 | $0.51 | $0.32 | $0.32 | $0.29 | $0.33 | $0.48 | $0.27 | $0.23 | $0.27 | $0.39 | $0.31 | $0.45 | $0.51 | $0.25 | $0.31 |
| Avg Forecast | $0.83 | $0.56 | $0.69 | $0.82 | $0.72 | $0.44 | $0.52 | $0.62 | $0.51 | $0.31 | $0.39 | $0.61 | $0.57 | $0.38 | $0.39 | $0.49 | $0.47 | $0.25 | $0.21 | $0.33 | $0.30 | $0.19 | $0.25 | $0.41 | $0.34 | $0.28 | $0.37 | $0.50 | $0.51 | $0.33 |
| High Forecast | $0.87 | $0.58 | $0.72 | $0.86 | $0.74 | $0.46 | $0.54 | $0.64 | $0.67 | $0.32 | $0.39 | $0.62 | $0.67 | $0.52 | $0.40 | $0.51 | $0.49 | $0.25 | $0.21 | $0.33 | $0.30 | $0.19 | $0.25 | $0.41 | $0.34 | $0.28 | $0.37 | $0.50 | $0.51 | $0.33 |
| Low Forecast | $0.80 | $0.54 | $0.66 | $0.80 | $0.69 | $0.43 | $0.50 | $0.59 | $0.28 | $0.30 | $0.39 | $0.60 | $0.49 | $0.22 | $0.37 | $0.48 | $0.45 | $0.25 | $0.21 | $0.33 | $0.30 | $0.19 | $0.25 | $0.41 | $0.34 | $0.28 | $0.37 | $0.50 | $0.51 | $0.33 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.56% | 1.03% | 1.03% | 0.68% | 1.26% | 1.41% | 1.00% | 1.62% | 1.43% | 0.91% | 0.66% | 1.15% | 1.13% | 1.23% | 1.02% | 0.49% | 0.95% |
According to 3 Wall Street analysts, Ormat's projected average Quarter EPS for Dec 23 is $0.57, with a low estimate of $0.49 and a high estimate of $0.67. This represents a -3.57% decrease compared to ORA previous annual EPS of $0.59 (Sep 23).
Ormat Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FLNC | Fluence Energy | $17.04 | $26.30 | 54.34% | Buy |
| CWEN | Clearway Energy | $26.10 | $35.50 | 36.02% | Buy |
| RNW | ReNew Energy Global | $7.04 | $9.00 | 27.84% | Hold |
| BEP | Brookfield Renewable Partners | $23.51 | $29.67 | 26.20% | Buy |
| ENLT | Enlight Renewable Energy | $16.37 | $20.00 | 22.17% | |
| ORA | Ormat | $71.47 | $85.00 | 18.93% | Buy |
| AMPS | Altus Power | $3.81 | $4.50 | 18.11% | Buy |
| AY | Atlantica Sustainable Infrastructure | $21.99 | $25.40 | 15.51% | Hold |
| NEP | NextEra Energy Partners, LP | $26.34 | $27.17 | 3.15% | Hold |
| EE | Excelerate Energy | $30.77 | $20.00 | -35.00% | Buy |