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 12.48% upside from ORA’s last price of $75.57) 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 $97.00 to $73.00. This represents a potential 12.48% upside from ORA's last price of $75.57.
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% | 12.48% |
| May 13, 2024 | Derek Podhaizer | Barclays | $73.00 | $70.29 | 3.86% | -3.40% |
| Aug 08, 2022 | - | J.P. Morgan | $97.00 | $89.89 | 7.91% | 28.36% |
| Aug 08, 2022 | - | Oppenheimer | $97.00 | $90.72 | 6.92% | 28.36% |
| Jul 20, 2022 | - | J.P. Morgan | $80.00 | $79.63 | 0.46% | 5.86% |
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 12.48% increase from ORA last price ($75.57).
Ormat Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $85.00 | $79.00 |
| Last Closing Price | $75.57 | $75.57 | $75.57 |
| Upside/Downside | -100.00% | 12.48% | 4.54% |
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 $75.57. This month's average price target is down -100.00% 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 | Jul 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 | - | $183.71M | $190.99M | $158.84M | $146.90M | $166.35M | $179.38M | $158.95M | $174.90M | $192.11M | $192.44M | $170.50M |
| Avg Forecast | $327.32M | $278.71M | $291.06M | $298.00M | $287.92M | $231.74M | $240.54M | $239.06M | $238.62M | $216.79M | $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 | $349.50M | $297.59M | $310.79M | $318.20M | $307.42M | $247.45M | $256.84M | $255.26M | $254.79M | $222.18M | $228.57M | $228.98M | $242.22M | $216.57M | $210.08M | $227.36M | $212.84M | $178.50M | $164.61M | $178.39M | $185.09M | $164.77M | $151.24M | $170.68M | $185.84M | $165.73M | $171.41M | $189.99M | $187.46M | $173.93M |
| Low Forecast | $319.50M | $272.05M | $284.11M | $290.88M | $281.04M | $226.21M | $234.79M | $233.35M | $232.92M | $208.95M | $208.95M | $209.33M | $237.10M | $203.06M | $192.04M | $207.85M | $194.57M | $163.17M | $164.61M | $173.10M | $179.60M | $159.88M | $146.76M | $165.62M | $180.33M | $160.81M | $166.33M | $184.36M | $181.90M | $168.78M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 0.99% | 0.87% | 1.03% | 1.05% | - | 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.57M | $24.22M | $67.64M | $69.50M | $101.62M | - | $55.03M | $79.47M | $88.01M | $79.36M | $79.38M | $102.50M | $93.61M | $92.50M | $98.41M | $93.08M | $83.30M |
| Avg Forecast | $111.12M | $94.61M | $98.81M | $101.17M | $97.74M | $78.67M | $81.66M | $81.16M | $81.01M | $73.60M | $72.67M | $111.15M | $81.38M | $70.75M | $66.79M | $101.04M | $67.67M | $69.70M | $55.88M | $91.86M | $50.33M | $63.37M | $71.80M | $68.65M | $87.43M | $79.74M | $75.46M | $98.41M | $128.89M | $93.10M |
| High Forecast | $118.65M | $101.03M | $105.51M | $108.02M | $104.36M | $84.00M | $87.19M | $86.66M | $86.49M | $75.42M | $77.59M | $133.37M | $82.23M | $73.52M | $71.32M | $121.25M | $72.25M | $83.64M | $55.88M | $110.23M | $60.40M | $76.04M | $86.16M | $82.39M | $104.92M | $95.69M | $90.56M | $118.09M | $154.66M | $111.73M |
| Low Forecast | $108.46M | $92.35M | $96.45M | $98.75M | $95.41M | $76.79M | $79.71M | $79.22M | $79.07M | $70.93M | $70.93M | $88.92M | $80.49M | $68.93M | $65.19M | $80.83M | $66.05M | $55.76M | $55.88M | $73.48M | $40.26M | $50.69M | $57.44M | $54.92M | $69.94M | $63.79M | $60.37M | $78.72M | $103.11M | $74.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.53% | 0.36% | 0.67% | 1.03% | 1.46% | - | 0.60% | 1.58% | 1.39% | 1.11% | 1.16% | 1.17% | 1.17% | 1.23% | 1.00% | 0.72% | 0.89% |
3 analysts predict ORA's average Quarter EBITDA for Dec 23 to be $81.38M, with a high of $82.23M and a low of $80.49M. This is 116.61% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $35.45M | $24.19M | $29.03M | $18.04M | $18.11M | - | $18.43M | $26.69M | $14.90M | $13.03M | $15.26M | $20.70M | $15.68M | $23.05M | $26.03M | $12.61M | $15.61M |
| Avg Forecast | $57.51M | $37.83M | $34.78M | $48.24M | $55.07M | $33.36M | $31.69M | $41.05M | $34.09M | $24.05M | $23.49M | $20.95M | $34.57M | $23.04M | $23.63M | $19.04M | $28.43M | $11.80M | $12.45M | $17.31M | $11.97M | $10.73M | $11.79M | $13.20M | $17.65M | $13.36M | $18.80M | $26.03M | $17.45M | $17.44M |
| High Forecast | $62.58M | $41.16M | $37.84M | $52.49M | $59.92M | $36.30M | $34.49M | $44.67M | $37.09M | $27.66M | $25.56M | $25.14M | $40.60M | $31.54M | $25.71M | $22.85M | $30.94M | $14.16M | $12.45M | $20.78M | $14.37M | $12.88M | $14.14M | $15.84M | $21.19M | $16.03M | $22.56M | $31.24M | $20.95M | $20.93M |
| Low Forecast | $55.73M | $36.65M | $33.70M | $46.74M | $53.36M | $32.33M | $30.71M | $39.78M | $33.03M | $21.04M | $22.76M | $16.76M | $29.63M | $13.34M | $22.89M | $15.24M | $27.55M | $9.44M | $12.45M | $13.85M | $9.58M | $8.58M | $9.43M | $10.56M | $14.12M | $10.68M | $15.04M | $20.83M | $13.96M | $13.95M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 1.02% | 1.52% | 0.63% | 1.53% | - | 1.06% | 2.23% | 1.39% | 1.11% | 1.16% | 1.17% | 1.17% | 1.23% | 1.00% | 0.72% | 0.89% |
Ormat's average Quarter net income forecast for Dec 23 is $34.57M, with a range of $29.63M to $40.60M. ORA's average Quarter net income forecast represents a -2.50% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.73M | $23.18M | $21.61M | $17.90M | $20.15M | - | $21.94M | $19.77M | $26.23M | $22.23M | $22.88M | $20.73M | $18.61M | $16.14M | $19.14M | $18.16M | $15.71M |
| Avg Forecast | $36.05M | $30.70M | $32.06M | $32.82M | $31.71M | $25.53M | $26.49M | $26.33M | $26.28M | $23.88M | $23.58M | $24.94M | $26.40M | $22.95M | $21.67M | $22.67M | $21.96M | $20.77M | $18.13M | $20.61M | $12.52M | $18.88M | $20.11M | $19.79M | $17.68M | $15.86M | $13.17M | $19.14M | $25.14M | $17.56M |
| High Forecast | $38.50M | $32.78M | $34.23M | $35.05M | $33.86M | $27.26M | $28.29M | $28.12M | $28.06M | $24.47M | $25.18M | $29.92M | $26.68M | $23.85M | $23.14M | $27.20M | $23.44M | $24.92M | $18.13M | $24.73M | $15.02M | $22.66M | $24.13M | $23.75M | $21.22M | $19.03M | $15.80M | $22.97M | $30.17M | $21.08M |
| Low Forecast | $35.19M | $29.96M | $31.29M | $32.04M | $30.95M | $24.92M | $25.86M | $25.70M | $25.65M | $23.02M | $23.02M | $19.95M | $26.12M | $22.37M | $21.15M | $18.13M | $21.43M | $16.62M | $18.13M | $16.49M | $10.01M | $15.11M | $16.09M | $15.83M | $14.15M | $12.69M | $10.53M | $15.31M | $20.11M | $14.05M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 1.07% | 0.95% | 0.82% | 0.97% | - | 1.06% | 1.58% | 1.39% | 1.11% | 1.16% | 1.17% | 1.17% | 1.23% | 1.00% | 0.72% | 0.89% |
Ormat's average Quarter SG&A projection for Dec 23 is $26.40M, based on 3 Wall Street analysts, with a range of $26.12M to $26.68M. The forecast indicates a 41.00% 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 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 5 | 4 | 1 | 3 | 5 | 4 | 4 | 3 | 3 | 1 | 1 | 2 | 2 | 2 | 8 | 5 | 5 | 10 | 7 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.59 | $0.40 | $0.51 | $0.32 | $0.32 | - | $0.33 | $0.48 | $0.27 | $0.23 | $0.27 | $0.39 | $0.31 | $0.45 | $0.51 | $0.25 | $0.31 |
| Avg Forecast | $0.95 | $0.62 | $0.57 | $0.79 | $0.91 | $0.55 | $0.52 | $0.68 | $0.56 | $0.40 | $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 | $1.03 | $0.68 | $0.62 | $0.86 | $0.99 | $0.60 | $0.57 | $0.74 | $0.61 | $0.46 | $0.42 | $0.67 | $0.67 | $0.52 | $0.42 | $0.54 | $0.51 | $0.28 | $0.21 | $0.34 | $0.30 | $0.19 | $0.26 | $0.41 | $0.35 | $0.28 | $0.37 | $0.51 | $0.52 | $0.33 |
| Low Forecast | $0.92 | $0.60 | $0.55 | $0.77 | $0.88 | $0.53 | $0.51 | $0.65 | $0.54 | $0.35 | $0.37 | $0.59 | $0.49 | $0.22 | $0.38 | $0.48 | $0.45 | $0.25 | $0.21 | $0.32 | $0.29 | $0.19 | $0.25 | $0.40 | $0.33 | $0.27 | $0.36 | $0.49 | $0.50 | $0.32 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.56% | 1.03% | 1.03% | 0.68% | 1.26% | - | 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 |
|---|---|---|---|---|---|
| AMPS | Altus Power | $3.41 | $8.50 | 149.27% | Buy |
| NEP | NextEra Energy Partners, LP | $26.34 | $52.63 | 99.81% | Hold |
| BEP | Brookfield Renewable Partners | $26.31 | $37.12 | 41.09% | Buy |
| RNW | ReNew Energy Global | $6.45 | $9.00 | 39.53% | Buy |
| ENLT | Enlight Renewable Energy | $15.15 | $20.00 | 32.01% | - |
| FLNC | Fluence Energy | $21.95 | $26.73 | 21.78% | Buy |
| CWEN | Clearway Energy | $29.36 | $35.00 | 19.21% | Buy |
| AY | Atlantica Sustainable Infrastructure | $21.87 | $25.40 | 16.14% | Hold |
| ORA | Ormat | $75.57 | $85.00 | 12.48% | Buy |
| EE | Excelerate Energy | $20.68 | $20.00 | -3.29% | Buy |
ORA Forecast FAQ
Is Ormat a good buy?
Yes, according to 3 Wall Street analysts, Ormat (ORA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 66.67% of ORA's total ratings.
What is ORA's price target?
Ormat (ORA) average price target is $85 with a range of $73 to $97, implying a 12.48% from its last price of $75.57. The data is based on 3 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Ormat stock go up soon?
According to Wall Street analysts' prediction for ORA stock, the company can go up by 12.48% (from the last price of $75.57 to the average price target of $85), up by 28.36% based on the highest stock price target, and down by -3.40% based on the lowest stock price target.
Can Ormat stock reach $110?
ORA's average twelve months analyst stock price target of $85 does not support the claim that Ormat can reach $110 in the near future.
What are Ormat's analysts' financial forecasts?
Ormat's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $999.26M (high $1.07B, low $975.38M), average EBITDA is $339.23M (high $362.21M, low $331.12M), average net income is $161.18M (high $175.37M, low $156.17M), average SG&A $110.06M (high $117.52M, low $107.43M), and average EPS is $2.65 (high $2.89, low $2.57). ORA's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.2B (high $1.28B, low $1.17B), average EBITDA is $405.71M (high $433.2M, low $396.01M), average net income is $178.36M (high $194.07M, low $172.82M), average SG&A $131.63M (high $140.55M, low $128.49M), and average EPS is $2.94 (high $3.19, low $2.84).
Did the ORA's actual financial results beat the analysts' financial forecasts?
Based on Ormat's last annual report (Dec 2022), the company's revenue was $734.16M, beating the average analysts forecast of $706.61M by 3.90%. Apple's EBITDA was $222.87M, missing the average prediction of $285.11M by -21.83%. The company's net income was $65.84M, missing the average estimation of $70M by -5.94%. Apple's SG&A was $77.47M, missing the average forecast of $81.46M by -4.91%. Lastly, the company's EPS was $1.17, missing the average prediction of $1.26 by -6.84%. In terms of the last quarterly report (Sep 2023), Ormat's revenue was $208.06M, missing the average analysts' forecast of $208.39M by -0.16%. The company's EBITDA was $37.57M, missing the average prediction of $70.75M by -46.90%. Ormat's net income was $35.45M, beating the average estimation of $23.04M by 53.84%. The company's SG&A was $18.73M, missing the average forecast of $22.95M by -18.42%. Lastly, the company's EPS was $0.59, beating the average prediction of $0.379 by 55.55%