Ormat Technologies, Inc. (ORA)
NYSE: ORA · IEX Real-Time Price · USD
69.28
+0.08 (0.12%)
Jul 2, 2024, 4:00 PM EDT - Market closed
Ormat Technologies Stock Forecast
Stock Price Forecast
The 6 analysts with 12-month price forecasts for Ormat Technologies stock have an average target of 84.17, with a low estimate of 73 and a high estimate of 100. The average target predicts an increase of 21.49% from the current stock price of 69.28.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for ORA stock from 6 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 2 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 4 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 7 | 6 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Oppenheimer | Oppenheimer | Buy Maintains $83 → $85 | Buy | Maintains | $83 → $85 | +22.69% | Jun 21, 2024 |
| UBS | UBS | Strong Buy Maintains $95 → $100 | Strong Buy | Maintains | $95 → $100 | +44.34% | May 14, 2024 |
| Barclays | Barclays | Hold Maintains $75 → $73 | Hold | Maintains | $75 → $73 | +5.37% | May 13, 2024 |
| TD Cowen | TD Cowen | Hold Maintains $70 → $76 | Hold | Maintains | $70 → $76 | +9.70% | May 10, 2024 |
| Barclays | Barclays | Hold Maintains $82 → $75 | Hold | Maintains | $82 → $75 | +8.26% | Feb 5, 2024 |
Financial Forecast
Revenue This Year
901.32M
from 829.42M
Increased by 8.67%
Revenue Next Year
991.51M
from 901.32M
Increased by 10.01%
EPS This Year
2.05
from 2.08
Decreased by -1.23%
EPS Next Year
2.49
from 2.05
Increased by 21.44%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 998.8M | 1.1B | 1.2B |
| Avg | 901.3M | 991.5M | 1.1B |
| Low | 857.6M | 913.7M | 1.0B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 20.4% | 21.3% | 25.4% |
| Avg | 8.7% | 10.0% | 14.4% |
| Low | 3.4% | 1.4% | 2.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.38 | 3.11 | 3.41 |
| Avg | 2.05 | 2.49 | 3.10 |
| Low | 1.73 | 2.00 | 2.89 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 14.6% | 51.3% | 36.8% |
| Avg | -1.2% | 21.4% | 24.2% |
| Low | -16.6% | -2.7% | 16.0% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.