Ormat Technologies, Inc. (ORA)
NYSE: ORA · IEX Real-Time Price · USD
63.11
-0.67 (-1.05%)
Apr 26, 2024, 4:00 PM EDT - Market closed
Ormat Technologies Stock Forecast
Stock Price Forecast
The 5 analysts with 12-month price forecasts for Ormat Technologies stock have an average target of 83.4, with a low estimate of 75 and a high estimate of 92. The average target predicts an increase of 32.15% from the current stock price of 63.11.
Analyst Consensus: Buy
* Price targets were last updated on Feb 5, 2024.
Analyst Ratings
The average analyst rating for ORA stock from 5 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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 2 | 2 | 2 | 1 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 3 | 3 | 3 | 3 | 3 | 3 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 6 | 6 | 6 | 6 | 6 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Barclays | Barclays | Hold Maintains $82 → $75 | Hold | Maintains | $82 → $75 | +18.84% | Feb 5, 2024 |
| Oppenheimer | Oppenheimer | Buy Maintains $84 → $83 | Buy | Maintains | $84 → $83 | +31.52% | Jan 19, 2024 |
| JP Morgan | JP Morgan | Hold Maintains $89 → $79 | Hold | Maintains | $89 → $79 | +25.18% | Oct 19, 2023 |
| Oppenheimer | Oppenheimer | Buy Maintains $96 → $84 | Buy | Maintains | $96 → $84 | +33.10% | Oct 12, 2023 |
| Roth MKM | Roth MKM | Hold → Strong Buy Upgrades $92 | Hold → Strong Buy | Upgrades | $92 | +45.78% | Aug 7, 2023 |
Financial Forecast
Revenue This Year
897.08M
from 829.42M
Increased by 8.16%
Revenue Next Year
984.60M
from 897.08M
Increased by 9.76%
EPS This Year
2.15
from 2.08
Increased by 3.33%
EPS Next Year
2.45
from 2.15
Increased by 14.19%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 954.6M | 1.1B | 1.2B |
| Avg | 897.1M | 984.6M | 1.1B |
| Low | 857.6M | 883.7M | 1.1B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 15.1% | 21.5% | 23.3% |
| Avg | 8.2% | 9.8% | 16.4% |
| Low | 3.4% | -1.5% | 10.8% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 2.59 | 2.94 | 3.16 |
| Avg | 2.15 | 2.45 | 2.96 |
| Low | 1.78 | 1.96 | 2.80 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 24.7% | 36.8% | 28.8% |
| Avg | 3.3% | 14.2% | 20.8% |
| Low | -14.2% | -8.8% | 14.2% |
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.