Jefferies upgraded Ormat Tech from Hold to Buy and set a new price target of $78.00 from $73.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/6/2025 | Equal Weight → Overweight | Barclays | |
| 3/13/2025 | $81.00 | Neutral | Robert W. Baird |
| 2/20/2025 | $73.00 → $78.00 | Hold → Buy | Jefferies |
| 1/10/2025 | $73.00 | Hold | Jefferies |
| 12/19/2024 | $78.00 | Neutral | Piper Sandler |
| 5/10/2024 | $70.00 → $76.00 | Hold | TD Cowen |
| 2/23/2024 | $74.00 → $70.00 | Market Perform | TD Cowen |
| 8/7/2023 | $92.00 | Neutral → Buy | ROTH MKM |
Barclays upgraded Ormat Tech from Equal Weight to Overweight
Robert W. Baird initiated coverage of Ormat Tech with a rating of Neutral and set a new price target of $81.00
Jefferies upgraded Ormat Tech from Hold to Buy and set a new price target of $78.00 from $73.00 previously
ACQUISITION INCREASES ORMAT'S ELECTRICTY SEGMENT GENERATING PORTFOLIO TO 1,268MW POTENTIAL TO UNLOCK ADDITIONAL VALUE THROUGH EXPECTED PPA RENEWAL AND ASSET UPGRADES RENO, Nev., June 18, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA), (the "Company" or "Ormat"), a leading geothermal and renewable energy company, announced today that it has closed its previously disclosed acquisition of the Blue Mountain geothermal power plant from Cyrq Energy. Under the agreement, Ormat paid $88 million for 100% of the equity interest in the 20MW power plant. The Blue Mountain geothermal power plant is located in Nevada and was originally built with Ormat technology. The 20mw geothermal pla
ORMAT EXPANDS MANAGEMENT TEAM TO SUPPORT ELECTRICITY SEGMENT GROWTH AND EGS INITIATIVESARON WILLIS APPOINTED EXECUTIVE VICE PRESIDENT, ELECTRICITY SEGMENTDANIEL MOELK APPOINTED SENIOR VICE PRESIDENT, RESOURCES, DRILLING, & EGS RENO, Nev., June 05, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) (the "Company" or "Ormat"), a leading geothermal and renewable energy company, is pleased to announce the appointment of two distinguished executives to its senior management team. These strategic appointments are poised to propel the next phase of the Company's growth and enhance its operational excellence within the renewable energy sector. Aron Willis Appointed Executive Vice Presi
RENO, Nev., May 27, 2025 (GLOBE NEWSWIRE) -- Ormat Technologies, Inc. (NYSE:ORA) (the "Company" or "Ormat"), a leading geothermal and renewable energy company, today announced the signing of a $62 million Hybrid Tax Equity partnership with Morgan Stanley Renewables, Inc. The partnership's transaction covers the Lower Rio 60MW/120MWh storage facility and the Arrowleaf 35MW/140MWh storage and 42MW solar projects, which are expected to achieve COD by the end of 2025. "This Hybrid Tax Equity partnership is the first of its kind for our Energy Storage portfolio and highlights the innovative efforts we are taking to optimize the projects' economics and the Company's profitability to ensure that