Analyst Price Target is $92.83
▲ +14.64% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Ormat Technologies in the last 3 months. The average price target is $92.83, with a high forecast of $105.00 and a low forecast of $84.00. The average price target represents a 14.64% upside from the last price of $80.98.
Current Consensus is
The current consensus among 7 investment analysts is to hold stock in Ormat Technologies. This rating has held steady since July 2022, when it changed from a Buy consensus rating.
Ormat Technologies, Inc. operates as a holding company. The firm engages in the geothermal and recovered energy power businesses. It operates through the following segments: Electricity, Product and Energy Storage. The Electricity segment focuses on the sale of electricity from the company's power plants pursuant to power purchase agreements. The Product segment involves the manufacture, including design and development, of turbines and power units for the supply of electrical energy and in the associated construction of power plants utilizing the power units manufactured by the company to supply energy from geothermal fields and other alternative energy sources. The Energy Storage segment consists of battery energy storage systems as a service and management of curtailable customer loads under contracts with U.S. retail energy providers and directly with large commercial and industrial customers. The company was founded in 1965 and is headquartered in Reno, NV.