Ormat Technologies jumps as investors digest sharply higher Q1 revenue and EBITDA

Ormat Technologies, Inc. (ORA) is up 7.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move higher appears tied to Ormat’s first-quarter 2026 earnings release, which highlighted a large year-over-year revenue increase and a sizable rise in adjusted EBITDA. Investors may also be responding to management’s discussion of improved segment mix (notably energy storage and products), solid backlog commentary, and prior financing actions that extended the company’s maturity profile.

Details:

Ormat reported Q1 2026 total revenue of $403.9 million, up 75.8% year over year, alongside adjusted EBITDA of $194.9 million, up 29.7%.

The company said EBITDA growth was supported by energy storage contributions, elevated merchant pricing, and product segment growth (including revenue contribution from “Topp 2”).

Ormat disclosed product segment backlog of about $239 million as of May 6, 2026, including new contracts signed since the start of 2026 totaling $56 million.

In an earlier filing and related materials, Ormat detailed completion of a $1.0 billion convertible senior notes offering (Series A and Series B) in March 2026, which it framed as funding flexibility for general corporate purposes and refinancing actions.

Sources:

GlobeNewswire, U.S. Securities and Exchange Commission, Ormat Investor Relations

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$ORA Insider Trading Activity

$ORA insiders have traded $ORA stock on the open market 12 times in the past 6 months. Of those trades, 0 have been purchases and 12 have been sales.

Here’s a breakdown of recent trading of $ORA stock by insiders over the last 6 months:

ASSI GINZBURG (Chief Financial Officer) sold 20,000 shares for an estimated $2,254,500
ISAAC ANGEL sold 18,018 shares for an estimated $2,025,668
JESSICA WOELFEL (GC, CCO, and CS) has made 0 purchases and 8 sales selling 8,380 shares for an estimated $910,079.
RAVIT BARNIV sold 1,753 shares for an estimated $197,282
OFER BENYOSEF (EVP, Energy Storage & BD) sold 511 shares for an estimated $57,896

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$ORA Hedge Fund Activity

We have seen 195 institutional investors add shares of $ORA stock to their portfolio, and 177 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

IMPAX ASSET MANAGEMENT GROUP PLC removed 1,086,369 shares (-61.6%) from their portfolio in Q4 2025, for an estimated $120,011,183
AMUNDI removed 590,007 shares (-55.0%) from their portfolio in Q4 2025, for an estimated $65,178,073
MIGDAL INSURANCE & FINANCIAL HOLDINGS LTD. added 540,000 shares (+155.8%) to their portfolio in Q4 2025, for an estimated $59,653,800
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 453,415 shares (-75.4%) from their portfolio in Q4 2025, for an estimated $50,088,755
ZURCHER KANTONALBANK (ZURICH CANTONALBANK) added 358,655 shares (+825.8%) to their portfolio in Q4 2025, for an estimated $39,620,617
JPMORGAN CHASE & CO removed 350,211 shares (-68.8%) from their portfolio in Q4 2025, for an estimated $38,687,809
WELLINGTON MANAGEMENT GROUP LLP added 336,847 shares (+inf%) to their portfolio in Q4 2025, for an estimated $37,211,488

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$ORA Analyst Ratings

Wall Street analysts have issued reports on $ORA in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/15/2026
TD Cowen issued a "Buy" rating on 01/09/2026

To track analyst ratings and price targets for $ORA, check out Quiver Quantitative's $ORA forecast page.

$ORA Price Targets

Multiple analysts have issued price targets for $ORA recently. We have seen 10 analysts offer price targets for $ORA in the last 6 months, with a median target of $130.0.

Here are some recent targets:

Mark Strouse from JP Morgan set a target price of $106.0 on 04/16/2026
Christopher Dendrinos from RBC Capital set a target price of $130.0 on 03/03/2026
Jon Windham from UBS set a target price of $143.0 on 03/03/2026
David Anderson from Barclays set a target price of $123.0 on 03/02/2026
Ben Kallo from Baird set a target price of $130.0 on 02/27/2026
Ryan Levine from Citigroup set a target price of $128.0 on 02/18/2026
Julien Dumoulin-Smith from Jefferies set a target price of $130.0 on 02/13/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.