Ormat Technologies (ORA) Earns Outperform Rating After Beating Q3 Estimates and Boosting Growth Outlook

Ormat Technologies, Inc. (NYSE:ORA) ranks among the best sustainability stocks to invest in. Oppenheimer reaffirmed its Outperform rating on Ormat Technologies, Inc. (NYSE:ORA) and increased its price target to $125 from $120 on November 5. The increase follows Ormat’s better-than-expected third-quarter 2025 earnings results, which surpassed consensus estimates.

Ormat Technologies, Inc. (NYSE:ORA) outperformed expectations with an EPS of $0.41, compared to the projection of $0.38, for a 6.25% earnings surprise. Revenue was also above expectations, reaching $249.7 million versus $234.3 million.

Oppenheimer believes Ormat Technologies, Inc. (NYSE:ORA) will overcome short-term difficulties in its electricity division, which are largely related to grid limitations, costing the company approximately $20 million in fiscal year 2025. For fiscal year 2026, the firm anticipates mid-single-digit growth in generation, with additional growth in 2027–2028 as developments continue to increase.

According to the firm, Ormat’s enhanced geothermal system also provides expansion flexibility, while power purchase deal announcements with large data center clients offer a favorable near-term driver for the company.

Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company that develops, produces, and offers sustainable energy solutions.

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Disclosure: None. This article is originally published at Insider Monkey.