How Ormat's (ORA) Stable Base and Storage Growth Support UBS's Bullish View

Ormat Technologies, Inc. (NYSE:ORA) is one of the 10 Best Renewable Energy Stocks to Buy Now. As of March 8, 2026, Wall Street’s consensus view on Ormat Technologies was moderately positive. The stock carried a “Moderate Buy” consensus rating from 12 analysts, with an average price target of $129.09, implying roughly 18.6% upside from its recent trading price. The published target range ran from $111 to $143.

On March 3, 2026, UBS analyst Jon Windham lowered his price target on Ormat Technologies to $143 from $148 while maintaining a Buy rating. UBS said Ormat offers an attractive mix of stable cash flow from its existing project base, along with incremental upside from power purchase agreement repricing opportunities and expanding energy storage growth.

The company has seen more favorable analyst activity in recent days. Days before UBS’ report, RBC Capital initiated coverage on Ormat with an Outperform rating and a $130 price target, and Barclays raised its price target to $123 from $108 while maintaining an Overweight rating.

Ormat Technologies, Inc. (NYSE:ORA) is a renewable energy company focused on geothermal power, recovered energy, and energy storage. The company says it develops, builds, owns, and operates geothermal power plants globally.

While we acknowledge the potential of ORA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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