Ormat Technologies (NYSE:ORA) shares rose 3.0% in pre-market trading to $105.02 ahead of the geothermal and renewable energy company’s quarterly dividend payment and following its increased full-year revenue guidance.
Ormat’s board declared a quarterly dividend of $0.12 per share, payable on September 2, 2026, to shareholders of record as of August 19.
As the record date has already passed, investors purchasing shares in Tuesday’s pre-market session would not qualify for the September 2 dividend based on the information provided. The supplied information therefore does not establish the upcoming payment as a direct cause of Tuesday’s share-price increase.
Ormat raises full-year revenue outlook
During its August earnings cycle, Ormat increased its full-year 2026 revenue guidance to between $1.15 billion and $1.20 billion.
The revised outlook reflected performance across the company’s electricity, product and energy storage businesses.
Several Wall Street firms, including Barclays, Oppenheimer, RBC Capital and Jefferies, maintained “Buy” or “Overweight” ratings on Ormat during August, according to the supplied information. Some firms also reduced their price targets following the company’s second-quarter results.
Analyst ratings and price targets represent the respective firms’ assessments and do not indicate future share-price performance.
Citi highlights elevated implied volatility
Citi recently identified Ormat among utility stocks displaying elevated 30-day implied volatility as the third quarter of 2026 approaches its end.
The firm also highlighted California utilities and independent power producers amid uncertainty surrounding data centre energy policy.
Elevated implied volatility indicates that options markets are pricing larger potential share-price movements over the relevant period, but it does not predict the direction of those movements.
Shares gain as broader U.S. market declines
Ormat’s pre-market advance came as broader U.S. equity markets traded lower. The S&P 500 declined 0.4%, while the Nasdaq fell 0.9%.
Ormat shares have traded within a 52-week range of $89.08 to $146.39.
With no new company-specific announcement identified in the supplied information, the reason for Tuesday’s 3.0% pre-market increase cannot be definitively established. The move follows the company’s increased 2026 revenue guidance and a series of analyst rating updates during August.
Ormat Technologies stock price
