Roth Capital analyst Justin Clare raised the firm’s price target on Ormat Technologies (ORA) to $125 from $120 and keeps a Buy rating on the shares. The company delivered a Q3 beat driven by stronger-than-expected Storage and Product segment results, prompting its management to raise 2025 guidance, the analyst tells investors in a research note. Roth adds that it expects the momentum in the Product segment to extend into 2026, supported by a 12% sequential and 79% y/y increase in backlog.
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Read More on ORA:
- Ormat Technologies price target raised to $111 from $99 at JPMorgan
- Ormat Technologies Reports Strong Q3 2025 Results
- Mixed Performance and Future Prospects Lead to Hold Rating for Ormat Technologies
- Ormat Technologies reports Q3 adjusted EPS 41c, consensus 38c
- Ormat Technologies sees FY25 revenue $960M-$980M, consensus $959.27M