RBC Capital initiates Ormat Technologies stock with outperform rating
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try{ var _=i o; . if(!_||_&&typeof _==="object"&&_.expiry Gold dips, reverses course as stronger dollar weighs amid Iran conflict Gold price surge after Iran attack could fade, Pepperstone says Dollar surges to over five-week high on U.S.-Iran escalation; euro, sterling slip Navigate shifting markets with investor-grade confidence - YEAR’S LOWEST PRICE NOW FLASH SALE (South Africa Philippines Nigeria) FLASH SALE RBC Capital initiates Ormat Technologies stock with outperform rating By Investing.com Analyst Ratings Published 03/03/2026, 03:09 AM RBC Capital initiates Ormat Technologies stock with outperform rating 0 ORA 3.33% Investing.com - RBC Capital initiated coverage on Ormat Technologies (NYSE:ORA) with an outperform rating and set a price target of $130.00, representing approximately 21% upside from the current stock price of $107.15. The target aligns with the broader analyst consensus, where price targets range from $108 to $148. Analyst Christopher Dendrinos described Ormat Technologies as a vertically integrated market leader in geothermal energy development. The firm pointed to transactions with customers including Switch and NV Energy/Google as examples of how the company provides always-on clean power to meet growing demands from hyperscalers. The company’s strong execution is reflected in its 12.5% revenue growth and a remarkable 57% stock return over the past year. According to InvestingPro analysis, which offers detailed insights on over 1,400 US stocks including comprehensive Pro Research Reports, three analysts have recently revised their earnings upwards for the upcoming period, though the stock currently appears overvalued relative to its Fair Value. RBC Capital stated the company is positioned to deliver on its longer-term targets. The firm sees an opportunity for Ormat Technologies to accelerate growth in 2028 and beyond in response to strong demand conditions. In other recent news, Ormat Technologies reported strong financial results for the fo...
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