Ormat Q2 Profit Crushes Estimates, Raises 2026 Guidance on Energy Storage Surge
ORA sits 21% above its 52-week low of $84.13.
Summary
Ormat delivered a strong Q2 beat with adjusted EPS of $0.50, nearly double the $0.26 consensus, driven by energy storage revenue nearly tripling year-over-year. Revenue of $258.76M also topped estimates by $18M. The company raised full-year 2026 revenue guidance to $1.15B-$1.2B and adjusted EBITDA to $630M-$650M, signaling confidence in continued momentum. Energy storage benefited from favorable merchant pricing in PJM and new capacity, while the electricity segment gained from acquisitions and improved plant performance. This follows a record Q1 and a $1B convertible notes offering in May, underscoring a transformative growth phase. The stock, recently at $102, trades at 41x forward earnings with a median analyst target of $135.
At the time of this announcement, ORA was trading at $102.10 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $6B. The 52-week trading range was $84.13 to $146.39. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.