Bernstein Upgrades Ormat Technologies (ORA) to Market Perform from Underperform

Fintel reports that on September 4, 2026, Bernstein upgraded their outlook for Ormat Technologies (NYSE:ORA) from Underperform to Market Perform.

This rating action follows Bernstein's prior action on June 17, 2026, when the firm initiated coverage on the company with an Underperform rating. Other analyst firms have also recently maintained their ratings for Ormat Technologies. On August 10, 2026, Barclays maintained an Overweight rating on the stock. Additionally, Oppenheimer maintained an Outperform rating on August 7, 2026.

Ormat Technologies, Inc., based in the United States, primarily operates within the renewable energy sector, specializing in geothermal and recovered energy power. The company provides vertically integrated solutions, ranging from project development and design to construction and operations, with notable projects including the Bouillante geothermal plant in Guadeloupe. On August 5, 2026, the company reported its latest earnings with an actual EPS of 0.5, compared to the estimated EPS of 0.2646, which represents an earnings surprise of +88.96%. The actual revenue was reported at $258,764,000,000,000.00, compared to the estimated revenue of $242,738,814,000,000.00.

Prior to the rating action, the stock closed at $104.19 on September 3, 2026. This latest close of $104.19 represents a one-week price change of -0.71% from the baseline close of $104.93 on August 27, 2026, and a one-month price change of +6.29% from the baseline close of $98.02 on August 3, 2026. As of August 27, 2026, the current consensus target mean was $136.49, and the median target was $132.60, with a current consensus target implied change of +31.01%. The prior consensus target mean was $137.51 as of August 4, 2026, reflecting a consensus target revision of -0.74%.

The broader analyst sentiment during the current recommendation period as of September 1, 2026, shows a total of 17 recommendations, consisting of 3 strong buy, 8 buy, 5 hold, 0 sell, and 1 strong sell ratings. This distribution represents a positive percentage of 64.7%, a hold percentage of 29.4%, and a negative percentage of 5.9%. These figures are identical to the prior recommendation period on August 1, 2026, which also recorded 17 total recommendations with 3 strong buy, 8 buy, 5 hold, 0 sell, and 1 strong sell ratings.

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This story originally appeared on Fintel.