Bernstein Reiterates Sell Rating on Ormat Technologies

Analyst Sunaina Ocalan sets a $115 target for Ormat Technologies.

Written by EarningsIQ · Published Jun 18, 2026, 3:02 AM EDT · Updated Jun 18, 2026, 6:01 AM EDT

Key Points

Bernstein reiterated its sell rating on Ormat Technologies with a $115 price target on June 17, 2026.
Ormat shares are trading at $133.96 on the NYSE, with a market cap of $7.75 billion and a P/E ratio of 60.6.
Insiders at Ormat recently purchased shares, and analysts hold mixed views with a consensus buy rating.

Bernstein has reiterated its sell rating on Ormat Technologies, Inc. (NYSE:ORA), setting a price target of $115. This assessment was made by analyst Sunaina Ocalan on June 17, 2026. The stock is currently trading at $133.96.

Ormat Technologies Stock Snapshot

Shares of NYSE:ORA are trading near $133.96. Ormat Technologies has a market cap of approximately $7.75 billion. The company's P/E ratio stands at 60.6, with a forward P/E of 51.0, indicating high investor expectations. The stock's beta is 0.848, suggesting it is less volatile than the market. Over the past year, the stock has ranged from $82.33 to $146.39, with a 50-day moving average of $125.48 and a 200-day moving average of $113.72.

Other Institutional Activity in Ormat Technologies

Several institutional investors have made changes to their holdings of Ormat Technologies. BlackRock, Inc. increased its position by 309,177 shares, bringing its total to 9,558,070 shares valued at about $1.07 billion. Vanguard Portfolio Management LLC established a new position with 2,998,146 shares worth approximately $335.55 million. Similarly, Vanguard Capital Management LLC added 2,626,378 shares, now holding shares valued at $293.95 million. Bank of New York Mellon Corp increased its holdings by 44,387 shares to a total of 2,509,400 shares, valued at $54.09 million. Meanwhile, Clal Insurance Enterprises Holdings Ltd reduced its stake by 11,804 shares, now holding 1,925,086 shares valued at $215.31 million.

Insider Buying and Selling at Ormat Technologies, Inc.

Several insiders recently purchased shares of Ormat Technologies on June 2, 2026. Among them were Barniv Ravit, Wong Byron, Corfee Karin, Granot David, Angel Isaac, and Sharir Dafna, each acquiring 899 shares, except for Isaac who bought 1,245 shares.

Analysts Set New Price Targets

On June 17, 2026, Bernstein reiterated its sell rating on Ormat Technologies with a price target of $115. Previously, on May 18, 2026, Piper Sandler maintained a buy rating with a $142 target. UBS also maintained its buy rating on May 8, 2026, with a target of $152. JP Morgan held its rating at hold with a target of $123 on the same date. The consensus recommendation for Ormat Technologies is a buy, with an average target price of $133.75 among 12 analyst opinions.

About Ormat Technologies

Ormat Technologies, Inc. is a company based in Reno, Nevada, specializing in geothermal and recovered energy power. It operates globally, including in the U.S., Indonesia, Kenya, and other countries. The company is divided into three segments: Electricity, which involves power plant operations; Product, which designs and sells energy generation equipment; and Energy Storage, which manages battery storage facilities. Led by CEO Doron Blachar, Ormat employs around 1,648 people.

Bottom Line

Bernstein's reiterated sell rating and $115 price target highlight a cautious view on Ormat Technologies despite its current trading price of $133.96. Investors keep a close watch on such analyst ratings as they can influence market perceptions. While the 13F filings and insider transactions offer insights, they are historical and may not reflect current positions.