Key Highlights:
- Ormat Technologies (ORA, Financial) reports a 2.5% increase in revenue, driven primarily by growth in storage and product segments.
- The company acquires Blue Mountain geothermal plant for $88 million and plans to enhance its capacity by 2026.
- Wall Street analysts offer an average price target with significant upside potential from the current levels.
Ormat Technologies Begins 2025 with Growth Momentum
Ormat Technologies (ORA) launched into 2025 with encouraging results, showcasing a 2.5% rise in revenue to reach $229.8 million. This growth was fueled by strong performances in its storage and product divisions. A strategic move by Ormat was the acquisition of the Blue Mountain geothermal plant for $88 million, a step that aligns with its expansion goals, as it aims to augment the plant's capacity by 2026. Despite facing challenges in the electricity segment, Ormat foresees its total 2025 revenues will range between $935 million and $975 million, with a notable surge anticipated in the energy storage division.
Insight from Wall Street Analysts
Wall Street analysts have provided a one-year price target for Ormat Technologies Inc (ORA, Financial) with an average target of $84.00, a high forecast of $100.00, and a low of $76.00. This average target suggests a 13.35% upside potential from the current stock price of $74.11. Investors seeking more detailed estimates can find them on the Ormat Technologies Inc (ORA) Forecast page.
Additionally, the consensus recommendation from 10 brokerage firms rates Ormat Technologies Inc (ORA, Financial) at an average of 2.4, classifying it as "Outperform." The rating system ranges from 1 (Strong Buy) to 5 (Sell), indicating a positive sentiment from analysts towards the company's future performance.
GF Value and Investment Potential
According to GuruFocus estimates, the expected GF Value for Ormat Technologies Inc (ORA, Financial) in the next year is $94.46, implying a significant 27.46% upside from the current price of $74.11. The GF Value represents GuruFocus' estimation of the stock's fair value, calculated from historical trading multiples, past business growth, and projected future performance. Investors looking for further insights can visit the Ormat Technologies Inc (ORA) Summary page.
