Ormat Technologies (ORA) Earns Outperform Rating After Beating Q3 Estimates and Boosting Growth Outlook

Core Insights - Ormat Technologies, Inc. (NYSE:ORA) is recognized as one of the top sustainability stocks, with Oppenheimer reaffirming its Outperform rating and raising the price target to $125 from $120 following strong Q3 2025 earnings results [1][2] Financial Performance - Ormat reported an EPS of $0.41, exceeding the projected $0.38, resulting in a 6.25% earnings surprise. Revenue reached $249.7 million, surpassing expectations of $234.3 million [2] Growth Outlook - Oppenheimer anticipates that Ormat will navigate short-term challenges in its electricity division, which are primarily due to grid limitations, costing the company around $20 million in fiscal year 2025. For fiscal year 2026, mid-single-digit growth in generation is expected, with further growth anticipated in 2027-2028 as developments progress [3] Strategic Advantages - Ormat's enhanced geothermal system offers expansion flexibility, and recent power purchase agreements with large data center clients are seen as favorable near-term growth drivers for the company [4]