Ormat Technologies (ORA) Price Target Raised by $3

Core Insights - Ormat Technologies, Inc. (NYSE:ORA) is recognized as one of the 11 Best Performing Energy Stocks in 2025 [1] - The company is a leading geothermal power provider and the only vertically integrated firm in geothermal and recovered energy generation, along with energy storage solutions [2] Price Target and Performance - Piper Sandler raised the price target for Ormat Technologies from $102 to $125, maintaining an 'Overweight' rating, indicating an upside potential of over 10% from the current share price [3] - The share price of Ormat Technologies has increased by over 63% this year, driven by high electricity demand due to the AI boom and efforts to renew power-purchase agreements with data center operators at favorable prices [5] Industry Context - The energy sector faced challenges in 2025 but remains focused on alternative growth avenues, with cyclical tailwinds emerging, such as the resumption of activities in Saudi Arabia and Mexico, and a bottoming land market in the US [4] - The power industry has seen significant gains across nearly every sub-sector, influenced by record electricity demand [5] Future Goals - Ormat Technologies aims to achieve a portfolio capacity target of 2.6-2.8 GW by the end of 2028, reflecting its growth strategy in the geothermal energy sector [5]