JPMorgan cuts Ormat Technologies target to USD 98 for Ormat Technologies stock

Published on 10/26/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan cut its target to USD 98 on October 19, 2026. Ormat Technologies stock costs EUR 77.80 on October 26, 2026 before November 4 results.

Target cut and quarterly dates

JPMorgan lowered its Ormat target to USD 98 on October 19, 2026.
Second-quarter revenue reached USD 258.76 million for the period ended June 30, 2026.
Ormat Technologies stock traded at EUR 77.80 at 9:42 a.m. CET at Lang & Schwarz on October 26, 2026.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies (ISIN US6866881021) was trading at EUR 77.80 at Lang & Schwarz on October 26, 2026 at 9:42 a.m. CET. The latest analyst catalyst was JPMorgan's target cut from USD 131 to USD 98 on October 19, 2026, as reported by Markets Insider.

Why JPMorgan lowered its target

JPMorgan maintained a Neutral rating while reducing the target by USD 33. The note linked the change to a third-quarter earnings preview and cited possible order growth pressure from uncertainty around Section 232 tariffs, according to Markets Insider.

Revenue rose 10.60 percent

Ormat's second-quarter revenue was USD 258.76 million for the period ended June 30, 2026, up 10.60 percent from USD 234.02 million a year earlier. Net income was USD 27.09 million, compared with USD 28.05 million in the prior-year quarter, while earnings per share reached USD 0.50 against a consensus estimate of USD 0.26, according to MarketBeat. The revenue growth gives the target-cut debate a concrete operating counterpoint.

Three dates frame the stock

Ormat reported second-quarter results on August 5, 2026, with revenue of USD 258.76 million. UBS downgraded the stock from Buy to Neutral and cut its target from USD 157 to USD 100 on October 1, 2026. JPMorgan then lowered its target from USD 131 to USD 98 on October 19, 2026, according to Markets Insider and Markets Insider.

What comes next for Ormat

Ormat is scheduled to announce third-quarter 2026 financial results on November 4, 2026, after the market close, according to Benzinga. That report will give investors a fresh test of revenue growth and the order pipeline cited in the analyst debate.

Stock price and upcoming results

At Lang & Schwarz, Ormat Technologies stock was trading at EUR 77.80 on October 26, 2026 at 9:42 a.m. CET. The scheduled November 4 results are the next dated company event.

The further course of trading is shown by the continuously updated real-time quote of Ormat Technologies stock.