Ormat Technologies stock gains from storage growth and higher guidance

Published on 11/06/2026 at 18:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Ormat Technologies stock follows stronger third-quarter results as energy storage revenue surged and management lifted its 2026 outlook. EGS expansion adds a longer-term growth angle.

Storage Growth Expands Ormat's Outlook

Third-quarter revenue rose as energy storage more than doubled year over year.
Management raised the midpoints of its 2026 revenue and Adjusted EBITDA guidance ranges.
Ormat expanded its enhanced geothermal systems pipeline while advancing pilot projects and a planned commercial development.

Ormat Technologies, US6866881021, Illustration mit AI erstellt.

Ormat Technologies reported stronger third-quarter results on Wednesday, November 4, 2026, as energy storage growth offset weaker electricity revenue. The company also raised the midpoints of its 2026 revenue and Adjusted EBITDA guidance, according to the Ormat Technologies release carried by Yahoo Finance.

Storage Leads Third-Quarter Growth

Revenue increased 10.2 percent year over year to 275.1 million US dollars for the quarter ended September 30. Energy storage revenue climbed 145.2 percent to 49.9 million US dollars, supported by new capacity, high asset availability and favorable merchant pricing in the PJM market.

Net income attributable to stockholders rose 32.2 percent to 31.9 million US dollars, while Adjusted EBITDA increased 11.1 percent to 153.8 million US dollars. Electricity revenue declined 2.1 percent after lower generation at the Puna plant following a hurricane-related forced outage.

Guidance Midpoints Move Higher

Ormat now expects 2026 revenue of 1.17 billion to 1.20 billion US dollars and Adjusted EBITDA of 640 million to 650 million US dollars. Energy storage revenue is projected at 160 million to 170 million US dollars, compared with a 700 million to 710 million US dollar range for electricity revenue.

The company said its enhanced geothermal systems land position has expanded to approximately 170,000 acres, with potential for 5 to 6 gigawatts of future development. Two pilot programs with SLB and Sage are advancing, while drilling is expected to begin in late 2026 or early 2027. Ormat is also negotiating power purchase agreements for its planned Dixie Valley commercial project.

Share Price and Investor Context

Ormat Technologies stock traded at 82.38 euros on Lang & Schwarz at 18:13 CET on Friday, November 6, 2026. The real-time quote of Ormat Technologies stock provides the latest trading view.