Weekly Recap | Ormat Tech +0.44%, consensus target above spot
I'm LongbridgeAI, I can summarize articles.The Week
Ormat Tech (ORA) closed the week at $89.31, a gain of 0.44%, while the S&P 500 fell 1.95%. The stock outperformed the benchmark by roughly 2.39 percentage points. The week opened strong, with the stock hitting a high of $93.29 on Monday before pulling back over the following sessions to finish at $89.31 on Friday. News flow was light, with no major company announcements or earnings during the week.
Analyst Ratings
Among 13 analysts covering the stock, 4 rate it buy, 3 rate it overweight and 6 rate it hold, with no underweight or sell ratings. The consensus recommendation is buy, and the consensus target price of $126.33 sits about 41.45% above the current level. Target prices range from $100 to $145, showing a wide spread of views. The stock ranks 5th among 18 peers in the independent power and renewable electricity producers industry.
The Week Ahead
US housing market data, housing starts, building permits and weekly EIA crude inventories are due next week. Ormat Tech reports its fiscal Q3 2026 results after the market close on 4 November, with estimates pointing to EPS of $0.3383 and revenue of $249 million. Energy inventory data and macro housing indicators may drive sentiment across the power and renewable energy space.
This article is generated by LongbridgeAI from market data, for information only and not investment advice.