Ormat Technologies stock hits 52-week high at $107.67

Ormat Technologies Inc. stock reached a new 52-week high, touching $107.67, representing a 74% increase from its 52-week low of $61.58. According to InvestingPro data, the company maintains a "Fair" financial health score, with particularly strong price momentum metrics. This milestone underscores a robust year for the company, with its stock price experiencing a significant 40.38% increase over the past year and an impressive 52.65% gain in the last six months. The rise in share value reflects investor confidence and positive market sentiment surrounding Ormat Technologies, a leader in the geothermal energy sector. The company has maintained dividend payments for 21 consecutive years, demonstrating consistent shareholder returns. The achievement of this 52-week high marks a notable point in the company’s performance, suggesting continued momentum and growth potential in the renewable energy market. With analyst price targets ranging from $85 to $120, investors seeking deeper insights can access comprehensive valuation analysis and 12 additional ProTips through InvestingPro’s detailed research report.

In other recent news, Ormat Technologies has reported impressive second-quarter 2025 results, surpassing consensus expectations for both revenue and earnings. Following these results, Oppenheimer raised its price target for Ormat Technologies to $100, maintaining an Outperform rating, citing a strong growth outlook. Additionally, Ormat Technologies extended a 25-year power purchase agreement with the Southern California Public Power Authority, ensuring geothermal energy supply to the Los Angeles Department of Water and Power and the Imperial Irrigation District through 2052. This extension has received all necessary approvals.

Piper Sandler upgraded Ormat Technologies’ stock rating from Neutral to Overweight, raising the price target to $102, driven by a renewed focus on geothermal energy and demand for AI-related power. Previously, Piper Sandler had increased the price target to $90, reflecting an improved regulatory environment and growing AI demand. UBS also reiterated its Buy rating with a price target of $105, maintaining a positive outlook. These developments highlight Ormat Technologies’ strategic advancements and the industry’s evolving landscape.

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