Street Calls of the Week
Ormat Technologies (NYSE:ORA) Chief Executive Officer Doron Blachar sold 14,994 shares of common stock on September 29, 2025, for approximately $1.42 million. The shares were sold at a weighted average price of $94.71, with individual sales prices ranging from $94.33 to $94.89. The transaction comes as the stock trades near its 52-week high of $96.92, having gained over 36% in the past six months. According to InvestingPro analysis, the company’s shares are currently trading above their Fair Value.
According to a Form 4 filing with the Securities and Exchange Commission, the transaction was executed under a pre-arranged 10b5-1 trading plan adopted by Blachar on June 30, 2025.
On the same day, Blachar also exercised stock appreciation rights (SARs) for 45,365 shares at an exercise price of $63.40, acquiring common stock. The total value of the shares acquired through the exercise of SARs was approximately $2.88 million. Following these transactions, Blachar directly owns 35,419 shares of Ormat Technologies.
In other recent news, Ormat Technologies has been in the spotlight with several significant developments. The company recently announced a 25-year extension to its power purchase agreement with the Southern California Public Power Authority, ensuring the delivery of geothermal energy to key districts until 2052. This extension has already received all necessary approvals. Additionally, Ormat’s second-quarter 2025 results surpassed expectations for both revenue and earnings, leading to a reaffirmation of its fiscal year 2025 guidance. In response to these positive outcomes, Oppenheimer raised its price target for Ormat to $100, maintaining an Outperform rating.
Moreover, Piper Sandler upgraded Ormat Technologies from Neutral to Overweight, setting a new price target of $102 due to the increasing demand for AI-related power. Previously, Piper Sandler had raised Ormat’s price target to $90, citing an improved regulatory environment and AI power demand. UBS also reiterated its Buy rating with a price target of $105, reflecting a continued positive outlook. These updates highlight Ormat Technologies’ growing prominence in the renewable energy sector.
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