Ormat Technologies

Ormat Technologies shares climbed about 3.0% in premarket trading to $105.02 after announcing a quarterly dividend of $0.12 per share, payable on Sept. 2 to shareholders of record on Aug. 19. The company raised its 2026 revenue forecast to $1.15–1.20 billion, supported by strength in power generation, products and energy storage. Several brokerages reaffirmed their buy or overweight ratings, preserving investor confidence despite slightly lowered price targets after Q2. The stock shows recovery potential, although the overall market is weak in premarket trading and options volatility could amplify price swings. » More on de.investing.com

Ormat Technologies reported Q2 revenue of $258.8 million (up 10.6%) and adjusted EBITDA of $143.9 million (up 6.9%), and raised its 2026 outlook to $1.15–$1.2 billion in revenue and $630–$650 million in adjusted EBITDA. Energy storage revenue nearly tripled to $42.8 million, lifting consolidated gross margin and expanding the operating storage portfolio to 495 MW and 1,358 MWh with 497 MW additional under development. The company advanced EGS pilots with SLB and Sage, plans Desert Peak drilling in Q4 2026, held about $1.1 billion in liquidity and declared a quarterly dividend of $0.12 per share. » More on finance.yahoo.com

Ormat reported adjusted EPS of $0.50 and revenue of $258.8 million for Q2 2026, each well above consensus estimates, driven by power generation, energy storage and product sales. The company raised its 2026 revenue guidance to $1.15–1.2 billion and its adjusted EBITDA range to $630–650 million; the storage business posted revenue growth of 195.1%. Ormat said margins should normalize in the second half, is keeping its 2028 portfolio target, and cited project delays and high debt as risks. » More on de.investing.com