Brief: Ormat Technologies Q2 Adjusted EPS USD 0.48 Vs. IBES Estimate USD 0.38

Ormat Technologies

06/08/2025 21:05

Overview

Ormat Q2 revenue rises 9.9%, beating analyst expectations, per LSEG data

Net income for Q2 grows 26.1%, driven by Product and Energy Storage segments

Co secures $300 mln funding for future development, completes 20MW acquisition

Outlook

Ormat sees 2025 total revenues between $935 mln and $975 mln

Company expects electricity segment revenues of $710 mln to $725 mln

Ormat projects adjusted EBITDA between $563 mln and $593 mln

Company anticipates strong growth driven by favorable regulatory developments

Result Drivers

PRODUCT SEGMENT - Revenue increased 57.6% due to better margin contracts and timing of revenue recognition

ENERGY STORAGE - Revenue rose 62.7% driven by new assets and strong merchant pricing in the PJM market

ELECTRICITY SEGMENT - Revenue decreased 3.8% due to planned well-field work and energy curtailments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$234.02 mln
$223.20 mln (9 Analysts)
Q2 Adjusted EPS
Beat
$0.48
$0.38 (10 Analysts)
Q2 Adjusted EBITDA
Miss
$134.60 mln
$135.60 mln (9 Analysts)
Q2 Gross Margin
24.3%
Q2 Operating Income
$35.30 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Ormat Technologies Inc is $95.00, about 10.3% above its August 5 closing price of $85.23

The stock recently traded at 38 times the next 12-month earnings vs. a P/E of 34 three months ago

Press Release: ID:nGNXppSTq

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)