Equity Profile

ORA

Ormat Technologies, Inc.

UtilitiesRenewable Electricity$6.6B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Ormat Technologies, Inc. (ORA) is a leader in the renewable electricity sector, specializing in geothermal energy....

Key Metrics to Watch

EPS Growth

Earnings per share (EPS) growth is crucial for assessing profitability and investor confidence.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its operations and market share in the renewable energy sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ORA Q2-2026 Earnings Preview

Context

Company Snapshot

Ormat Technologies, Inc. (ORA) is a leader in the renewable electricity sector, specializing in geothermal energy. As the world shifts towards sustainable energy sources, Ormat's focus on renewable electricity positions it well within the growing utilities sector.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.98%

Avg Stock Reaction

+0.46%

Last Quarter Recap

In Q1-2026, Ormat reported an EPS of $1.30, significantly exceeding estimates by 41.3%. However, the stock saw a slight decline of 0.42% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Continued focus on expanding geothermal projects.
Commitment to maintaining operational efficiency.
Plans to explore new renewable energy technologies.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about Ormat's upcoming earnings, given its strong track record of beating EPS estimates. However, concerns about revenue growth and market conditions may temper enthusiasm.

Bull Case

If Ormat continues its trend of strong EPS growth and provides positive guidance on revenue, it could see a significant boost in stock price as investor confidence grows.

Bear Case

Conversely, if the company fails to meet expectations for revenue growth or provides disappointing guidance, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected growth in geothermal capacity for the upcoming quarter?

Growth in geothermal capacity is a direct indicator of Ormat's operational success and future revenue potential, which investors will closely monitor.

How does management plan to address potential challenges in revenue growth?

Understanding management's strategy for overcoming revenue challenges will be crucial for investor confidence and stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's ability to leverage new geothermal projects, leading to stronger-than-expected revenue growth this quarter.

Supporting Evidence

The company's consistent track record of beating EPS estimates suggests underlying strength.

Recent investments in geothermal capacity may not yet be fully reflected in analyst models.

Key Risk

If geothermal capacity growth exceeds 10%, it could significantly alter the revenue outlook and challenge current consensus estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Ormat's ability to maintain growth in a competitive renewable energy market.

Bull Confirmed If

A geothermal capacity increase of over 10% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A revenue decline or stagnation would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±7.4% while ORA has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.6%

Calls (12K)P/C Ratio: 0.94Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ormat beats expectations and raises guidance, history suggests a potential stock increase of around 0.46% on the following day.

In-Line / Cautious

If the results are in line but management provides cautious commentary, the stock may see little movement as investors digest the information.

Miss

Should Ormat miss expectations, history suggests a potential decline of around 0.66% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on capacity.
2Management's insights on market conditions affecting revenue.
3Any new partnerships or contracts that could enhance growth.
4Details on cost management strategies to maintain profitability.
5Future guidance on revenue expectations for the next quarter.

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Company Snapshot

Ormat Technologies, Inc. (ORA) is a leader in the renewable electricity sector, specializing in geothermal energy....

Key Metrics to Watch

EPS Growth

Earnings per share (EPS) growth is crucial for assessing profitability and investor confidence.

N/A

Revenue Growth

Revenue growth indicates the company's ability to expand its operations and market share in the renewable energy sector.

N/A

1 more metrics, Wall Street expectations, options signals, track record, and call prep available with Pro.

ORA Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+23.98%

Avg Stock Reaction

+0.46%

Last Quarter Recap

In Q1-2026, Ormat reported an EPS of $1.30, significantly exceeding estimates by 41.3%. However, the stock saw a slight decline of 0.42% the following day, indicating mixed investor sentiment.

Management Promises & Guidance

Continued focus on expanding geothermal projects.
Commitment to maintaining operational efficiency.
Plans to explore new renewable energy technologies.

Expectations

Wall Street Expectations

Bull Case

If Ormat continues its trend of strong EPS growth and provides positive guidance on revenue, it could see a significant boost in stock price as investor confidence grows.

Bear Case

Conversely, if the company fails to meet expectations for revenue growth or provides disappointing guidance, it could lead to a negative reaction in the stock price.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the expected growth in geothermal capacity for the upcoming quarter?

Growth in geothermal capacity is a direct indicator of Ormat's operational success and future revenue potential, which investors will closely monitor.

How does management plan to address potential challenges in revenue growth?

Understanding management's strategy for overcoming revenue challenges will be crucial for investor confidence and stock performance.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's ability to leverage new geothermal projects, leading to stronger-than-expected revenue growth this quarter.

Supporting Evidence

The company's consistent track record of beating EPS estimates suggests underlying strength.

Recent investments in geothermal capacity may not yet be fully reflected in analyst models.

Key Risk

If geothermal capacity growth exceeds 10%, it could significantly alter the revenue outlook and challenge current consensus estimates.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core thesis revolves around Ormat's ability to maintain growth in a competitive renewable energy market.

Bull Confirmed If

A geothermal capacity increase of over 10% compared to the previous quarter would confirm the bull case.

Bear Confirmed If

A revenue decline or stagnation would confirm the bear case.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a significant move, suggesting that investors are anticipating volatility around the earnings report.

Options are pricing ±7.4% while ORA has averaged ±0.7% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.4%

30d HV

39.6%

Calls (12K)P/C Ratio: 0.94Puts (1K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Ormat beats expectations and raises guidance, history suggests a potential stock increase of around 0.46% on the following day.

In-Line / Cautious

If the results are in line but management provides cautious commentary, the stock may see little movement as investors digest the information.

Miss

Should Ormat miss expectations, history suggests a potential decline of around 0.66% in the stock price.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on capacity.
2Management's insights on market conditions affecting revenue.
3Any new partnerships or contracts that could enhance growth.
4Details on cost management strategies to maintain profitability.
5Future guidance on revenue expectations for the next quarter.