Equity Profile

ORA

Ormat Technologies, Inc.

UtilitiesRenewable Electricity$7.0B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

Ormat Technologies, Inc. is a leader in the renewable electricity sector, focusing on geothermal energy and recovered energy generation....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Ormat is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture more 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. is a leader in the renewable electricity sector, focusing on geothermal energy and recovered energy generation. With a market cap of $7 billion, the company plays a crucial role in the transition to sustainable energy sources, which is increasingly important as global demand for clean energy rises.

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 beating estimates by 41.3%. However, the stock saw a slight decline of 0.42% the following day, indicating market caution despite strong earnings.

Management Promises & Guidance

Focus on expanding geothermal energy production.
Commitment to maintaining operational efficiency.
Plans to explore new markets for renewable energy.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about Ormat's upcoming earnings, especially given its strong track record of beating EPS estimates. However, the lack of specific guidance raises questions about future growth.

Bull Case

If Ormat continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for renewable energy, leading to a positive market reaction.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the current market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given Ormat's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What are the company's projections for geothermal energy production in the upcoming quarters?

This will provide insight into Ormat's operational efficiency and growth potential in a competitive renewable energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's ability to leverage its geothermal assets for higher-than-expected revenue growth this quarter.

Supporting Evidence

Ormat has consistently beaten EPS estimates, indicating strong operational management.

The options market's implied move suggests traders expect significant volatility, hinting at potential surprises.

Recent trends in renewable energy demand could favor Ormat's growth more than analysts anticipate.

Key Risk

If geothermal production exceeds expectations, it could significantly alter market perceptions of Ormat's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Ormat can sustain its growth trajectory amidst increasing competition and regulatory challenges in the renewable sector.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.00 could indicate deeper issues in cost management or market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a relatively large move, suggesting that traders expect significant 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, history suggests the stock could rise by around 0.46% on the following day, confirming bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess their outlook.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 0.66% or more, reflecting negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on production.
2Any commentary on cost management strategies and their effectiveness.
3Insights into market demand for renewable energy and Ormat's positioning.
4Details on any regulatory changes affecting the renewable energy sector.
5Management's outlook on future earnings and growth strategies.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Ormat Technologies, Inc. is a leader in the renewable electricity sector, focusing on geothermal energy and recovered energy generation....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of profitability and will show how well Ormat is managing its costs and generating income.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture more 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

Management Promises & Guidance

Focus on expanding geothermal energy production.
Commitment to maintaining operational efficiency.
Plans to explore new markets for renewable energy.

Expectations

Wall Street Expectations

Bull Case

If Ormat continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for renewable energy, leading to a positive market reaction.

Bear Case

On the other hand, if the company fails to meet expectations or provides weak guidance, it could lead to a significant drop in stock price, especially given the current market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for Q2-2026, and how does it compare to previous quarters?

Given Ormat's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

What are the company's projections for geothermal energy production in the upcoming quarters?

This will provide insight into Ormat's operational efficiency and growth potential in a competitive renewable energy market.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's ability to leverage its geothermal assets for higher-than-expected revenue growth this quarter.

Supporting Evidence

Ormat has consistently beaten EPS estimates, indicating strong operational management.

The options market's implied move suggests traders expect significant volatility, hinting at potential surprises.

Recent trends in renewable energy demand could favor Ormat's growth more than analysts anticipate.

Key Risk

If geothermal production exceeds expectations, it could significantly alter market perceptions of Ormat's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating whether Ormat can sustain its growth trajectory amidst increasing competition and regulatory challenges in the renewable sector.

Bull Confirmed If

An EPS of $1.50 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.00 could indicate deeper issues in cost management or market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±7.43%

Historical Avg

±0.7%

Pricing rich

The options market is pricing in a relatively large move, suggesting that traders expect significant 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, history suggests the stock could rise by around 0.46% on the following day, confirming bullish sentiment.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess their outlook.

Miss

A miss could lead to a decline, with historical patterns suggesting a drop of around 0.66% or more, reflecting negative sentiment.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on production.
2Any commentary on cost management strategies and their effectiveness.
3Insights into market demand for renewable energy and Ormat's positioning.
4Details on any regulatory changes affecting the renewable energy sector.
5Management's outlook on future earnings and growth strategies.