Equity Profile

ORA

Ormat Technologies, Inc.

UtilitiesRenewable Electricity$8.6B

Aug5Wed

Pre-Earnings Brief

UpcomingQ2-2026After Close5:00 PM EDT

Company Snapshot

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

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Ormat is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Ormat's renewable energy solutions and overall market performance.

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 renewable electricity, focusing on geothermal energy and recovered energy generation. As part of the utilities sector, Ormat plays a crucial role in the transition to sustainable energy sources, which is increasingly important in today's climate-conscious market.

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 experienced a slight decline the following day, suggesting mixed investor sentiment despite the strong earnings.

Management Promises & Guidance

Expectations

Wall Street Expectations

Analysts are generally optimistic about Ormat's upcoming earnings, given its history of beating EPS estimates. However, the lack of specific guidance this quarter leaves room for uncertainty.

Bull Case

If Ormat continues its trend of strong earnings surprises, it could see a positive reaction from investors, especially if revenue growth is robust.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth in its renewable projects, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Ormat's strong history of beating EPS estimates, this number will be critical in shaping investor sentiment.

What updates can management provide on new geothermal projects and capacity expansion?

Insights into project timelines and capacity will be essential for understanding future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's capacity for growth in new geothermal projects, especially given recent technological advancements.

Supporting Evidence

Ormat has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, indicating potential for significant surprises.

Recent trends in renewable energy investment may not be fully reflected in current stock valuations.

Key Risk

If new project announcements exceed expectations, it could significantly alter the market's perception of Ormat's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Ormat's ability to maintain its growth trajectory in a competitive renewable energy landscape.

Bull Confirmed If

An EPS of $1.40 or higher, coupled with positive commentary on project expansions, would confirm the bull case.

Bear Confirmed If

An EPS below $1.20 or negative guidance on future projects would support 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, indicating that investors expect volatility around the earnings announcement.

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 a potential stock increase of around 0.46%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 0.66%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal project developments and timelines.
2Management's commentary on revenue growth expectations for the next quarter.
3Insights into operational efficiencies and cost management strategies.
4Any changes in regulatory or market conditions affecting renewable energy.
5Future guidance on capacity expansion and investment plans.

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 renewable electricity, focusing on geothermal energy and recovered energy generation....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well Ormat is managing its costs and revenues.

N/A

Revenue Growth

Revenue growth will provide insight into demand for Ormat's renewable energy solutions and overall market performance.

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

Expectations

Wall Street Expectations

Analysts are generally optimistic about Ormat's upcoming earnings, given its history of beating EPS estimates. However, the lack of specific guidance this quarter leaves room for uncertainty.

Bull Case

If Ormat continues its trend of strong earnings surprises, it could see a positive reaction from investors, especially if revenue growth is robust.

Bear Case

Conversely, if the company fails to meet expectations or shows signs of slowing growth in its renewable projects, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be this quarter, and how does it compare to previous quarters?

Given Ormat's strong history of beating EPS estimates, this number will be critical in shaping investor sentiment.

What updates can management provide on new geothermal projects and capacity expansion?

Insights into project timelines and capacity will be essential for understanding future revenue potential.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's capacity for growth in new geothermal projects, especially given recent technological advancements.

Supporting Evidence

Ormat has consistently beaten EPS estimates, suggesting stronger operational performance than anticipated.

The options market is pricing in a larger move than historical averages, indicating potential for significant surprises.

Recent trends in renewable energy investment may not be fully reflected in current stock valuations.

Key Risk

If new project announcements exceed expectations, it could significantly alter the market's perception of Ormat's growth potential.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating Ormat's ability to maintain its growth trajectory in a competitive renewable energy landscape.

Bull Confirmed If

An EPS of $1.40 or higher, coupled with positive commentary on project expansions, would confirm the bull case.

Bear Confirmed If

An EPS below $1.20 or negative guidance on future projects would support 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, indicating that investors expect volatility around the earnings announcement.

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 a potential stock increase of around 0.46%, confirming the company's strong operational performance.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further clarity from management.

Miss

A miss could lead to a decline, with historical patterns suggesting a potential drop of around 0.66%.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal project developments and timelines.
2Management's commentary on revenue growth expectations for the next quarter.
3Insights into operational efficiencies and cost management strategies.
4Any changes in regulatory or market conditions affecting renewable energy.
5Future guidance on capacity expansion and investment plans.