Overview

* Ormat ( ORA ) Q3 revenue grows 17.9% yr/yr, beating analyst expectations

* Adjusted EPS for Q3 beats consensus, reflecting strong segment performance

* Company increases full-year revenue and EBITDA guidance

Outlook

* Ormat ( ORA ) raises 2025 revenue guidance to $960 mln-$980 mln

* Company increases 2025 adjusted EBITDA guidance to $575 mln-$593 mln

* Ormat ( ORA ) expects strong demand from data centers and favorable PPA pricing to drive growth

Result Drivers

* PRODUCT SEGMENT - Revenue increased 66.6% due to new contracts and backlog growth

* ENERGY STORAGE - Segment revenue rose 108.1% due to new facilities and higher merchant prices

* ELECTRICITY SEGMENT - Growth supported by Blue Mountain acquisition and Dixie Valley performance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $249.72 $234.30

Revenue mln mln (9

Analysts

)

Q3 Beat $0.41 $0.37 (8

Adjusted Analysts

EPS )

Q3 Beat $138.40 $135.33

Adjusted mln mln (8

EBITDA Analysts

)

Q3 Gross 25.60%

Margin

Q3 $40.40

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "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 ( ORA ) is $103.50, about 2.8% below its October 31 closing price of $106.37

* The stock recently traded at 46 times the next 12-month earnings vs. a P/E of 39 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)