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 production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company has performed compared to expectations.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture 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 production. As a utility company, it 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 earnings surprise of 41.3%, with EPS coming in at $1.30 compared to the expected $0.92. However, the stock saw a slight decline of 0.42% the following day, indicating mixed market reactions.

Management Promises & Guidance

Focus on increasing geothermal capacity.
Commitment to maintaining operational efficiency.
Plans to explore new renewable energy projects.

Expectations

Wall Street Expectations

Overall expectations for Ormat's upcoming earnings are cautious, given the mixed reactions to previous results despite consistent earnings beats.

Bull Case

If Ormat continues its trend of earnings surprises and shows strong revenue growth, it could signal robust demand for renewable energy solutions, boosting investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing growth in geothermal capacity, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current geothermal capacity and how does it compare to last quarter?

This will indicate Ormat's operational growth and ability to meet increasing energy demands.

What are the company's projections for revenue growth in the upcoming quarters?

Revenue projections will provide insight into the company's future performance and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's growth potential in geothermal capacity, which could be bolstered by new projects that aren't fully reflected in current estimates.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger underlying performance.

Options pricing indicates higher expected volatility, which may reflect market uncertainty not captured in consensus estimates.

Key Risk

If the geothermal capacity exceeds expectations, it could significantly alter the growth narrative for Ormat.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Ormat's ability to sustain growth in a competitive renewable energy market.

Bull Confirmed If

A significant increase in geothermal capacity and a revenue growth forecast of over 15% would confirm the bull case.

Bear Confirmed If

A decline in geothermal capacity or revenue growth projections below 5% 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 traders expect 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 a potential average one-day move of +0.46%, confirming strong demand for renewable energy.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

In the event of a miss, history suggests a potential average one-day move of -0.42%, indicating a bearish sentiment from investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on capacity.
2Management's outlook on revenue growth for the next quarter.
3Any changes in operational efficiency metrics.
4Insights into market demand for renewable energy solutions.
5Discussion on potential regulatory impacts on the renewable energy sector.

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 production....

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company has performed compared to expectations.

N/A

Revenue Growth

Revenue growth will indicate the company's ability to expand its operations and capture 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 increasing geothermal capacity.
Commitment to maintaining operational efficiency.
Plans to explore new renewable energy projects.

Expectations

Wall Street Expectations

Overall expectations for Ormat's upcoming earnings are cautious, given the mixed reactions to previous results despite consistent earnings beats.

Bull Case

If Ormat continues its trend of earnings surprises and shows strong revenue growth, it could signal robust demand for renewable energy solutions, boosting investor confidence.

Bear Case

On the other hand, if the company fails to meet expectations or shows signs of slowing growth in geothermal capacity, it could lead to a negative market reaction.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the current geothermal capacity and how does it compare to last quarter?

This will indicate Ormat's operational growth and ability to meet increasing energy demands.

What are the company's projections for revenue growth in the upcoming quarters?

Revenue projections will provide insight into the company's future performance and market positioning.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may underestimate Ormat's growth potential in geothermal capacity, which could be bolstered by new projects that aren't fully reflected in current estimates.

Supporting Evidence

The company has consistently beaten EPS estimates, suggesting stronger underlying performance.

Options pricing indicates higher expected volatility, which may reflect market uncertainty not captured in consensus estimates.

Key Risk

If the geothermal capacity exceeds expectations, it could significantly alter the growth narrative for Ormat.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around Ormat's ability to sustain growth in a competitive renewable energy market.

Bull Confirmed If

A significant increase in geothermal capacity and a revenue growth forecast of over 15% would confirm the bull case.

Bear Confirmed If

A decline in geothermal capacity or revenue growth projections below 5% 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 traders expect 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 a potential average one-day move of +0.46%, confirming strong demand for renewable energy.

In-Line / Cautious

If results are in line with expectations but management's commentary is cautious, the stock may experience muted movement as investors reassess growth prospects.

Miss

In the event of a miss, history suggests a potential average one-day move of -0.42%, indicating a bearish sentiment from investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new geothermal projects and their expected impact on capacity.
2Management's outlook on revenue growth for the next quarter.
3Any changes in operational efficiency metrics.
4Insights into market demand for renewable energy solutions.
5Discussion on potential regulatory impacts on the renewable energy sector.