Ormat Technologies: Raised Guidance And A Stronger Storage Business Support A Buy
Ormat raised its full-year 2026 guidance after Q2 revenue rose 10.6% and adjusted EBITDA rose 6.9%, lifting expected revenue to $1.15-$1.20B and adjusted EBITDA to $630-$650M. Storage revenue nearly tripled to $42.8M, though storage margins are expected to normalize in the second half.
Why it matters — ORA watchers would care because the raised guidance and rapidly expanding storage business point to a strengthening contracted revenue base and an improved near-term outlook.