Ormat Technologies Reports Strong Q3 Earnings and Raises Outlook

November 7, 2026 - 19:39

Ormat Technologies has announced a notable 10.2% increase in revenue for the third quarter, reaching $275 million. This growth comes despite challenges at its Puna geothermal plant, where energy generation has decreased. The company attributed its positive performance largely to robust results in energy storage, which helped to balance the overall revenue picture.

In addition to the revenue boost, adjusted EBITDA saw an 11.1% increase, demonstrating the company's ability to maintain profitability even amid operational hurdles. The management team expressed confidence in the company's future, raising the midpoint of its full-year outlook. This adjustment reflects their optimism about ongoing projects and the growing demand for renewable energy solutions.

As the energy sector continues to evolve, Ormat's focus on innovative storage technologies positions it well for future growth. Investors and stakeholders will be watching closely as the company implements its strategies to navigate the changing landscape in energy production and storage.