Ormat Technologies Inc. (ORA) 12-Month Stock Forecast & Price Target Cone

The Roarable RQD Score is 32 out of 100, graded E, labeled "Roarable Strong Sell — Forensic Risk / Avoid" (per the Roarable RQD rating). Across its five pillars:

• Fundamental Cash Engine: 4 / 20. Per the Roarable RQD rating, ROIC is 3.4% and FCF yield is -5.02%. For a prospective investor, this is the weakest-scoring area: the business is not currently converting capital into free cash flow at a rate the rating considers adequate, and the FY 2025 free cash flow of $-284.7M (per the SEC financials) reinforces that reading.
• Whale 13F Flow: 7 / 20. Per the Roarable RQD rating, this pillar reflects institutional accumulation and options positioning. The score is below midpoint, indicating limited institutional conviction signals in the rating's framework. The <holders> section contains no 13F detail, so the underlying positioning cannot be verified from the source data.
• Insider Conviction: 5 / 20. Per the Roarable RQD rating, SEC Form 4 and Congressional PTR cluster flow scored low. Per the holders section, no insider transaction detail is provided, so the basis for this score cannot be independently checked here.
• Macro Regime Fit: 6 / 20. Per the Roarable RQD rating, beta is 0.54 and the score reflects sector sensitivity. A low beta suggests lower market-correlated volatility, but the pillar score indicates the rating does not view the regime fit favorably.
• Forensic Balance Sheet: 10 / 20. Per the Roarable RQD rating, Altman Z is 1.38, Piotroski F is 4/9, and Debt/Equity is 0.59. These are the strongest-scoring pillar, but still only half credit, pointing to meaningful forensic caution.

Taken together, the rating frames ORA as a stock where valuation (P/E TTM 44.7, forward P/E 41.6 per the market data) is elevated relative to cash generation and forensic health. The upside case depends on the cash-flow and returns trajectory improving; the downside case is that the current multiple is not supported by the rated fundamentals. This is an analytical framing, not personalized advice.

Per the market data, gross margin is 27.6%, operating margin 17.1%, and net margin 12.8%, with ROIC of 3.4%. Per the Roarable RQD rating, the Altman Z-Score is 1.38 and the Piotroski F-Score is 4/9. Debt rose from $729.9M (FY 2023) to $1599.9M (FY 2025) while free cash flow turned negative in both FY 2024 and FY 2025, per the SEC financials. Per the Roarable RQD rating, Debt/Equity is 0.59, which the forensic pillar scores at 10 / 20.

Per the recent news section, five items reference ORA, all as general market-wire coverage:

• A Yahoo Finance report on DOE backing tied to a geothermal growth narrative and a valuation debate (flagged GREEN, CATALYST).
• A Benzinga item referencing a Q2 2026 earnings call transcript (flagged YELLOW).
• A Finviz item referencing a raised outlook and cooling storage demand as shares slumped (flagged GREEN, CATALYST).
• A MarketBeat item reporting a Wall Street Zen rating move to Sell (flagged YELLOW).
• A Trefis item questioning valuation (flagged YELLOW).

The news items' summaries are generic descriptions; the substance of the earnings call and rating change is not provided in the source data. Per the Butterfly Supply-Chain Graph, the supply chain is listed as NONE, with no butterfly links or proprietary signals.

• What is the composition of the FY 2024–FY 2025 increase in debt from $729.9M to $1599.9M, and how is it being serviced given negative free cash flow?
• The FY 2023 revenue is reported as $0.0M while net income is $133.1M; is this a reporting or presentation artifact, and what drove revenue in that period?
• What were the Q2 2026 earnings results and outlook changes referenced in the news, and do they alter the cash-flow trajectory captured in the RQD pillars?
• What is the underlying basis for the 13F, insider, and Congressional flow scores when the holders section contains no transaction detail?
• What is the company's business mix and customer concentration within the Electric Utilities: Central industry?