Bernstein Reiterates Sell Rating on ORA with $115 Target
Bernstein maintains a cautious outlook on ORA, reiterating a sell rating and a $115 price target, a 14.15% downside from the current price.
Key Points
- On June 17, 2026, Bernstein reiterated its sell rating on ORA, setting a price target of $115.
- Bernstein's $115 price target implies 14.15% downside from Ormat Technologies, Inc.'s ($ORA) current $133.96 share price.
- ORA shares were trading at $133.96 at the time of the rating update.
- Major funds like BlackRock and Vanguard made significant adjustments to their ORA holdings recently.
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On June 17, 2026, Bernstein reiterated its sell rating on ORA, setting a price target of $115. This cautious stance comes as ORA shares are trading at $133.96.
Other Institutional Activity in ORA
Several major funds have recently adjusted their positions in ORA. BlackRock, Inc. increased its holdings by 309,177 shares, bringing its total to 9,558,070 shares valued at approximately $1.07 billion. Vanguard Portfolio Management LLC initiated a position with 2,998,146 shares worth about $335.6 million. Meanwhile, Bank of New York Mellon Corp added 44,387 shares, now holding 2,509,400 shares valued at $54.1 million. Clal Insurance Enterprises Holdings Ltd slightly reduced its stake by 11,804 shares to 1,925,086 shares, valued at $215.3 million.
Insider Buying and Selling at Ormat Technologies, Inc.
Several insiders at ORA made purchases on June 2, 2026. Notable transactions include Isaac Angel acquiring 1,245 shares, while Ravit Barniv, Byron Wong, Karin Corfee, David Granot, and Dafna Sharir each bought 899 shares. These transactions were not under a pre-arranged trading plan.
Analysts Set New Price Targets
On June 17, 2026, Bernstein reiterated its sell rating on ORA with a price target of $115. Earlier, on May 18, 2026, Piper Sandler maintained a buy rating with a $142 target. UBS and Barclays also maintained buy ratings with targets of $152 and $126, respectively, in early May. JP Morgan had a more cautious hold rating with a $123 target.
Bottom Line
Bernstein's reiterated sell rating on ORA reflects a cautious view, with a $115 price target suggesting potential downside from current levels. Institutional investors have been actively adjusting their positions, indicating varied perspectives on ORA's prospects. Investors will be watching closely for any future guidance or earnings results that might influence these views.
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