Ormat Technologies Shares Rise in Pre-Market Trading Ahead of Dividend Payment
Ormat Technologies (NYSE: ORA) shares rose by 3.0% to $105.02 in pre-market trading ahead of its quarterly dividend payment scheduled for September 2, 2026. The company raised its full-year revenue guidance during the August earnings cycle to between $1.15 billion and $1.20 billion due to strong performance across electricity generation, product sales, and energy storage segments. Several Wall Street firms maintained positive ratings on Ormat in August despite some reduced price targets following second-quarter results. Citi noted elevated 30-day implied volatility for the stock as it approached the end of Q3 2026, indicating potential share-price movements but not a specific direction. The pre-market gain occurred amid broader declines in U.S. equity markets, with the S&P 500 and Nasdaq falling by 0.4% and 0.9%, respectively.
Tickers: $ORA