Ormat Technologies forecasts 2026 revenue growth after reporting 75.8% year-over-year Q1 2026 revenue increase.
Ormat Technologies announced a 2026 revenue guidance range of $1.11 billion to $1.16 billion, reflecting continued growth momentum. The company cited a record Q1 2026 performance, with revenue surging 75.8% year-over-year, driven by strong contributions from its energy portfolio.
The guidance follows a quarter where operating income and adjusted EBITDA also expanded significantly. Ormat highlighted progress in advancing 2-4 MW enhanced geothermal system (EGS) pilots, targeting deployment in 2027.
Management attributed the results to operational efficiency and market demand, positioning the company for further expansion in renewable energy sectors.