Ormat Technologies
ORA · NYSE · Utilities
$97.34
$0.03 (-0.03%) today
Market Cap
$5.99B
24h Volume
$196.1M
P/E Ratio
47.7
52w High
$144.94
52w Low
$91.20
Est. AI Revenue
5%
7-Day Sparkline (Static)
Company facts
Performance
About Ormat Technologies
Ormat Technologies is the only listed company focused primarily on geothermal power. It develops, builds, owns and operates geothermal and recovered energy plants, mostly in the western United States, Kenya and other international markets, selling electricity under long term contracts.
The company runs three segments. The Electricity segment owns and operates its power plants. The Product segment designs and sells geothermal power equipment to other developers. The Energy Storage segment operates a growing fleet of batteries that provide grid services. The AI relevance is simple: geothermal delivers carbon free electricity around the clock, unlike solar and wind, and that is exactly the profile data center operators want as their load grows across the western US.
Founded in 1965 and headquartered in Reno, Nevada, Ormat employs about 1,600 people and trades on the NYSE.
Ormat Technologies in the AI buildout
Ormat Technologies sits in the Power & Energy layer of the AI buildout. Hyperscalers are hunting for clean firm power, electricity that stays on around the clock without emissions, and geothermal is one of the few sources that fits. Ormat's plants and storage assets in the western US sit in regions where data center load is climbing, and management points to that growth as a demand driver. Direct contracted data center revenue remains small today, so its exposure is optionality on where hyperscaler power procurement goes next.
ORA is tracked in Power & Energy, rated Peripheral on the AI Exposure leaderboard.
By the numbers
52-week range
ORA trades at $97.34, 11% of the way up its 52-week range of $91.20 to $144.94.
Market cap
Market capitalization is $5.99B, with an AI Exposure Score of 25 out of 100.
Valuation vs peers
Its P/E ratio of 47.7 is above the Power & Energy category median of 30.8.
Next earnings
Ormat Technologies is next expected to report earnings on November 4, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Ormat Technologies do?
Ormat Technologies develops, builds and operates geothermal and recovered energy power plants, mainly in the western United States and internationally. It also sells geothermal equipment to other developers and runs a growing battery storage business providing grid services.
How is Ormat Technologies exposed to AI?
Its 24/7 carbon free geothermal power matches what data center operators want, and management cites data center driven load growth in the western US as a demand driver. Supercycle rates it Peripheral with an AI Exposure Score of 25 out of 100.
Why does geothermal matter for data centers?
Data centers run constantly, so they need power that does not stop when the sun sets or wind fades. Geothermal provides carbon free electricity around the clock, making it one of the few renewable sources that can back always on computing load.
What are Ormat's business segments?
Ormat operates three segments: Electricity, which owns and runs its power plants; Product, which designs and sells geothermal equipment to other developers; and Energy Storage, which operates batteries providing services to the grid.
Who leads Ormat Technologies?
Doron Blachar serves as CEO. The company is headquartered in Reno, Nevada, employs about 1,600 people, and was founded in 1965. Its shares trade on the New York Stock Exchange under the ticker ORA.
Is ORA a pure play AI stock?
No. Ormat is a pure play on geothermal energy, not on AI. Most of its electricity serves utilities under long term contracts, and direct data center revenue is still small, so Supercycle classifies it as Peripheral.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.
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