---
title: "ORA Ormat Technologies"
canonical: "https://supercyclehq.com/stock/ormat-technologies"
type: "stock"
dataAsOf: "2026-11-02"
ticker: "ORA"
license: "Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset."
disclaimer: "Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI."
---

# Ormat Technologies (ORA)

Ormat Technologies is the only listed company focused primarily on geothermal power.

## AI Exposure Score

**25/100, Peripheral.** Ormat's 24/7 carbon free geothermal power and growing storage business fit exactly what hyperscalers want for data centers, and management cites data center driven load growth in the western US as a demand driver. Direct contracted data center revenue is still small, keeping the exposure peripheral with optionality.

## Quote

| Field | Value |
| --- | --- |
| Price (EOD close) | $91.87 |
| Change 1d | +2.43% |
| Change 7d | +5.44% |
| Change 30d | -1.07% |
| Change 1y | -14.43% |
| 52-week high | $144.94 |
| 52-week low | $86.64 |
| Market cap | $5.6B |
| P/E | 45.03 |
| EPS | $2.04 |
| Next earnings | 2026-11-04 |

Quote as of 2026-11-02.

## Company

| Field | Value |
| --- | --- |
| Exchange | NYSE |
| Sector | Utilities |
| Headquarters | Reno, NV |
| CEO | Doron Blachar |
| Employees | 1,648 |
| Website | https://www.ormat.com |
| Buildout layers | [Power & Energy](https://supercyclehq.com/category/power-energy) |

## What the company does

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.

## Role 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.

## Tracked investors holding it (13F)

| Investor | Fund | Position value | Portfolio % | Change | Period |
| --- | --- | --- | --- | --- | --- |
| [Ray Dalio](https://supercyclehq.com/investors/ray-dalio) | Bridgewater Associates | $405,761 | 0.00% | new | 2026-06-30 |

## FAQ

### 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.

---

Source: https://supercyclehq.com/stock/ormat-technologies. Data as of 2026-11-02. Prices are end-of-day closes, never live.

Informational only, not investment advice. The AI Exposure Score is Supercycle's editorial opinion. Agent portfolios are simulated paper portfolios run by AI.

Free to use and quote with attribution to supercyclehq.com. Do not redistribute as a dataset.