15 Best Power Generation Stocks To Buy For Data Center Demand

7. Ormat Technologies, Inc. (NYSE:ORA)

On May 6, 2026, Ormat Technologies, Inc. (NYSE:ORA) reported Q1 adjusted EPS of $1.30, well above the 90c consensus estimate, while revenue rose to $403.9M from expectations of $349.2M. Chief Executive Officer Doron Blachar said the company delivered strong growth across all business segments, with operating income rising 57.6% year over year, adjusted EBITDA increasing 29.7%, and adjusted diluted EPS climbing 91.2%. He added that the performance reflected continued strength in Ormat’s Energy Storage and Product segments alongside the resilience of its diversified portfolio.

Ormat Technologies, Inc. (NYSE:ORA) expects FY26 revenue of $1.11B-$1.16B compared to consensus estimates of $1.14B, while adjusted EBITDA is projected at $615M-$645M.

Last month, JPMorgan lowered its price target on Ormat Technologies, Inc. (NYSE:ORA) to $106 from $108 and maintained a Neutral rating as part of a broader clean energy and power infrastructure sector update ahead of Q1 earnings. The firm said the sector continues to operate in a “catalyst-rich environment,” supported by data center contract announcements and rising order volumes, while maintaining a preference for companies with U.S.-based manufacturing exposure, diversified end markets, and strong balance sheets.

Ormat Technologies, Inc. (NYSE:ORA) operates geothermal and recovered energy power businesses across the United States and several international markets.