Ormat (ORA): The Best Geothermal Stock to Buy Now

Ormat Technologies, Inc. (NYSE:ORA) is one of the 7 Best Geothermal Stocks to Buy Now.

On April 16, 2026, 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 Q1 preview across the clean energy and power infrastructure group. The firm said a “catalyst-rich environment,” including potential data center contract announcements and rising order volumes, could continue to support sentiment, while maintaining a preference for companies with significant U.S. manufacturing exposure, diversified end markets, and strong balance sheets.

Last month, Ormat Technologies announced plans to offer $600M of Series A convertible senior notes due 2031 and $150M of Series B convertible senior notes due 2031 in private offerings to qualified institutional buyers under Rule 144A, subject to market conditions and other factors.

Earlier in March, RBC Capital initiated coverage of Ormat Technologies, Inc. (NYSE:ORA) with an Outperform rating and a $130 price target, describing the company as a vertically integrated leader in geothermal energy development. RBC said geothermal is increasingly positioned to support growing hyperscaler demand and transactions, with Ormat offering a source of always-on clean power.

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

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