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Ormat Techno ( (ORA) ) has issued an announcement.
On February 17, 2026, Ormat Technologies announced it had signed a long-term geothermal power purchase agreement with NV Energy to supply up to 150 MW of new geothermal capacity to support Google’s Nevada data center operations. Enabled by NV Energy’s Clean Transition Tariff and pending approval by Nevada regulators expected in the second half of 2026, the multi-project portfolio is designed to bring new geothermal plants online between 2028 and 2030.
Under the portfolio structure, projects will be added as they reach commercial operation, with the contract running from the first project’s start date to 15 years beyond the final project’s commissioning, providing long-term revenue visibility for Ormat and predictable clean power for Google. The deal underscores geothermal’s role as reliable, carbon-free baseload power amid AI-driven demand growth and highlights a scalable tariff model that can be replicated in other U.S. markets, reinforcing Ormat’s growth strategy and Nevada’s clean-energy leadership while insulating other ratepayers from additional costs.
The most recent analyst rating on (ORA) stock is a Hold with a $130.00 price target. To see the full list of analyst forecasts on Ormat Techno stock, see the ORA Stock Forecast page.
Spark’s Take on ORA Stock
According to Spark, TipRanks’ AI Analyst, ORA is a Outperform.
Ormat Technologies’ overall score is driven by strong technical indicators and positive earnings call outcomes, indicating robust growth prospects. However, high valuation and cash flow challenges present potential risks.
To see Spark’s full report on ORA stock, click here.
More about Ormat Techno
Ormat Technologies Inc. is a leading geothermal and renewable energy company and the only vertically integrated player in geothermal and recovered energy generation, with growing activity in energy storage and solar PV-plus-storage. It designs, manufactures, constructs, owns and operates power plants using its proprietary Ormat Energy Converter technology, with about 3,600 MW installed worldwide and a 1,695 MW owned portfolio spanning the U.S., Kenya, Guatemala, Indonesia, Honduras, Guadeloupe and U.S.-based storage assets.
The company’s current portfolio includes 1,310 MW of geothermal and solar generation capacity and 385 MW of energy storage, underpinning its strategy to expand further in the U.S. energy storage market. Leveraging decades of geothermal experience and global reach, Ormat aims to strengthen its position in clean, firm power solutions that support utilities, large energy users and grid reliability across multiple regions.
Average Trading Volume: 586,125
Technical Sentiment Signal: Buy
Current Market Cap: $7.18B
Learn more about ORA stock on TipRanks’ Stock Analysis page.