10 Best Clean Energy Stocks to Buy According to Billionaires

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

Number of Billionaire Investors: 8

Ormat Technologies, Inc. (NYSE:ORA) is a leading geothermal company and the only vertically integrated company engaged in geothermal and recovered energy generation, as well as Energy storage solutions. Ormat’s current 1,100 MW generating portfolio is spread globally in Kenya, Guadalupe, Guatemala, Indonesia, Honduras, and the United States.

Ormat Technologies, Inc. (NYSE:ORA) reported mixed results in Q4 2024 as its adjusted EPS of $0.72 beat expectations by $0.22. However, the company’s revenue of $230.74 million fell below estimates by $4.35 million. Ormat’s cash flow from operations increased by 32.8% YoY to $411 million, allowing it to announce a quarterly dividend per share of $0.12 in February. Moreover, the company expects to pay a quarterly dividend of $0.12 per share in each of the next three quarters.

Ormat Technologies, Inc. (NYSE:ORA) recently revealed that it has secured two 15-year tolling agreements for energy storage facilities in Israel with a combined capacity of around 300 MW/1200 MWh. The projects are expected to begin commercial operations in 2028, further solidifying Ormat’s position in the energy storage sector.