Renewable Energy Stock Up 54% in a Year as a New $26 Million Bet Signals Confidence

On February 17, 2026, Aperture Investors disclosed a new position in Ormat Technologies (ORA +1.41%), acquiring 231,633 shares worth $25.59 million.

What happened

According to a SEC filing dated February 17, 2026, Aperture Investors reported a new position in Ormat Technologies, acquiring 231,633 shares. The estimated value of the purchase, based on the quarter-end price, was $25.59 million.

What else to know

• The fund’s new stake in Ormat Technologies accounted for 2.92% of its $875.41 million in reportable U.S. equity assets as of December 31, 2025.
• Top five fund holdings after the filing:
  • NYSE: CAVA: $30.05 million (4.2% of AUM)
  • NYSE: BROS: $26.60 million (3.7% of AUM)
  • NASDAQ: VXUS: $25.58 million (3.6% of AUM)
  • NASDAQ: POWL: $24.45 million (3.4% of AUM)
  • NYSE: SPXC: $24.29 million (3.4% of AUM)
• As of Thursday, Ormat Technologies shares were priced at $109.88, up 54% over the past year and well outperforming the S&P 500’s roughly 20% gain in the same period.

Company overview

Company snapshot

• Ormat Technologies offers geothermal, solar photovoltaic, and recovered energy power generation, as well as energy storage solutions and related equipment.
• The firm generates revenue through the sale of electricity, equipment manufacturing, and engineering, procurement, and construction services for energy projects.
• It serves utilities, industrial operators, and energy infrastructure developers in the United States and international markets.

Ormat Technologies is a leading renewable energy company specializing in geothermal and recovered energy power generation, with a growing presence in energy storage. The company operates across multiple continents, leveraging proprietary technology and vertical integration to deliver reliable clean energy solutions.

Ormat Technologies’ diversified business model and established customer relationships provide a stable revenue base and position it as a key player in the global transition to sustainable energy.

What this transaction means for investors

Investors searching for durable energy transition plays often gravitate toward businesses with physical infrastructure and long-term power contracts, which can provide predictable cash flows even when energy markets turn volatile. That might be what has Ormat surging, and what may have piqued Aperture’s interest.

The company reported roughly $989.6 million in revenue for 2025, climbing 12.5% thanks to booming growth in the firm’s energy storage and product segments.

Within the broader portfolio, the new position sits alongside holdings spanning consumer growth stories like Cava and Dutch Bros as well as industrial names tied to infrastructure spending. That mix suggests a strategy balancing high growth consumer demand with long lived assets tied to energy and infrastructure. Net income was largely flat at $123.9 million, but adjusted EBITDA jumped 6% to $582 million.

In a statement alongside earnings, CEO Doron Blachar pointed to demand for low-carbon electricity driven by AI and data center expansion as reason to be bullish for the future.