As solar stocks such as First Solar (NASDAQ: FSLR ) and SunPower have risen 32% and 287% respectively so far this year, geothermal companies haven't commanded quite as much attention. In Motley Fool analyst Taylor Muckerman's mind, it is a technology that deserves much greater consideration for the world's energy future. Ormat Technologies (NYSE: ORA ) is a leader in the space and announced extremely strong results for its latest quarter.
Beating EPS estimates yesterday by 116%, Ormat Technologies has plenty of projects in the pipeline to help it continue trouncing expectations. Quite a lot of its focus over the next two years will be centered on the western United States in states like California and Nevada. All told, 32 of its 41 projects in the works can be found in the U.S. Should these projects make their way into our energy landscape, Ormat and its integrated offerings will be as hot as the clean steam it produces.
Unfortunately, oil use isn't going away in the foreseeable future. And with no time like the present, The Motley Fool's chief investment officer selected his No. 1 stock for this year which happens to be in the business of enhancing oil production. We invite you to find out which stock it is in the special free report: "The Motley Fool's Top Stock for 2013". Just click here to access the report and find out the name of this under-the-radar company.