In general: certainly not. In fact, we can't even find a good formula for [tex]2^{\aleph_0}[/tex]!
However, there are some partial answers. One of these is the so-called Hausdorff formula which states:
[tex]\aleph_{\beta+1}{\aleph_\alpha}=\aleph_{\beta}^{\aleph_\alpha}\aleph_{\beta+1}[/tex].
There are some other answers. I'll provide a reference for them: staff.science.uva.nl/~vervoort/AST/ast.ps on page 46 and page 50. (to read the file, you'll need to be able to read .ps file though).
The most satisfying answer to this question happens when you assume AC (axiom of choice) and GCH (generalized continuum hypothesis). In that case, there IS a nice formula for exponentiation:
[tex]\aleph_\alpha^{\aleph_\beta}=\left\{\begin{array}{ll}<br />
\aleph_\alpha & \text{if}~\aleph_\beta<cf(\aleph_\alpha)\\<br />
\aleph_{\alpha+1} & \text{if}~cf(\aleph_\alpha}\leq \aleph_\beta\leq \aleph_\alpha\\<br />
\aleph_{\beta+1} & \text{if}~\aleph_\alpha<\aleph_\beta<br />
\end{array}\right.[/tex]
However, GCH is not a generally accept axiom under mathematicians. In fact, most mathematicians think GCH should not be accepted...