3 Best Geothermal Stocks To Buy

In this article, we discuss 3 best geothermal stocks to buy. If you want to see more stocks in this selection, check out 6 Best Geothermal Stocks To Buy. 

3. Berkshire Hathaway Inc. (NYSE:BRK-B)

Number of Hedge Fund Holders: 109

Berkshire Hathaway Inc. (NYSE:BRK-B) is a diversified American conglomerate with interests in multiple businesses including insurance, utilities, freight rail transportation, energy, and more. Berkshire Hathaway Energy generates, transmits, stores, and distributes electricity from natural gas, coal, wind, solar, hydroelectric, nuclear, and geothermal sources.

Berkshire Hathaway Inc. (NYSE:BRK-B)’s Warren Buffett is on a buying spree and he scooped up an additional 6 million shares of Occidental Petroleum Corporation (NYSE:OXY) at the end of September, which raises Berkshire’s ownership to approximately 21%. Investment advisory Truist believes that Buffett has a “clear path” to acquiring Occidental Petroleum. 

Edward Jones analyst James Shanahan upgraded Berkshire Hathaway Inc. (NYSE:BRK-B) to Buy from Hold on September 12. According to Insider Monkey’s data, 109 hedge funds were long Berkshire Hathaway Inc. (NYSE:BRK-B) at the end of Q2 2022, up from 104 funds in the prior quarter. Bill & Melinda Gates Foundation Trust is the leading stakeholder of the company, with 34.6 million shares worth $9.5 billion. 

Here is what Weitz Investment Management has to say about Berkshire Hathaway Inc. (NYSE:BRK-B) in its Q1 2022 investor letter:

“The quarter’s standout performers were a pair of insurers, Berkshire Hathaway (BRK-A, BRK-B). Insurers typically benefit from a strong economy, as pricing tends to improve and the volume of risk to be insured grows. We also expect higher interest rates to translate into higher investment income as insurers recycle premium “float” into higher-yielding securities. Berkshire possesses terrific management and top marks as an opportunistic capital allocator.”