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.”
2. Polaris Renewable Energy Inc. (OTC:RAMPF)
Number of Hedge Fund Holders: N/A
Polaris Renewable Energy Inc. (OTC:RAMPF) was incorporated in 1984 and is based in Toronto, Canada. The company engages in the acquisition and development of renewable energy projects in Latin America. Polaris Renewable Energy Inc. (OTC:RAMPF) operates a 72 MW net geothermal facility in Nicaragua, as well as hydroelectric facilities and solar projects. The firm’s latest quarterly dividend of $0.15 per share was paid on August 26. Polaris Renewable Energy Inc. (OTC:RAMPF) is one of the best geothermal stocks to buy.
On September 28, National Bank analyst Rupert Merer initiated coverage of Polaris Renewable Energy Inc. (OTC:RAMPF) with an Outperform rating and a C$21 price target, calling it “a growing renewable power infrastructure platform” in Latin America.
1. Climeon AB (publ) (STO:CLIME-B.ST)
Number of Hedge Fund Holders: N/A
Climeon AB (publ) (STO:CLIME-B.ST) was founded in 2011 and is headquartered in Kista, Sweden. The company provides heat power systems in Sweden and the rest of Europe, as well as Asia. Climeon AB (publ) (STO:CLIME-B.ST) serves the geothermal, industrial processes, oil and gas, and maritime industries. Its Heat Power System technology utilizes low temperature geothermal energy and wasted heat energy emitted from engines and industrial processes to produce electricity. Climeon AB (publ) (STO:CLIME-B.ST) is one of the best geothermal stocks to buy.
You can also take a look at 13 Best Cybersecurity Stocks To Buy and 10 Best Diversified Dividend Stocks To Buy.
