3 Best Geothermal Stocks To Invest In

In this article, we discuss 3 of the best geothermal stocks to invest in. If you want to go through our detailed analysis of the geothermal industry and see more stocks in this selection, check out the 6 Best Geothermal Stocks To Invest In.

3. Chesapeake Energy Corporation (NASDAQ:CHK)

Number of Hedge Fund Holders: 44 

Established in 1989, Chesapeake Energy Corporation (NASDAQ:CHK) specializes in the exploration and sustainable development of prominent assets within three major U.S. oil and gas regions: the Eagle Ford, Haynesville, and Marcellus Shales. The company is headquartered in Oklahoma City, a city often considered the largest “small town” in the industry, and it serves as the hub for significant natural gas and oil enterprises.

In a move towards a cleaner energy future, Chesapeake Energy Corporation (NASDAQ:CHK) announced on October 3 that it is collaborating with Eavor, a prominent geothermal technology-focused energy company, to initiate a feasibility study to evaluate the potential of geothermal energy at Joint Base San Antonio. This partnership is an outcome of the efforts by Chesapeake’s New Energy Ventures (NEV) team, established recently to assess new technologies and alternative energy solutions in pursuit of the company’s net-zero objectives.

By the end of this year’s second quarter, 44 out of the 910 hedge funds polled by Insider Monkey had held a stake in Chesapeake Energy Corporation (NASDAQ:CHK). Out of these, the largest shareholder is Howard Marks’ Oaktree Capital Management since it owns $615 million worth of shares.