In this article, we will look at the 7 Best Geothermal Stocks to Buy Now.
Geothermal stocks are getting a closer look as investors search for cleaner power sources that can do something wind and solar alone cannot always guarantee: provide steadier electricity around the clock. Rising electricity needs from data centers, industrial reshoring, and grid modernization are pushing attention toward energy sources that are both cleaner and more dependable. Wellington frames that shift clearly, calling “advanced geothermal” a “clean, firm power supply” and noting that it is “of interest to hyperscalers.” Geothermal is starting to look less like a niche renewable and more like a practical answer to the market’s growing appetite for reliable low-carbon power.
Schroders says renewable assets, including “geothermal,” are “predominantly contracted assets” with “secure income and inflation-linked cash flows,” which helps explain why the space can appeal not just to growth-oriented clean-energy investors but also to those looking for more defensive infrastructure characteristics. Invesco, from a portfolio-construction angle, explicitly includes “geothermal” among “other relevant renewable energy businesses,” treating it as part of the investable clean-energy universe rather than an outlier technology.
Geothermal stocks are not limited to companies that own and operate geothermal power plants. The investable universe includes utilities with geothermal assets, oilfield-service companies adapting drilling and subsurface expertise to geothermal, industrial equipment suppliers, HVAC and heat-pump companies, and engineering consultants.
With that in mind, let’s take a look at the 7 Best Geothermal Stocks to Buy Now.
Our Methodology
We used the Finviz screener to identify geothermal stocks that have recently reported noteworthy developments likely to impact investor sentiment. These stocks are also popular among analysts and elite hedge funds.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 498.7% since May 2014, beating its benchmark by 303 percentage points (see more details here).
7. Constellation Energy Corporation (NASDAQ:CEG)
On April 21, 2026, Morgan Stanley lowered its price target on Constellation Energy Corporation (NASDAQ:CEG) to $360 from $385 and maintained an Overweight rating as part of a broader update across regulated and diversified utilities and independent power producers in North America. The firm noted that utilities outperformed the S&P in March.
Also on April 21, 2026, Evercore ISI resumed coverage of Constellation Energy Corporation with an Outperform rating and a $380 price target. The firm said that following the completion of Constellation’s $26.6B acquisition of Calpine on January 7, the combined company now has about 55 GW of capacity across nuclear, natural gas, geothermal, hydro, wind, solar, and battery storage, representing what management estimates is roughly 10% of U.S. clean energy production.
Toward the end of March, Constellation issued 2026 adjusted EPS guidance of $11 to $12, below analyst estimates of $12.11. The company also projected base EPS growth of more than 20% from 2026 through 2029, reiterated its long-term target of more than 10% rolling three-year base EPS growth, and increased its share repurchase authorization to $5B.
Constellation Energy Corporation produces and sells energy products and services in the United States.
6. Weatherford International plc (NASDAQ:WFRD)
On April 23, 2026, Piper Sandler raised its price target on Weatherford International plc (NASDAQ:WFRD) to $118 from $115 and maintained an Overweight rating. The firm said management struck a positive tone for the second half of 2026 and beyond, driven by global energy security-related investment. While Piper cut Q2 estimates due to an expected $30M to $50M profit impact in the first half from disruptions in the Middle East, it noted management expects activity to rebound in the second half if the conflict is resolved by the end of Q2. The firm added that a prolonged conflict could create roughly $10M in monthly earnings risk in the second half of the year.
On April 21, 2026, Weatherford reported Q1 EPS of $1.49, above the $1.06 consensus, and revenue of $1.15B versus $1.14B consensus. Girish Saligram said the company delivered strong operating results despite disruptions in the Middle East, citing efforts to protect employees, maintain customer operations, and offset revenue losses and higher costs tied to the Iran conflict through strength in other parts of the business. He added that near-term visibility remains limited, with Q2 expected to be softer than previously anticipated, though the company maintained its second-half outlook and full-year adjusted free cash flow guidance.
Earlier in the month, Weatherford announced plans to redomicile its parent company from Ireland to the U.S., with Texas set to become its new legal home, subject to shareholder and customary approvals. The company said the move is expected to simplify its corporate structure, potentially broaden its U.S. shareholder base, improve flexibility around tax developments, and enhance long-term shareholder value without affecting its global operations.
Weatherford International plc (NASDAQ:WFRD) provides equipment and services for the drilling, evaluation, completion, production, and intervention of oil, geothermal, and natural gas wells globally.
5. Eversource Energy (NYSE:ES)
On April 22, 2026, BofA analyst Ross Fowler lowered the price target on Eversource Energy (NYSE:ES) to $72 from $73 and maintained a Buy rating. The firm estimates Q1 adjusted EPS of $1.58, slightly below consensus but higher year over year, driven primarily by gains in Natural Gas Distribution and smaller contributions from electric segments. BofA said those gains are being partially offset by higher interest expense and a somewhat higher tax rate at the parent level.
Earlier in April, Wells Fargo lowered its price target on Eversource Energy to $74 from $78 and maintained an Overweight rating. The firm said FERC’s move to cut New England transmission ROE to 9.57% is a headline negative for Eversource and could pressure its growth trajectory, adding that potential regulatory remedies are unlikely to materially improve FY26.
Last month, Eversource said a proposed final decision in the Aquarion case was a constructive development and noted that the sale of Aquarion is not included in its 2026 guidance. The company said it has already taken steps to support stability regardless of the transaction outcome, including issuing junior subordinated notes, filing a rate case for Aquarion, and completing a $600M parent-level debt issuance last October. Eversource reaffirmed its 2026 earnings outlook of $4.80 to $4.95 per share and its long-term EPS growth target of 5% to 7% through 2030, based on 2025 non-GAAP EPS of $4.76.
Eversource Energy is a utility holding company operating electric distribution, electric transmission, natural gas distribution, and water distribution businesses.
4. Baker Hughes Company (NASDAQ:BKR)
On April 26, 2026, Jefferies raised its price target on Baker Hughes Company (NASDAQ:BKR) to $80 from $67 and maintained a Buy rating following the company’s Q1 report. The firm said the earnings call reinforced a “constructive” long-cycle outlook and noted that rising energy security priorities could benefit Baker Hughes.
On April 24, 2026, Baker Hughes reported Q1 adjusted EPS of 58c, above the 49c consensus, revenue of $6.59B versus $6.33B consensus, and orders of $8.16B. Lorenzo Simonelli said the company delivered exceptional first-quarter results despite disruptions in the Middle East, adding that execution across the portfolio helped results exceed guidance.
Earlier in the month, Piper Sandler raised its price target on Baker Hughes Company to $64 from $61 and maintained an Overweight rating. The firm said oilfield services stocks have recently traded in line with swings in oil prices tied to the U.S./Israel-Iran conflict, while investors are also watching whether U.S. land activity can sustain momentum. Piper said management teams are likely to focus on controllable factors while positioning for longer-term growth.
Baker Hughes Company provides technologies and services across the energy and industrial value chain, including oilfield equipment and services for onshore and offshore operations.
3. Nabors Industries Ltd. (NYSE:NBR)
On April 15, 2026, Morgan Stanley raised its price target on Nabors Industries Ltd. (NYSE:NBR) to $100 from $80 and maintained an Overweight rating. The firm said that beyond disruptions in the Middle East, higher oil prices could support increased upstream capital spending and noted that its 2027 and 2028 EBITDA estimates for energy services and equipment companies are now about 6% above consensus on average.
Similarly, Piper Sandler raised its price target on Nabors Industries Ltd. to $84 from $80 and maintained an Overweight rating. The firm said oilfield services stocks have recently traded in response to swings in oil prices tied to the U.S./Israel-Iran conflict, while investors are also focused on whether U.S. land activity can maintain momentum. Piper expects that issue to remain a major theme during earnings season.
Earlier in April, Susquehanna raised its price target on Nabors Industries Ltd. to $85 from $70 and maintained a Neutral rating as part of a broader Q1 preview for oilfield services companies. The firm said the Iran conflict has been a significant catalyst for commodity prices and energy stocks. While Susquehanna lowered estimates for companies with Middle East exposure due to disruptions and higher costs, it said tighter supply conditions could create a more favorable medium- and long-term backdrop.
Nabors Industries Ltd. provides drilling and drilling-related services for land-based and offshore oil and natural gas wells worldwide.
2. Helmerich & Payne, Inc. (NYSE:HP)
On April 15, 2026, Piper Sandler raised its price target on Helmerich & Payne, Inc. to $41 from $40 and maintained an Overweight rating. The firm said oilfield services stocks have recently traded in line with swings in oil prices tied to the U.S./Israel-Iran conflict, while investors are increasingly focused on whether U.S. land activity can sustain momentum. Piper expects that issue to remain a key topic during earnings season, particularly given the lack of a rig activity response so far.
Earlier in April, Susquehanna raised its price target on Helmerich & Payne, Inc. to $42 from $40 and maintained a Positive rating as part of a broader Q1 preview for oilfield services companies. The firm said the Iran conflict has been a significant positive catalyst for commodity prices and energy stocks. While it lowered estimates for companies with Middle East exposure due to disruptions and higher costs, Susquehanna said tighter supply conditions could improve the medium- and long-term outlook for the sector.
Last month, Helmerich & Payne announced leadership changes following Trey Adams’ appointment as President and CEO on March 4, 2026. The company said Kevin Vann, senior vice president and CFO, will retire effective June 30, 2026, and Todd Scruggs, currently vice president of corporate finance and treasury, will succeed him as senior vice president and CFO on July 1. Vann will remain in his current role through June and continue as a senior advisor through the end of the year to support the transition.
Helmerich & Payne, Inc. provides drilling solutions and technologies for oil and gas exploration and production companies.
1. Ormat Technologies, Inc. (NYSE:ORA)
On April 16, 2026, JPMorgan lowered its price target on Ormat Technologies, Inc. (NYSE:ORA) to $106 from $108 and maintained a Neutral rating as part of a broader Q1 preview across the clean energy and power infrastructure group. The firm said a “catalyst-rich environment,” including potential data center contract announcements and rising order volumes, could continue to support sentiment, while maintaining a preference for companies with significant U.S. manufacturing exposure, diversified end markets, and strong balance sheets.
Last month, Ormat Technologies announced plans to offer $600M of Series A convertible senior notes due 2031 and $150M of Series B convertible senior notes due 2031 in private offerings to qualified institutional buyers under Rule 144A, subject to market conditions and other factors.
Earlier in March, RBC Capital initiated coverage of Ormat Technologies, Inc. with an Outperform rating and a $130 price target, describing the company as a vertically integrated leader in geothermal energy development. RBC said geothermal is increasingly positioned to support growing hyperscaler demand and transactions, with Ormat offering a source of always-on clean power.
Ormat Technologies, Inc. operates geothermal and recovered energy power businesses across the U.S. and international markets.
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