10 Best Geothermal Stocks to Buy According to Hedge Funds

4. Schlumberger Limited (NYSE:SLB)

Number of Hedge Fund Investors: 80

Schlumberger Limited (NYSE:SLB) is the world’s leading oilfield services firm by market share. While the market is largely fragmented, it is the first or second most competitive player in many of the varied oligopolies it participates. Today, it is best regarded as a worldwide innovation leader, with a strategy focused on three growth engines: core, digital, and new energy companies. Over three-fourths of its revenue comes from international markets, and the business generates approximately $3 billion in digital sales.

Schlumberger (NYSE:SLB) is included in our list as one of the Best Geothermal Stocks because it has substantially invested in geothermal energy through its GeothermEx division. The company is involved in nearly 80% of the world’s geothermal power projects, providing a full spectrum of services from geothermal power generation to geothermal heating and cooling for buildings. GeothermEx’s consulting services include all aspects of geothermal operations, using innovative technology in well building, digital solutions, and field development to ensure long-term energy production. On January 22, 2025, Schlumberger Limited (NYSE:SLB) and Star Energy Geothermal established a technology agreement to promote geothermal development. The collaboration intends to boost recovery rates and save costs for geothermal projects by utilizing the company’s AI-driven, well-controlled, and subsurface characterization capabilities.

Schlumberger Limited (NYSE:SLB) reported an impressive Q4 2024, with an adjusted EPS of $0.92 above estimates by $0.02. The company’s sales of $9.28 billion were up 3.27% YoY and above expectations by about $103 million. The business is also profiting from its global reach, as seen by a 12% international revenue growth during fiscal year 2024. It also conducted accelerated share repurchase activities, repurchasing $2.3 billion of its stock, and increased its quarterly dividend by 3.6% to $0.285 per share. The company intends to repay at least $4 billion to its shareholders by 2025.