10 Best Geothermal Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Investors: 131

Warren Buffett leads Berkshire Hathaway Inc. (NYSE:BRK-B), a worldwide conglomerate holding business. The firm owns and invests in a variety of industries, such as insurance, utilities, railroads, and manufacturing. BHE Renewables, the company’s Energy business, owns solar, wind, geothermal, and hydroelectric facilities that generate electricity for the wholesale market and clients under long-term contracts. The stock was up by more than 13% YTD, making it one of the Best Geothermal Stocks.

Berkshire Hathaway Inc. (NYSE:BRK-B) Renewables generates geothermal energy and operates ten sites in California’s Imperial Valley, producing 345 megawatts of electricity. The company’s geothermal brines feature relatively high lithium concentrations, creating a potential revenue possibility. By extracting lithium from these brines, the business can capitalize on the expanding demand for battery-grade lithium, adding a significant revenue stream to its main operations.

Berkshire Hathaway Inc. (NYSE:BRK-B) has increased its geothermal investments, with a particular focus on California and Nevada. In February 2024, it acquired two geothermal units in California, expanding its green energy portfolio.