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Yahoo
13-04-2025
- Business
- Yahoo
Is Alphabet Inc. (GOOGL) Among the Best Geothermal Stocks to Buy According to Hedge Funds?
We recently published a list of 10 Best Geothermal Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Alphabet Inc. (NASDAQ:GOOGL) stands against other best geothermal stocks to buy according to hedge funds. Geothermal stocks are companies that use heat from the earth to generate electricity, heating, and cooling. This comprises companies in geothermal energy production, exploration, and technology development. The geothermal market is growing rapidly. On April 2, 2025, Dandelion Energy, a prominent private company specializing in home geothermal heating and cooling, announced a partnership with one of the nation's largest homebuilders to integrate geothermal systems into over 1,500 new homes in Colorado over the following two years. The program's goal, which is among the biggest residential geothermal deployments in American history, is to standardize geothermal heating and cooling in new construction. When compared to air-source heat pumps, homeowners may anticipate saving almost $30 million over the next 20 years due to lower energy expenditures and better efficiency. According to a recent Department of Energy report, the widespread use of geothermal heat pumps could reduce the need for 24,500 miles of additional grid transmission lines, which is comparable to crossing the United States eight times. Overall, the collaboration highlights a growing trend toward sustainable homebuilding and lower carbon footprints in residential buildings. Governor of Colorado Jared Polis stated: 'Geothermal energy – the heat beneath our feet – is a clean energy option that will help save Coloradans money and protect our state for future generations. I'm very excited that Dandelion is building on Colorado's leadership on geothermal by connecting more than 1,500 Colorado homes to low-cost heating and cooling. It's good for Coloradans, for our air quality, and our economy,' As we look forward, according to the International Energy Agency's report, geothermal energy, which now meets less than 1% of worldwide demand, is anticipated to supply up to 15% of global power by 2050, with an anticipated capacity of 800 GW and approximately 6,000 TWh per year. Advancements in drilling technology, comprising hydraulic fracturing and horizontal drilling, might unlock geothermal resources at depths greater than 3 km, hence extending the global potential. In 2023, more than 75% of global geothermal capacity was utilized, greatly outperforming wind (30%) and solar (15%) in terms of capacity factor. Investment in geothermal energy could surpass $1 trillion by 2035 due to decreased costs and oil and gas sector expertise. Government support may reduce prices by 80% by 2035, putting geothermal on equal ground with solar and wind. There are still major obstacles to overcome, such as the lack of qualified workers, environmental effects, and delays in obtaining permits. The success of geothermal energy depends on governments streamlining procedures, offering incentives, and encouraging research to fulfill the world's expanding demand for electricity. As per Deloitte's report, rapidly maturing Enhanced geothermal systems (EGS) capable of providing 24/7 baseload electricity by accessing deep heat reservoirs are benefiting from federal funding and cross-sector investment in technological advances such as new drilling techniques and extreme heat operations, as well as bipartisan support to accelerate projects. Technology companies are collaborating with developers to produce geothermal electricity, as well as with utilities to facilitate EGS deployments by offering a clean transition tariff to cover the costs and risks of implementing a new technology. Meanwhile, a utility inked the largest geothermal power purchase agreement, reaching 320 MW, to meet a public utility commission's need to obtain carbon-free power 24 hours a day, seven days a week. A user's hands typing a search query into a Google Search box, emphasizing the company's search capabilities. We sifted through online rankings to form an initial list of 10 Geothermal stocks. From the resultant dataset, we chose the top 9 stocks most favored by hedge funds, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have also included a pure-play private geothermal company and ranked it 10th on our list. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Investors: 234 The tech giant and the Best Geothermal Stock, Alphabet Inc. (NASDAQ:GOOGL) is expanding its interest in geothermal energy through a partnership with Fervo Energy, a firm that develops advanced geothermal systems. This partnership focuses on implementing artificial intelligence and machine learning to improve the efficiency and responsiveness of geothermal power facilities. On June 11, 2024, the company teamed up with NV Energy to grow its geothermal power supply for Nevada data centers from 3.5 MW to 115 MW over 6 years, moving closer to its goal of 100% renewable energy by 2030. Alphabet Inc. (NASDAQ:GOOGL) has committed to investing $4 billion in data center expansions in the United States by 2024. The deal, which is part of NV Energy's Clean Transition Tariff, comprises a power purchase agreement with Fervo Energy, a geothermal producer. Geothermal energy accounts for 10% of Nevada's electricity, the highest among U.S. states. Few companies can compete with its profile. In terms of financials, Alphabet Inc. (NASDAQ:GOOGL)'s earnings report for the fourth quarter of 2024 showed a revenue of $96.47 billion, up 11.77% year on year, with EPS of $2.15. Operating income was recorded at $31 billion, with net income at $26.5 billion, up 28% and 31%, respectively. The company's cash reserves stand at $95 billion. In terms of business model, the company's portfolio affects nearly every smartphone user on the planet. The investments in artificial intelligence are the game changers. Overall, GOOGL ranks 1st on our list of best geothermal stocks to buy according to hedge funds. While we acknowledge the potential of ethanol companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than GOOGL but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Schlumberger Limited (SLB): One of the Best Geothermal Stocks to Buy According to Hedge Funds
We recently published a list of 10 Best Geothermal Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Schlumberger Limited (NYSE:SLB) stands against other best geothermal stocks to buy according to hedge funds. Geothermal stocks are companies that use heat from the earth to generate electricity, heating, and cooling. This comprises companies in geothermal energy production, exploration, and technology development. The geothermal market is growing rapidly. On April 2, 2025, Dandelion Energy, a prominent private company specializing in home geothermal heating and cooling, announced a partnership with one of the nation's largest homebuilders to integrate geothermal systems into over 1,500 new homes in Colorado over the following two years. The program's goal, which is among the biggest residential geothermal deployments in American history, is to standardize geothermal heating and cooling in new construction. When compared to air-source heat pumps, homeowners may anticipate saving almost $30 million over the next 20 years due to lower energy expenditures and better efficiency. According to a recent Department of Energy report, the widespread use of geothermal heat pumps could reduce the need for 24,500 miles of additional grid transmission lines, which is comparable to crossing the United States eight times. Overall, the collaboration highlights a growing trend toward sustainable homebuilding and lower carbon footprints in residential buildings. Governor of Colorado Jared Polis stated: 'Geothermal energy – the heat beneath our feet – is a clean energy option that will help save Coloradans money and protect our state for future generations. I'm very excited that Dandelion is building on Colorado's leadership on geothermal by connecting more than 1,500 Colorado homes to low-cost heating and cooling. It's good for Coloradans, for our air quality, and our economy,' As we look forward, according to the International Energy Agency's report, geothermal energy, which now meets less than 1% of worldwide demand, is anticipated to supply up to 15% of global power by 2050, with an anticipated capacity of 800 GW and approximately 6,000 TWh per year. Advancements in drilling technology, comprising hydraulic fracturing and horizontal drilling, might unlock geothermal resources at depths greater than 3 km, hence extending the global potential. In 2023, more than 75% of global geothermal capacity was utilized, greatly outperforming wind (30%) and solar (15%) in terms of capacity factor. Investment in geothermal energy could surpass $1 trillion by 2035 due to decreased costs and oil and gas sector expertise. Government support may reduce prices by 80% by 2035, putting geothermal on equal ground with solar and wind. There are still major obstacles to overcome, such as the lack of qualified workers, environmental effects, and delays in obtaining permits. The success of geothermal energy depends on governments streamlining procedures, offering incentives, and encouraging research to fulfill the world's expanding demand for electricity. As per Deloitte's report, rapidly maturing Enhanced geothermal systems (EGS) capable of providing 24/7 baseload electricity by accessing deep heat reservoirs are benefiting from federal funding and cross-sector investment in technological advances such as new drilling techniques and extreme heat operations, as well as bipartisan support to accelerate projects. Technology companies are collaborating with developers to produce geothermal electricity, as well as with utilities to facilitate EGS deployments by offering a clean transition tariff to cover the costs and risks of implementing a new technology. Meanwhile, a utility inked the largest geothermal power purchase agreement, reaching 320 MW, to meet a public utility commission's need to obtain carbon-free power 24 hours a day, seven days a week. An aerial view of a well site, depicting the scale of oil and gas operations. We sifted through online rankings to form an initial list of 10 Geothermal stocks. From the resultant dataset, we chose the top 9 stocks most favored by hedge funds, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have also included a pure-play private geothermal company and ranked it 10th on our list. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (). 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. Overall, SLB ranks 4th on our list of best geothermal stocks to buy according to hedge funds. While we acknowledge the potential of SLB, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than SLB but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
Is Chevron Corporation (CVX) Among the Best Geothermal Stocks to Buy According to Hedge Funds?
We recently published a list of 10 Best Geothermal Stocks to Buy According to Hedge Funds. In this article, we are going to take a look at where Chevron Corporation (NYSE:CVX) stands against other best geothermal stocks to buy according to hedge funds. Geothermal stocks are companies that use heat from the earth to generate electricity, heating, and cooling. This comprises companies in geothermal energy production, exploration, and technology development. The geothermal market is growing rapidly. On April 2, 2025, Dandelion Energy, a prominent private company specializing in home geothermal heating and cooling, announced a partnership with one of the nation's largest homebuilders to integrate geothermal systems into over 1,500 new homes in Colorado over the following two years. The program's goal, which is among the biggest residential geothermal deployments in American history, is to standardize geothermal heating and cooling in new construction. When compared to air-source heat pumps, homeowners may anticipate saving almost $30 million over the next 20 years due to lower energy expenditures and better efficiency. According to a recent Department of Energy report, the widespread use of geothermal heat pumps could reduce the need for 24,500 miles of additional grid transmission lines, which is comparable to crossing the United States eight times. Overall, the collaboration highlights a growing trend toward sustainable homebuilding and lower carbon footprints in residential buildings. Governor of Colorado Jared Polis stated: 'Geothermal energy – the heat beneath our feet – is a clean energy option that will help save Coloradans money and protect our state for future generations. I'm very excited that Dandelion is building on Colorado's leadership on geothermal by connecting more than 1,500 Colorado homes to low-cost heating and cooling. It's good for Coloradans, for our air quality, and our economy,' As we look forward, according to the International Energy Agency's report, geothermal energy, which now meets less than 1% of worldwide demand, is anticipated to supply up to 15% of global power by 2050, with an anticipated capacity of 800 GW and approximately 6,000 TWh per year. Advancements in drilling technology, comprising hydraulic fracturing and horizontal drilling, might unlock geothermal resources at depths greater than 3 km, hence extending the global potential. In 2023, more than 75% of global geothermal capacity was utilized, greatly outperforming wind (30%) and solar (15%) in terms of capacity factor. Investment in geothermal energy could surpass $1 trillion by 2035 due to decreased costs and oil and gas sector expertise. Government support may reduce prices by 80% by 2035, putting geothermal on equal ground with solar and wind. There are still major obstacles to overcome, such as the lack of qualified workers, environmental effects, and delays in obtaining permits. The success of geothermal energy depends on governments streamlining procedures, offering incentives, and encouraging research to fulfill the world's expanding demand for electricity. As per Deloitte's report, rapidly maturing Enhanced geothermal systems (EGS) capable of providing 24/7 baseload electricity by accessing deep heat reservoirs are benefiting from federal funding and cross-sector investment in technological advances such as new drilling techniques and extreme heat operations, as well as bipartisan support to accelerate projects. Technology companies are collaborating with developers to produce geothermal electricity, as well as with utilities to facilitate EGS deployments by offering a clean transition tariff to cover the costs and risks of implementing a new technology. Meanwhile, a utility inked the largest geothermal power purchase agreement, reaching 320 MW, to meet a public utility commission's need to obtain carbon-free power 24 hours a day, seven days a week. A tanker truck making its way through a refinery facility. . We sifted through online rankings to form an initial list of 10 Geothermal stocks. From the resultant dataset, we chose the top 9 stocks most favored by hedge funds, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have also included a pure-play private geothermal company and ranked it 10th on our list. 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 373.4% since May 2014, beating its benchmark by 218 percentage points (). Number of Hedge Fund Investors: 81 Chevron Corporation (NYSE:CVX) is a fully integrated energy business with global operations in exploration, production, and refining. It is the second-largest oil business in the United States, producing 3.1 million barrels of oil equivalent per day, which includes 7.7 million cubic feet of natural gas and 1.8 million barrels of liquids per day. Although Chevron Corporation (NYSE:CVX) is largely an oil and gas firm, it also invests in geothermal energy, ranking it third among the Best Geothermal Stocks. The business has been active in geothermal projects for decades, primarily in Indonesia and the Philippines. The firm is collaborating with Baseload Capital, Mitsui Oil, and Pertamina to develop revolutionary geothermal technologies that will allow it to extract energy from almost anywhere. Its pilot-to-project model seeks to reduce risk, commercialize, and scale geothermal for clean energy and the production of hydrogen. The business pairs modern closed-loop and upgraded geothermal technologies with traditional approaches to offer dependable, low-carbon energy alternatives. The company recorded strong results in the fourth quarter of 2024, with revenue of $52.23 billion, a 10.7% growth over the same period last year. The revenue also beat Street expectations by more than $3.8 billion. This growth was primarily driven by a 7% surge in global production and a 19% spike in US output, both of which set new records for the year. In addition, Chevron Corporation (NYSE:CVX) generated approximately $8 billion in asset sales while still maintaining a strong financial position, with a net debt ratio of 10% at the end of the year. The firm's financial position has remained steady over time, which has strengthened its dividend policy. In the fiscal year 2024, it generated $31.5 billion in operating cash flow and $15 billion in free cash flow. Overall, CVX ranks 3rd on our list of best geothermal stocks to buy according to hedge funds. While we acknowledge the potential of CVX, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than CVX but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Associated Press
02-04-2025
- Business
- Associated Press
Dandelion Energy and Lennar Announce One of the Largest Residential Geothermal Deployments in US History
The partnership establishes a framework for making geothermal heating and cooling the standard in new home construction. ARLINGTON, Va., April 2, 2025 /PRNewswire/ -- Dandelion Energy, the nation's leading home geothermal heating and cooling company, today announced they are partnering with Lennar Corporation (NYSE: LEN and LEN. B), one of the nation's leading homebuilders, on one of the most significant residential geothermal heat pump deployments in US history. Over the next two years, Dandelion's innovative geothermal systems will be integrated into over 1,500 new Lennar homes built in Colorado. Geothermal offers the lowest monthly energy bills for homeowners who are expected to save approximately $30 million over 20 years compared to heating with air-source heat pumps. Dandelion Energy, a leader in residential geothermal systems, has developed a streamlined installation process that makes it easier and more affordable than ever for builders and homeowners to benefit from geothermal heat pumps. By eliminating the need for outdoor AC units and traditional heating systems, Dandelion's technology enhances home efficiency and durability. Homeowners in participating communities will enjoy the peace of mind that comes with a low-maintenance, resilient, and emissions-free heating and cooling solution. 'This partnership with Lennar sets a new benchmark for affordable, energy efficient, and high-quality home heating and cooling,' said Daniel Yates, CEO at Dandelion Energy. 'We're excited to bring our geothermal technology into a high-production environment and accelerate our efforts to deliver the unparalleled comfort, performance, and cost savings of geothermal heat pumps to Colorado homeowners.' 'Our collaboration with Dandelion Energy brings innovative geothermal technology into our homes—offering Colorado homeowners a cleaner, more efficient way to heat and cool their homes, while reducing long-term costs and future-proofing their investment,' said Stuart Miller, Executive Chairman and Co-CEO of Lennar. 'It supports our broader commitment to making high-quality, attainable housing more accessible.' Geothermal heat pumps dramatically lower home energy use and costs. Due to their superior efficiency, geothermal heat pumps also significantly reduce peak electric demand. According to a recent report from the Department of Energy, widespread adoption of geothermal heat pumps could eliminate the need for 24,500 miles of new grid transmission lines — the equivalent of crossing the United States eight times. 'Geothermal energy - the heat beneath our feet - is a clean energy option that will help save Coloradans money and protect our state for future generations. I'm very excited that Dandelion is building on Colorado's leadership on geothermal by connecting more than 1,500 Colorado homes to low-cost heating and cooling. It's good for Coloradans, for our air quality, and our economy,' said Governor Polis. 'Geothermal heat pumps are extremely efficient at both heating and cooling, while reducing emissions, easing demand on the electric grid, and saving residents thousands of dollars on energy costs,' said Colorado Energy Office Executive Director Will Toor. 'Ensuring affordable access to geothermal heating and cooling is essential to achieve net-zero emissions by 2050, and we're excited to be part of such a huge effort to bring this technology to so many new Colorado homes.' This initiative will benefit from incentives including Colorado's state tax credit for geothermal heat pumps and Xcel Energy's geothermal and all-electric new construction programs. With incentives, the up-front cost of geothermal heat pumps is significantly reduced for homebuilders like Lennar, enabling broader adoption and significant benefits to Colorado residents. 'This ground-source heat pump project is an example of how our Clean Heat Plan and our electrification strategy for new home developments are delivering on our shared climate goals and keeping bills low,' said Robert Kenney, President of Xcel Energy-CO. 'Our customer options, including rebates, are designed to lower the cost of highly efficient electric technologies for customers interested in all-electric new homes, as well as replacing their natural gas furnaces to reduce the use of natural gas in existing homes. We'll continue working with the Governor's office, the state, local governments and industry partners to raise awareness for the new programs and rebates available to our customers to lower their own emissions and keep their energy bills low.' 'Colorado is leading the nation in the transition to clean energy, and today's groundbreaking marks a major step forward in that effort. With this investment, we are not only reducing carbon emissions but helping to lower energy costs for families. Colorado is proving that we can fight climate change, create good-paying jobs, and ensure a healthier future for all,' said Senator Michael Bennet, Senator John Hickenlooper, and Congressman Jason Crow. About Dandelion Energy Dandelion Energy is a leading provider of residential geothermal heating and cooling solutions with a mission to make geothermal energy accessible and affordable for homeowners. Since 2017, Dandelion has installed thousands of residential geothermal heat pumps and installed over 1 million linear feet of ground loops throughout the United States. The nation's leading homebuilders are partnering with Dandelion to bring the benefits of geothermal to their home buyers. For more information, please visit About Lennar Corporation Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit 678-644-4122 Danielle Tocco Lennar Corporation 949-789-1633
