“A Little-Known Energy Trend Is Starting to Attract Serious Attention” is the headline from Keith Kohl's Energy & Capital promotion, published by Angel Publishing. The pitch says geothermal power is clean, reliable and always available, and that a small group of public companies could benefit as adoption grows.
The offer points readers toward a report called “Geothermal Energy: Trends, Outlook, and 3 Key Stocks” and promises three ways to play geothermal's steady rise. We identify the basket below. We're 98/100 confident in the headline pick, with 96/100 confidence in each companion stock.
Reading between the lines
The promotion gives away a tidy set of roles: one company that directly owns and operates geothermal power plants, one oilfield-services business positioned as geothermal infrastructure, and one supplier covering drilling, engineering and subsurface technology. That's a much narrower fingerprint than the broad phrase “clean energy.”
The same pitch is also branded as “Geothermal Energy: 3 Key Stocks,” “Geothermal Energy: Trends, Outlook, and 3 Key Stocks,” “3 Stocks to Play Geothermal's Steady Rise,” “Geothermal Energy,” and “A Little-Known Energy Trend.” Those names all refer to the same geothermal-stock pitch.
The stocks behind Geothermal Energy: 3 Key Stocks
The answer is Ormat Technologies, ticker ORA. It is the promotion's headline pick and the basket's direct geothermal owner-operator.
The strongest clue is the exact Energy & Capital page titled “Geothermal Energy: Trends, Outlook, and 3 Key Stocks,” which names Ormat, Halliburton and Baker Hughes: https://www.energyandcapital.com/geothermal-energy-trends-outlook-and-3-key-stocks/. Ormat's 2024 Form 10-K backs up the distinctive role, saying the company primarily engages in geothermal energy and designs, develops, builds, owns and operates geothermal power plants: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001296445/81527162-e05a-4ed5-bbc2-f772877cdccd.html.
The other two names are Halliburton, ticker HAL, and Baker Hughes, ticker BKR. Halliburton describes geothermal well construction, drilling and subsurface services, while Baker Hughes says its offering runs from subsurface work to power generation. They belong in the basket, but they aren't three copies of Ormat. The separate bonus guesses, SLB, NRP and AVGO, are each only 29/100 confidence: those names appear on a different Energy & Capital dividend page, while the stated CHANGE Report title itself couldn't be verified.
| # | Ticker | Company | Our confidence |
|---|
| Main pick | ORA | Ormat Technologies Inc | 98/100 — high |
| 2 | HAL |
Also in this offer
The offer bundles 3 bonus reports that tease their own stocks. These get a sentence or two of copy each, so the evidence is much thinner than for the main pick and what follows is our best reading rather than a confident answer.
| Bonus report | Our best guess | Confidence |
|---|
| Exclusive CHANGE Report: Three, Fat, Dividend-Paying, Blue-Chip, Contrarian Stocks to Buy Now | SLB — Schlumberger NV | 29/100 — best guess |
| Exclusive CHANGE Report: Three, Fat, Dividend-Paying, Blue-Chip, Contrarian Stocks to Buy Now | NRP — Natural Resource Partners LP | 29/100 — best guess |
| Exclusive CHANGE Report: Three, Fat, Dividend-Paying, Blue-Chip, Contrarian Stocks to Buy Now | |
What survives the paperwork
The claim-by-claim table below tests the promotion's sector claims, the job assigned to each basket member, and the weaker bonus-report identifications against government, company and SEC sources.
The key distinction is exposure. Government sources support geothermal's reliability and high capacity factor, while the company filings and websites show whether each stock actually owns geothermal assets or sells services into the industry.
ORA — Ormat Technologies Inc
| The promotion claims | Verdict | What we found |
|---|
| Ormat is one of the three stocks in the geothermal report. | Checks out | Energy & Capital’s exact geothermal article names Ormat as the direct geothermal stock in its three-stock group: https://www.energyandcapital.com/geothermal-energy-trends-outlook-and-3-key-stocks/. |
| Ormat is the basket’s direct geothermal owner-operator. | Checks out | Ormat’s 2024 Form 10-K says the company primarily engages in geothermal energy and designs, develops, builds, owns and operates geothermal power plants: https://d18rn0p25nwr6d.cloudfront.net/CIK-0001296445/81527162-e05a-4ed5-bbc2-f772877cdccd.html. |
HAL — Halliburton Company
| The promotion claims | Verdict | What we found |
|---|
| Halliburton is one of the three stocks in the geothermal report. | Checks out | Energy & Capital’s exact geothermal article names Halliburton as one of its three stocks: https://www.energyandcapital.com/geothermal-energy-trends-outlook-and-3-key-stocks/. |
| Halliburton is an infrastructure play, not a geothermal power producer. | Checks out | Energy & Capital explicitly says Halliburton is not a geothermal power producer and frames it as an infrastructure play; Halliburton’s own geothermal page describes well construction, drilling and subsurface services: https://www.halliburton.com/en/low-carbon-solutions/geothermal. |
BKR — Baker Hughes Co
| The promotion claims | Verdict | What we found |
|---|
| Baker Hughes is one of the three stocks in the geothermal report. | Checks out | Energy & Capital’s exact geothermal article names Baker Hughes as the third stock: https://www.energyandcapital.com/geothermal-energy-trends-outlook-and-3-key-stocks/. |
| Baker Hughes supplies geothermal drilling, engineering and subsurface technology. | Checks out | Baker Hughes says its geothermal portfolio spans “subsurface to power generation” and includes drilling, well planning, reservoir expertise and surface equipment: https://www.bakerhughes.com/featured-solutions/geothermal-solutions. |
Claims about the pitch itself
| The promotion claims | Verdict | What we found |
|---|
| Geothermal energy is a reliable, always-on source of clean power. | Checks out | The U.S. Department of Energy says geothermal power is reliable and “always available, regardless of weather conditions,” with emissions as low as solar, wind and hydropower: https://www.energy.gov/sites/default/files/2023-02/DOE-EE-2680-GTO-Geothermal-Overview-8-5x11.pdf. |
| A small group of public companies can benefit as geothermal adoption accelerates. | Checks out | Energy & Capital’s geothermal report identifies three publicly traded companies with different forms of exposure to expanding geothermal development: Ormat, Halliburton and Baker Hughes: https://www.energyandcapital.com/geothermal-energy-trends-outlook-and-3-key-stocks/. |
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The basket, on its own merits
The promotion's central argument is simple: geothermal is dependable clean power, adoption is rising, and these three companies are positioned to benefit. The first link holds up. The U.S. Department of Energy calls geothermal reliable and available regardless of weather, and the Energy Information Administration recorded a 74.3% U.S. geothermal capacity factor in 2020.
The weak link is the leap from a credible energy source to an attractive three-stock basket. Ormat has the cleanest connection because geothermal generation is its core business. Halliburton and Baker Hughes offer useful drilling, well-construction and subsurface capabilities, but their geothermal exposure is an infrastructure and services angle rather than ownership of the power plants themselves.
That makes the basket coherent, but not uniform. Ormat carries the purest version of the thesis; Halliburton and Baker Hughes are broader energy-technology and oilfield-services companies that may benefit if geothermal development expands, while also depending on much larger businesses. A rising geothermal industry alone doesn't establish equal upside for all three.
On the merits, this is better understood as one direct geothermal company plus two enabling-service plays. That can be a sensible way to express the theme if the distinction matters to you. The low-confidence bonus names shouldn't be treated as confirmed parts of this geothermal answer.
How confident are we? ORA 98, HAL 96, BKR 96 out of 100. We identified 3 stocks from the promotion's own clues and checked 17 claims across them against filings, earnings calls, ownership records, market data and public reporting. Confidence is scored per stock, so a weaker one does not borrow credit from a stronger one. This is our analysis, not the publisher's disclosure — we have no relationship with them.
