Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.
Published . Updated .
Key PointsBerkshire Hathaway owns a surprisingly big power utilities business.
Directly affected
- No company is named in this report.
Indirectly affected
- XOM Exxon Mobil
Oil producers earn more when crude prices rise
- CVX Chevron
Oil producers earn more when crude prices rise
- OXY Occidental Petroleum
Oil producers earn more when crude prices rise
- COP ConocoPhillips
Oil producers earn more when crude prices rise
- VLO Valero
Refiners' profits move with crude and fuel prices
- MPC Marathon Petroleum
Refiners' profits move with crude and fuel prices
- XOP SPDR S&P Oil & Gas Exploration
A fund of oil and gas producers
- XLE Energy Select Sector SPDR
A fund of energy companies
- USO United States Oil Fund
This fund moves with oil prices
- OIH VanEck Oil Services
Oilfield services rise when drilling follows oil prices
Price reaction, T-5 to T+3
Key PointsBerkshire Hathaway owns a surprisingly big power utilities business.
Source: Nasdaq Markets
Price since this story was published: Algonquin Power & Utilities (AQN)
Since the first closing price after “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Algonquin Power & Utilities (AQN) is -1.72%. The S&P 500 fund (SPY) is -0.89% over the same days, a -0.82% difference versus the market.
Who gains and who loses around Algonquin Power & Utilities (AQN)
Companies mentioned with this story
- AQN Algonquin Power & Utilities
In “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Algonquin Power & Utilities (AQN) is linked, with no stored direction, medium confidence. Reason on file: GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- LECO Lincoln Electric Holdings
In “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Lincoln Electric Holdings (LECO) is linked, with no stored direction, medium confidence. Reason on file: GA selected LECO as a RELATED security because its canonical security name directly matches this event's themes: electric, holdings. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- ELPW Elong Power Holding
For “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Elong Power Holding (ELPW) is linked, with no stored direction, medium confidence. Reason on file: GA selected ELPW as a RELATED security because its canonical security name directly matches this event's themes: holdings, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FPS Forgent Power Solutions
In “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Forgent Power Solutions (FPS) is linked, with no stored direction, medium confidence. Reason on file: GA selected FPS as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- NRGV Energy Vault Holdings
For “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.,” Energy Vault Holdings (NRGV) is linked, with no stored direction, medium confidence. Reason on file: GA selected NRGV as a RELATED security because its canonical security name directly matches this event's themes: holdings, energy. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- POWI Power Integrations
Power Integrations (POWI) is linked, with no stored direction, medium confidence in the 20 Sep 2026 story “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math..” Reason on file: GA selected POWI as a RELATED security because its canonical security name directly matches this event's themes: power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Algonquin Power & Utilities (AQN)
On 20 Sep 2026, “Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.” is the story that connects Algonquin Power & Utilities (AQN) to this story.
What ties Algonquin Power & Utilities (AQN) to the headline is this: GA selected AQN as a RELATED security because its canonical security name directly matches this event's themes: utilities, power. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Also listed, Lincoln Electric Holdings (LECO): GA selected LECO as a RELATED security because its canonical security name directly matches this event's themes: electric, holdings. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Dates in the story, and the Algonquin Power & Utilities (AQN) price range
AQN traded between 4.92 and 5.29 across 20 sessions. The latest close on file is 5.16. ELPW traded between 2.24 and 2.91 across 6 sessions. The latest close on file is 2.37. LECO traded between 255.70 and 279.26 across 20 sessions. The latest close on file is 259.24.
How strong the case is around Algonquin Power & Utilities (AQN)
46 out of 100
“Berkshire's Energy Holdings Are Worth More Than Most Stand-Alone Utilities. Here's the Math.” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.