U.S. Geothermal Inc. (HTM) Downgraded by Zacks Investment Research to Hold
According to Zacks, “U.S. Geothermal Inc. is a leading renewable energy company focused on the development, production and sale of electricity from geothermal energy and is operating geothermal power projects Neal Hot Springs, Oregon, San Emidio, Nevada and Raft River, Idaho. The company is currently developing a project at the Geysers, California, a second phase project at San Emidio, as well as El Ceibillo, an advanced stage, geothermal prospect located within a 24,710 acre (100sq km) energy rights concession area located 8.5 miles (14 km) from Guatemala City, the largest city in Central America. “
Separately, Northland Securities began coverage on U.S. Geothermal in a research note on Tuesday, June 28th. They issued an “outperform” rating and a $1.00 price target for the company.
Shares of U.S. Geothermal (NYSE:HTM) traded down 1.46% during midday trading on Monday, reaching $0.69. The company’s stock had a trading volume of 88,855 shares. The firm has a market cap of $78.19 million and a price-to-earnings ratio of 76.67. U.S. Geothermal has a one year low of $0.49 and a one year high of $0.90. The stock’s 50 day moving average price is $0.72 and its 200 day moving average price is $0.77.
U.S. Geothermal Company Profile
U.S. Geothermal Inc is engaged in the renewable green energy business. The Company, through its subsidiary U.S. Geothermal Inc (Geo-Idaho), is engaged in the acquisition, development and utilization of geothermal resources in the Western United States and the Republic of Guatemala. It operates through two segments: Operating Plants, and Corporate and Development.
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