U.S. Geothermal Inc. (HTM) Upgraded to “Buy” by Zacks Investment Research
Zacks Investment Research upgraded shares of U.S. Geothermal Inc. (NYSE:HTM) from a hold rating to a buy rating in a report published on Tuesday. The brokerage currently has $0.75 price target on the stock.
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 initiated coverage on U.S. Geothermal in a report on Tuesday, June 28th. They set an outperform rating and a $1.00 price objective on the stock.
U.S. Geothermal (NYSE:HTM) opened at 0.7001 on Tuesday. The company has a 50-day moving average price of $0.72 and a 200-day moving average price of $0.77. U.S. Geothermal has a 12-month low of $0.49 and a 12-month high of $0.90. The firm has a market cap of $79.34 million and a PE ratio of 77.7889.
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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