Zacks Investment Research Downgrades US Geothermal (HTM) to Sell
US Geothermal (NYSEAMERICAN:HTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Friday.
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. “
Several other research analysts have also weighed in on the company. TheStreet raised US Geothermal from a “d” rating to a “c” rating in a research report on Wednesday, February 14th. Cowen lowered US Geothermal from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 24th. Finally, Roth Capital set a $5.00 target price on US Geothermal and gave the stock a “buy” rating in a research report on Thursday, November 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $5.67.
Institutional investors and hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its position in shares of US Geothermal by 72.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock worth $119,000 after buying an additional 10,864 shares during the period. Northern Trust Corp raised its position in US Geothermal by 1.2% in the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after purchasing an additional 392 shares during the period. Municipal Employees Retirement System of Michigan purchased a new position in US Geothermal in the fourth quarter valued at about $309,000. B. Riley Financial Inc. purchased a new position in US Geothermal in the fourth quarter valued at about $345,000. Finally, Kennedy Capital Management Inc. raised its position in US Geothermal by 53.9% in the fourth quarter. Kennedy Capital Management Inc. now owns 115,534 shares of the energy company’s stock valued at $399,000 after purchasing an additional 40,475 shares during the period.
About US Geothermal
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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