Zacks Investment Research downgraded shares of U.S. Geothermal Inc. (NYSE:HTM) from a strong-buy rating to a hold rating in a research report sent to investors on Monday.
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 assumed 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.
U.S. Geothermal (NYSE:HTM) opened at 0.705 on Monday. The company has a market cap of $79.89 million and a P/E ratio of 78.333. U.S. Geothermal has a 52 week low of $0.49 and a 52 week high of $0.90. The firm has a 50-day moving average price of $0.72 and a 200 day moving average price of $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.