Zacks Investment Research Upgrades U.S. Geothermal Inc. (HTM) to Buy
U.S. Geothermal Inc. (NYSE:HTM) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Tuesday. The firm presently has a $0.75 price target on the stock. Zacks Investment Research’s price target suggests a potential upside of 7.14% from the stock’s current price.
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 started coverage on shares of U.S. Geothermal in a report on Tuesday, June 28th. They issued an “outperform” rating and a $1.00 target price for the company.
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U.S. Geothermal (NYSE:HTM) traded up 1.4638% during midday trading on Tuesday, hitting $0.7001. 189,692 shares of the stock traded hands. U.S. Geothermal has a 1-year low of $0.49 and a 1-year high of $0.90. The company has a 50-day moving average price of $0.72 and a 200-day moving average price of $0.77. The firm has a market cap of $79.34 million and a P/E 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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