Zacks Investment Research upgraded shares of US Geothermal Inc (AMEX:HTM) from a sell rating to a hold rating in a research report report published on Wednesday.

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. “

A number of other research firms have also recently commented on HTM. Cowen and Company started coverage on shares of US Geothermal in a research note on Wednesday, April 12th. They set an outperform rating and a $6.00 target price on the stock. Roth Capital set a $5.00 target price on shares of US Geothermal and gave the stock a buy rating in a research note on Saturday, May 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $5.19.

Shares of US Geothermal (HTM) opened at 4.58 on Wednesday. The company has a market cap of $87.20 million, a price-to-earnings ratio of 229.00 and a beta of 0.51. US Geothermal has a 12-month low of $3.59 and a 12-month high of $5.34. The company’s 50-day moving average is $3.99 and its 200-day moving average is $4.20.

ILLEGAL ACTIVITY WARNING: This article was originally published by Daily Political and is the property of of Daily Political. If you are reading this article on another website, it was stolen and republished in violation of international copyright laws. The correct version of this article can be accessed at https://www.dailypolitical.com/2017/07/17/us-geothermal-inc-amexhtm-lifted-to-hold-at-zacks-investment-research.html.

A hedge fund recently bought a new stake in US Geothermal stock. Granite Investment Partners LLC acquired a new stake in shares of US Geothermal Inc (AMEX:HTM) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 350,757 shares of the energy company’s stock, valued at approximately $1,434,000. Granite Investment Partners LLC owned approximately 1.84% of US Geothermal at the end of the most recent quarter.

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.

Get a free copy of the Zacks research report on US Geothermal (HTM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for US Geothermal Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Geothermal Inc and related companies with MarketBeat.com's FREE daily email newsletter.