US Geothermal Inc (NYSEAMERICAN:HTM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued 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. “

Several other research firms have also weighed in on HTM. Cowen and Company set a $6.00 price objective on shares of US Geothermal and gave the stock a “buy” rating in a report on Friday, August 18th. Northland Securities set a $6.00 price objective on shares of US Geothermal and gave the stock a “buy” rating in a report on Monday, August 14th. ValuEngine lowered shares of US Geothermal from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Finally, Roth Capital set a $5.00 price objective on shares of US Geothermal and gave the stock a “buy” rating in a report on Thursday, November 16th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $5.67.

US Geothermal (HTM) opened at $3.73 on Monday. US Geothermal has a one year low of $3.59 and a one year high of $4.94.

TRADEMARK VIOLATION NOTICE: “Zacks Investment Research Downgrades US Geothermal Inc (HTM) to Sell” was originally posted by Daily Political and is the sole property of of Daily Political. If you are reading this piece on another publication, it was stolen and republished in violation of US & international copyright and trademark law. The original version of this piece can be viewed at https://www.dailypolitical.com/2017/11/21/zacks-investment-research-downgrades-us-geothermal-inc-htm-to-sell.html.

A number of hedge funds have recently made changes to their positions in HTM. Bank of New York Mellon Corp boosted its position in shares of US Geothermal by 69.4% during the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock worth $161,000 after purchasing an additional 14,411 shares in the last quarter. Private Management Group Inc. boosted its position in shares of US Geothermal by 10.8% during the second quarter. Private Management Group Inc. now owns 1,812,458 shares of the energy company’s stock worth $8,319,000 after purchasing an additional 177,176 shares in the last quarter. Northern Trust Corp boosted its position in shares of US Geothermal by 1.2% during the second quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock worth $153,000 after purchasing an additional 392 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of US Geothermal by 72.4% during the second quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock worth $119,000 after purchasing an additional 10,864 shares in the last 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.

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.