Zacks Investment Research downgraded US Geothermal Inc (NYSE:HTM) to Hold in a report released today.
- Updated: October 17, 2016
Zacks Investment Research has downgraded US Geothermal Inc (NYSE:HTM) to Hold in a report released on 10/17/2016.
Previously on 8/17/2016, Zacks Investment Research reported about US Geothermal Inc (NYSE:HTM) raised the target price from $0.00 to $0.75. At the time, this indicated a possible downside of -0.03%.
Yesterday US Geothermal Inc (NYSE:HTM) traded -1.46% lower at $0.69. The company’s 50-day moving average is $0.72 and its 200-day moving average is $0.77. The last stock close price is down -10.31% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 88,855 shares of the stock were exchanged, down from an average trading volume of 171,906
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US Geothermal Inc has a 52 week low of $0.49 and a 52 week high of $0.90 with a P/E ratio of 76.67 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 3 firms have reported on the stock. The consensus target price is $1.02 with 0 firms rating the stock a strong buy, 2 firms rating the stock a buy, 2 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.
About US Geothermal Inc (NYSE:HTM)
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. It constructs, owns, manages and operates power plants that utilize geothermal resources to produce renewable energy. Its operations are primarily focused in the United States and Central America. It owns and operates geothermal power plant projects that include Raft River, Idaho; San Emidio, Nevada, and Neal Hot Springs, Oregon. The Company also has geothermal property interests in the Republic of Guatemala; the Geysers in California; Vale, Oregon; Crescent Valley, Nevada; Ruby Hot Springs, Nevada; Lee Hot Springs, Nevada, and Gerlach, Nevada, some of which are under development or exploration.
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