US Geothermal Inc Receives a Buy from Cowen & Co.

By Jason Carr

In a report issued on September 22, Jeff Osborne from Cowen & Co. reiterated a Buy rating on US Geothermal Inc (NYSE MKT: HTM), with a price target of $6. The company’s shares closed on Friday at $3.94.

According to TipRanks.com, Osborne is a 2-star analyst with an average return of 0.6% and a 46.2% success rate. Osborne covers the Industrial Goods sector, focusing on stocks such as Honeywell International, Ballard Power Systems, and Capstone Turbine Corp.

US Geothermal Inc has an analyst consensus of Moderate Buy, with a price target consensus of $6.

Based on US Geothermal Inc’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $6.31 million and GAAP net loss of $441.9K. In comparison, last year the company earned revenue of $5.66 million and had a GAAP net loss of $493.7K.

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U.S. Geothermal, Inc. is a renewable energy company which engages in the construction, management, and operation of power plants which utilizes geothermal resources to produce electricity. It operates through the Operating Plants, and Corporate and Development segments. The Operating Plant segment relates to the sale of electricity from the power plants.