Zacks Investment Research downgraded shares of US Geothermal Inc (NYSEAMERICAN:HTM) from a hold rating to a sell rating in a research report report published 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. “

HTM has been the topic of a number of other research reports. 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 Thursday, November 16th. ValuEngine upgraded shares of US Geothermal from a sell rating to a hold rating in a research note on Friday, September 1st. Northland Securities set a $6.00 target price on shares of US Geothermal and gave the stock a buy rating in a research note on Monday, August 14th. Finally, Cowen Inc set a $6.00 target price on shares of US Geothermal and gave the stock a buy rating in a research note on Friday, August 18th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $5.67.

Shares of US Geothermal (HTM) opened at $3.68 on Monday. US Geothermal has a one year low of $3.59 and a one year high of $4.94.

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Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in US Geothermal by 72.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 25,871 shares of the energy company’s stock valued at $119,000 after buying an additional 10,864 shares in the last quarter. Northern Trust Corp grew its holdings in US Geothermal by 1.2% during the 2nd quarter. Northern Trust Corp now owns 33,281 shares of the energy company’s stock valued at $153,000 after buying an additional 392 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in US Geothermal by 69.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock valued at $161,000 after buying an additional 14,411 shares in the last quarter. Finally, Private Management Group Inc. grew its holdings in US Geothermal by 10.8% during the 2nd quarter. Private Management Group Inc. now owns 1,812,458 shares of the energy company’s stock valued at $8,319,000 after buying an additional 177,176 shares in the last quarter.

US 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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