US Geothermal Inc (AMEX:HTM) PT Set at $6.00 by Cowen and Company

Cowen and Company set a $6.00 price target on US Geothermal Inc (AMEX:HTM) in a research note published on Monday, July 17th. The brokerage currently has a buy rating on the energy company’s stock.

A number of other brokerages have also weighed in on HTM. Roth Capital set a $5.00 price target on shares of US Geothermal and gave the stock a buy rating in a research note on Saturday, May 13th. Zacks Investment Research upgraded shares of US Geothermal from a sell rating to a hold rating in a report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $5.19.

Shares of US Geothermal (AMEX:HTM) traded down 1.84% during midday trading on Monday, reaching $4.26. 39,412 shares of the company were exchanged. US Geothermal has a 52-week low of $3.59 and a 52-week high of $4.97. The company’s 50-day moving average price is $4.33 and its 200 day moving average price is $4.24. The stock has a market capitalization of $81.11 million, a price-to-earnings ratio of 213.00 and a beta of 0.51.

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Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of US Geothermal by 69.4% in the second quarter. Bank of New York Mellon Corp now owns 35,186 shares of the energy company’s stock worth $161,000 after buying an additional 14,411 shares during the period. Private Management Group Inc. raised its position in shares of US Geothermal by 2.7% in the first quarter. Private Management Group Inc. now owns 1,635,282 shares of the energy company’s stock valued at $6,688,000 after buying an additional 43,435 shares during the period. Finally, Granite Investment Partners LLC acquired a new position in shares of US Geothermal during the first quarter valued at about $1,434,000.

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.