Topic: How To Invest

Pat: What do you think of U.S. Geothermal? Enbridge just bought part of one of their plants. Thanks.

Article Excerpt

U.S. Geothermal, $0.42, symbol HTM on New York (Shares outstanding: 102.1 million; Market cap: $42.4 million; www.usgeothermal.com), is in the renewable energy business. The company acquires and develops geothermal systems in the western U.S. Geothermal energy is the natural heat energy stored in the earth’s crust. In some areas, geothermal energy is commercially viable and can be converted into electricity. U.S. Geothermal operates three power plants; Neal Hot Springs in Oregon (20% of which it just sold to Enbridge) Raft River Unit I in Idaho and a facility in Nevada’s San Emidio Desert. The company is also developing and exploring on several other properties, including El Ceibillo in Guatemala, an advanced-stage steam geothermal prospect. The company has measured temperatures of over 500° F (275° C) during recent drilling at this project. U.S. Geothermal had revenue of $12.1 million in the six months ended June 30, 2013, and made $10,000, or nil per share. It aims to keep its revenue steady by…