U.S. Geothermal Inc.

Ticker Symbol: HTM

U.S. Geothermal Inc. is a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy.

Company Overview

U.S. Geothermal Inc. is a leading and profitable renewable energy company focused on the development, production, and sale of electricity from geothermal energy.

The company operates numerous geothermal power projects located at Neal Hot Springs, Oregon; San Emidio, Nevada; and Raft River, Idaho for a total power generation of approximately 45 megawatts. In addition, the company is developing an additional estimated 96 megawatts’ worth of new projects at the Geysers, California; San Emidio, Nevada; the El Ceibillo, Guatemala; and Crescent Valley, Nevada. The company hopes to reach 200 megawatts worth of power generation through a combination of organic growth and acquisitions by 2020.

Investment Highlights

Rapidly Growing Market. The global market for geothermal power generation was nearly $12.2 billion in 2014 and is expected to grow at a 10% compound annual growth rate to reach $20.8 billion by 2020, according to BCC Research. The growth is being driven by a combination of technological innovations and an ongoing move towards renewable energy to combat harmful emissions.

Strong Fundamentals. Geothermal power doesn’t face many of the same political hurdles as other renewable or conventional energy sources. For example, crude oil and coal are widely criticized for contributing to global warming with government initiatives in place to reduce usage over time. Alternatives like nuclear energy present both security and safety risks, as evidenced by the earthquake that took place in Japan. And, solar and wind energy require subsidies in order to effectively compete with conventional energy sources.

Profitable & Growing. U.S. Geothermal differs from many other early-stage alternative energy companies in that it’s both profitable and growing. Over the 12-month period leading up to March 31, 2016, the company reported $31,229,513 in revenue and $4,374,912 in net income, or $0.04 per share. The company’s revenue has grown from less than $10 million in 2012 to more than $31 million by 2015 as management continues to build shareholder value through a combination of organic growth and strategic acquisitions.

Robust Pipeline. U.S. Geothermal has a diverse advanced stage pipeline that will bring on approximately 96 megawatts of additional power generation. Currently, the company is focused on obtaining a power purchase agreement for those projects whereby they will contract with a buyer for the full output generated by that project over the next 20-25 years at a fixed price. This will create a steady stream of recurring revenue for investors.

Download the Complete HTM Company Analysis


Download a free SECFilings Company Analysis on U.S. Geothermal Inc. that covers:

  • Recent Developments - A review of recent developments and their impact on the company's bottom line.
  • Financial Analysis - A detailed review of the company's income statement, balance sheet, and cash flow statement.
  • Peer Comparison - A detailed list of industry peers and the company's relative valuation, growth rates, and much more.

Enter your e-mail below to receive the free analysis:

I also want to receive reports on similar opportunities in the space from time to time. We promise not to send spam.