Revenue Update on US Geothermal Inc(NYSEMKT:HTM)

US Geothermal Inc(NYSEMKT:HTM) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $5.67M. Analysts estimated a revenue of $6.05M. Earnings per share were $-0.01. Analysts had estimated an EPS of $-0.01.

US Geothermal Inc (HTM) made into the market gainers list on Wednesdays trading session with the shares advancing 2.06% or 0.0155 points. Due to strong positive momentum, the stock ended at $0.7675, which is also near the day’s high of $0.77. The stock began the session at $0.745 and the volume stood at 1,14,374 shares. The 52-week high of the shares is $0.9 and the 52 week low is $0.49. The company has a current market capitalization of $87 M and it has 11,33,23,500 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Dennis J. Gilles (Chief Executive Officer) sold 66,008 shares at $0.78 per share price.Also, On Jun 13, 2016, Douglas J Glaspey (President and COO) sold 30,000 shares at $0.82 per share price.On Jun 7, 2016, Jonathan Zurkoff (Treasurer & Exec. VP, Finance) sold 100,000 shares at $0.79 per share price, according to the Form-4 filing with the securities and exchange commission.

U.S. Geothermal Inc. is a renewable energy company focused on the development production and sale of electricity from geothermal energy. The company is operating geothermal power projects at Neal Hot Springs Oregon San Emidio Nevada and Raft River Idaho for a total power generation of approximately 45 megawatts. The Company is also developing projects at The Geysers California; a second phase project at San Emidio Nevada; the El Ceibillo project located near Guatemala City Guatemala and at Crescent Valley Nevada. United States.

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