News

North American geothermal stocks with better performance as of late

Toronto Stock Exchange, Toronto/ON, Canada (source: flickr/ joseph a, creative commons)
Alexander Richter 23 Nov 2012

A recent article at Forbes is providing a little bit more optimistic view for the stock of listed geothermal players on the North American stock markets for 2013.

A recent article at Forbes is providing a little bit more optimistic view for the stock of listed geothermal players on the North American stock markets.

Companies covered in the article are Ormat Technologies (NYSE: ORA), US Geothermal (NYSE:HTM, TSX:GTH), Ram Power (TSX:RPG, OTC:RAMPF), and Alterra Power (TSX:AXY, OTC:MGMXF.)

The article raises the point that there have been more positive news coming from these companies in recent weeks that are providing a little hope for a rather “beaten up” industry.

Companies have made progress on their projects, the actual trading – so the author – is happen at a fraction of book value, which “compensates for the risk involved”.

So he generally drafts a little bit more positive picture for geothermal stocks going forward.

The Article: Forbes