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
