US Geothermal: Wringing Profits From Hot Rocks (Alt Energy Stocks)
Last week I spent the better part of a day listening to presentations of energy companies at the Wall Street Analyst Forum in New York. Although I had heard the management of US Geothermal (HTM: NYSE) tell the company’s story before, I was impressed to hear about the progress the company has made in squeezing profits from electricity produced with turbines run by underground steam. Management called it gratifying!
The company reported $31 million in sales in the year 2014, delivering $14.9 million in net income to the bottom line. That is something to celebrate!
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