29 Mar '15, 6pm

US Geothermal: Wringing Profits From Hot Rocks: by Debra Fiakas CFA Last week I spent the bet... @altenergystocks

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! Sales in 2014 grew 13.1% year-over-year compared to $27.4 million. Production profits also increases to 48.5% of sales, up just a pinch from the year before when profits were 48.3%. Unfortunately operating expenses rose during the year leaving profits at that level at $4.6 million or 14.8% of sales. What really dr...

Full article: http://www.altenergystocks.com/archives/2015/03/us_geothe...

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