All geothermals stocks have been smashed in the past 12 months. Why? Because costs to operational production are excessively high and these companies have been unable to find funding. It has appeared in recent year or so that the likelihood of any of these companies running out of cash was very high.
Now they get a breath of fresh air. The gov is offering a hell of a lot more funding than ever anticipated and policy is very supportive of these companies.
Dont know that we will see 0.20 in a hurry but a few cents for now is more likely until we get more confirmation of news re funding. Which is unlikley to happen in the near future.
Good luck with your holdings.
TEY Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
