Nevada Geothermal Power Inc.
OTC Bulletin Board : NGLPF

Nevada Geothermal Power Inc.

May 13, 2008 14:36 ET

CCM Research Issues Technical Research Report on Nevada Geothermal Power Inc.

TORONTO, ONTARIO--(Marketwire - May 13, 2008) -

CCM Research Chief Technical Analyst, Jason Suttmeier, has written a technical research report on Nevada Geothermal Power Inc. (TSX VENTURE:NGP)(OTCBB:NGLPF)

Nevada Geothermal Power Inc. is a renewable energy company developing geothermal projects in the United States to provide electrical energy that is clean, efficient and sustainable. NGP currently owns 100% leasehold interest in four properties: Blue Mountain, Pumpernickel, Black Warrior, all located in Nevada and Crump Geyser in Oregon. These properties are at different levels of exploration and development. NGP estimates a potential of approximately 150 MW to over 200 MW from the current leaseholds enough power for 200,000 homes.

In the report the analyst states:

"Nevada Geothermal Power Inc. (NGP) is currently trading under the key 5- week modified moving average at 1.073..."

"My model shows weekly support at 1.002 with my annual pivot at 1.130 and quarterly / monthly resistances at 1.398 / 1.482."

"The 50- week moving average provides nearest support at 1.010 with the 21- week moving average at 1.100."

A free copy of the report can be found at:

CCM Research is a division of Cronus Capital Markets, Inc. Cronus Capital Markets, Inc., through its CCM Corporate Advisory division, entered into a one year $42,500.00 contract with the Company to assist it with the creation and execution of information-based strategies to overcome market inefficiencies that are commonplace for the vast majority of public companies, including: share illiquidity, lack of credibility, and stagnant market capitalization.

Cronus Capital Markets® (CCM) is a leading capital market services firm providing services to investors, institutions, exchanges, and public companies. CCM's equity research, indexes, and ETFs receive international attention and represent important new sectors of growth.


The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.

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