Raser (RZ) To Showcase Hybrid Hummer H3 At US Capitol Tomorrow

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02:35:37 pm on May 19, 2009

Raser Technologies (RZ) popped nearly 20% today once news was released that it will showcase the 100 mpg Electric Hummer H3 at the US Capitol tomorrow at 2pm EST, allowing members of Congress to test drive the vehicle.  No way I’d let Barney Frank get behind the wheel of the Hummer, let alone a riding lawn mower.  At any rate, should be a good photo op for Raser which will supply the power train for the vehicle.  The 4 wheel drive hybrid will provide zero emission driving for the first 40 miles, then be assisted by a small internal combustion engine for longer trips

“The powertrain in this vehicle can be applied to most trucks & SUVs, and is ideal for fleets, contractors and small business owners,” said David West, Raser’s vice president of marketing. “It delivers the payload of a pickup truck with better gas fuel economy than a Prius. “Gary Rogers, president of FEV, Inc., and a member of the National Research Council’s Committee on the Effectiveness of Corporate Average Fuel Economy (CAFE) Standards, said, “Because most Americans drive less than 40 miles a day, this powertrain technology could have an enormous impact on reducing the amount of gasoline consumed every day, and support President Obama’s initiative to achieve significant improvements in fuel economy across all sectors of the light-duty fleet, including trucks and SUVs.”

Several days ago the stock got a nice bounce after the company was featured on CNBC, but it was short lived.  I still think the story with this company is its geothermal potential not the power train of the Hummer.  I maintain a position in RZ at 4.21 and looking to add if it can get above the 200 day moving average.

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