Rodman & Renshaw: Raser Technologies (RZ) Compelling But Still Speculative

Posted by Tate Dwinnell | # |
08:17:33 am on April 24, 2009

According to StreetInsider.com, Rodman & Renshaw is out this morning with an analyst note on Raser Technologies (RZ) and initiating coverage with a Market Perform/Speculative Risk rating.  The highlights:

– company has compelling geothermal resources and relevant technology
– will benefit from renewable energy mandates
– unique modular deployment
– capital intensive nature of the business which needs financing may weigh on the stock in the current environment
– company still fine tuning its financing strategy

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