Raser Technologies (RZ) is headed to the minor leagues after trading below a buck for far too long. The company tried to submit a business plan to the NYSE to try to buy more time, but the NYSE said not a chance and will suspend trading in RZ after November 2nd. That means it will will trade over the counter beginning November 3rd and it will likely be a long time before they ever see … Read the rest
Tag Archives: raser technologies
Ormat (ORA) To Build Raser Technologies (RZ) Lightning Dock Geothermal Project
Raser Technologies (RZ) technologies has announced this morning that Ormat (ORA) will provide engineering, procurement and construction services for its Lightning Dock geothermal project in New Mexico. Ormat will also provide the equipment which includes two larget Ormat binary generators and all above ground equipment.
====> Click Here For Your FREE Daily RZ Technical Analysis
“We are excited to work with a veteran in the geothermal business,” said Project Manager Mike Hayter. “Ormat is … Read the rest
Raser Technologies (RZ) Makes Debt Payment, Considers Selling Interest In Thermo 1
Raser Technologies (RZ) has agreed to pay $27 million to the lender that provided the financing for the Thermo 1 geothermal power plant right away along with another $6 million within the next year. In exchange, the lender will waive compliance with applicable debt related covenants and obligations for the next year.
===> Click Here For Your FREE Raser Technologies Analysis
As part of the process to establish the value of the company portfolio, Raser … Read the rest
Raser Technologies (RZ) Thermo Project Given More Time To Complete
Raser Technologies (RZ) has reached an agreement with its financing parties which allows the company another 10 days to complete the Thermo 1 project at which time Raser expects to provide an update on progress including final payment arrangements from the funds it received from US Treasury.
===> Click Here For Your FREE Clean Energy Fuels Analysis
“This extension will give us time to work with our project financing partners in evaluating the performance of … Read the rest
Raser Technologies (RZ) To Develop Solar Power & Electric Cars With Hyundai Heavy Industries
Raser Technologies (RZ) is surging 25% this morning after announcing it will develop solar power and electric cars with Korea based, global manufacturer Hyundai Heavy Industries. This is the same company working with American Superconductor (AMSC) to develop wind energy.
====> Click Here For Your Free Raser Technologies Analysis
This isn’t yet a done deal with contracts signed, but the two companies have signed a memorandum of understanding to co-develop solar power and electric vehicles … Read the rest
Raser Technologies (RZ) Begins Drilling At Lighting Dock
Raser Technologies (RZ) announced this morning that it has begun drilling in New Mexico at the Lighting Dock project. The company is re-entering a well that was abandoned more than 25 years ago because the water wasn’t hot enough. New technologies allow geothermal energy companies to extract energy from lower temperatures, so the company is giving it another go. An independent firm estimates the well could deliver 3-7MW of energy, while Raser believes the project … Read the rest
Raser Technologies (RZ) Surges After Canceling Equity Offering; Reports In Line AH
Raser Technologies (RZ) surged nearly 20% today after the company decided to cancel its plans to raise cash through equity offerings. The reason? The company felt that the dilution was hurting the stock price too much! No sh@$#@t. You have to wonder about the brains behind this operation if they didn’t realize more equity offerings would weigh on the stock. I’m sure it’s been done, but I don’t believe I have ever seen a company … Read the rest
Raser Tech (RZ) Beats Estimates As Company Starts To Generate Revenue
Raser Technologies (RZ) is moving higher in premarket trading after reporting better than expected results last night. The company reported a loss of .07/share which beat the estimate of -.11/share and is a big improvement over the year ago quarter when the company reported a loss of .17/share. That’s in large part due to the company now selling power from its Thermo plant to Anaheim, CA which is giving revenues a boost. The company reported … Read the rest
Raser Technologies (RZ) Receives $33 Million DOE Grant, Shares Surge
Raser Technologies (RZ) received another life line today, this time in the form of the U.S. Treasury for $33 million as part of the American Recovery & Reinvestment Act. Raser is expected to receive the funds in about a week and will be used to retire debt and obligations related to its Thermo No. 1 geothermal project which has so far been a money pit. The company will continue to seek additional financing to … Read the rest
Is Raser Technologies (RZ) Bottoming? Cantor Fitzgerald Initiates With Buy Rating
It’s been a mighty rough year for Raser Technologies (RZ). With broken promises and financing concerns weighing on the stock, it trades down around a buck while many of its green stock peers move to new 52 week highs. It’s still a mighty speculative play, but the reward vs risk may be improving down here (a break below the buck level would change that view point).
After the bell yesterday Cantor Fitzgerald initiated coverage of … Read the rest