In a BusinessWeek article set to reach subscribers on February 9, journalist Capstone Investments energy analyst Adam Adelman boldly states that Raser Technologies Inc. (NYSE: RZ) stock is worth $7. That reiterates Capstone’s $7 “BUY” rating that accompanied their initiation of coverage on Raser’s stock back on December 22, 2008. The article is also available in today’s online edition of BusinessWeek.
Raser shares are currently up almost 4% on 120,000 shares traded after one hour of trading.
The company also announced today that it has secured a $15 million line of credit that will provide working capital for general working capital purposes. Part of the deal includes options for the financiers to purchase warrants at a strike price of $6 per share.
Raser, A Play in Geothermal Juice: http://www.businessweek.com/magazine/content/09_06/c4118insidewal760465.htm
Capstone Initiates Coverage on RZ with “BUY” and $7 Price Target: http://www.streetinsider.com/New+Coverage/Capstone+Investments+Initiates+Raser+Technologies+(RZ)+with+a+Buy/4255851.html
Share This Article
finance guru
i dont usually comment, but after reading through so much info i had to say thanks
Editor
Your welcome anytime.