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Raser Technologies stock not performing

Alexander Richter 18 Jan 2009

Reported by fool.com, the recent listing on the New York Stock Exchange hasn't helped boost shares of geothermal power developer Raser Technologies (NYSE:RZ) yet. The company's shares have fallen nearly 80% from where they stood a year ago.

Reported by fool.com, the recent listing on the New York Stock Exchange hasn’t helped boost shares of geothermal power developer Raser Technologies (NYSE:RZ) yet. The company’s shares have fallen nearly 80% from where they stood a year ago.

Individual stocks, so the article, can surge in a short period of time, but they can also fall just as far, just as quickly. Raser Technologies is such an example. The company’s stock has fallen about 22% in a month.

Lack of positive cash flow and plenty of long-term debt keeps many investors weary. While some investors believe patience will be rewarded as Raser transitions to a commercial operation, only 45% of the 655 CAPS members rating Raser Technologies expect it to outperform the market.

Source: The Motley Fool