Raser Technologies stock not performing
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