Is Raser Technologies (NYSE:RZ) On It’s Way Back Up?
Tags: battery powered, Battery powered car, Electonic Cars, General Motors, GM, green cars, green technology, H3, hummer, hybrid, NYSE, Raser Technlologies Inc., RZ, Volt
Is today finally the time for Raser Technologies (NYSE:RZ) to begin its rise in price? From the looks of it RZ is without any doubt pushing full force ahead providing the investment community with some phenominal information and news that has a major driving force in todays stock price. The company recently showcased its 100-MPG Electric Hummer at Plug in 2009 Conference in Long Beach, CA. Even more recently the company annonced that it will be presenting at this upcoming Investor Conferences on September 10 and 11 in NYC and Toronto Ontario.
So will this be the turning point for RZ as the summer comes to an end? From what I can see the management is certainly allocating a lot of resources to drive the price up and recoop some of the loss over the last three months. However it will be interesting to see how the community reacts to their most recent electric engine breakthrough. Especially that GM has been overshadowing RZ with its own release of the Volt and its impressive 230 MPG hybrid car. Time will only tell how things will pan out for RZ but the way things are looking RZ is in position to take full advantage of the changing market conditions and should have very little resistance breaking out from thier current levels.
