Raser Technologies, Inc. (RZ) Announces Extension Of Thermo No.1 Final Performance Testing

Analyst Dale R. Pfau at Cantor Fitzgerald has released an update on Raser Technologies, Inc. (NYSE: RZ). The company announced yesterday that it had reached an agreement with its financing partners to extend the final performance, and completion test of Thermo No.1 to June 30, 2010.

Cantor Fitzgerald believes that the development is a positive sign for the company, and has built credibility for the new CEO.

Cantor Fitzgerald continues to rate Raser Technologies, Inc. as Buy, and recommends investors to build position in the company as it expects further positive news flow from the company.