RZ Benefits From Improved Financing Outlook For Geothermal Power Generation

Analyst Dale R Pfau of Cantor Fitzgerald maintains his "buy" rating on Raser Technologies Inc (NYSE: RZ). The target price for RZ is set to $1.50.

According to Cantor Fitzgerald, the financial environment for geothermal power plants is improving. Raser Technologies should be able to develop up to eight power plants over the next four years.

RZ may need to give up a large part of its ownership share in each of its projects to secure project financing. There seems to be long-term growth potential for geothermal power for electricity generation. The analysts consider geothermal power plants as attractive investment options.