The stock is trading down forty-eight cents at $17.50.
Analyst Comments - Pacific Crest’s Mark Bachman commented on A123 Systems’ Q3 financial results this morning, noting that the results were “solid” and there is no change to his long-term thesis. He rates the stock at SECTOR PERFORM....
...Bachman’s Key Takeaways
· “The loss of ($1.78) per share looks much worse than our estimate of ($0.20), but all but $0.03 of the miss was driven by a share-count discrepancy.
· A123 is confident about Chrysler, but the implications are not clear yet. Bachman thinks timing and volume of battery shipments to Chrysler are uncertain and present significant risk to A123....MORE
· A123 continues to build a solid pipeline of transportation customers, which could lead to volume orders and share catalysts