The IPO was at $13.50.
From Tech Trader Daily:
A123 (AONE) shares are getting a lift this morning from Pacific Crest analyst Ben Schuman, who this morning raised his rating on the battery maker’s stock to Outperform from Sector Perform, setting a $12 price target on the stock.Be careful with any publicly traded company that has a "burn-rate".
“We believe it is time for investors to step in front of an increasing policy focus on electrified transportation in the wake of the Gulf oil spill and increased enthusiasm around [electric vehicles] coinciding with successful new product launches,” he writes in a research note....MORE
The stock's at $9 even, up 5%.