Needham & Company initiates coverage on A123 Systems (AONE) with a Hold rating. PT $10.Here's Tech Trader Daily:
Needham analyst says, "Although we believe that A123 Systems has the potential to be a successful company in the long term, there are several near-term risks that could negatively affect AONE shares. The intellectual property (IP) is unresolved and the low factory utilization rates suggest the potential for challenging times ahead. We are taking a conservative stance at this time....MORE
A123 Up; Talk Of European Subsidy; Needham Starts With Hold
Share of the lithium ion battery maker A123 Systems (AONE) are sharply higher on rumors that the company could get a subsidy package from the European Commission, according to Briefing.com.
Meanwhile, Needham analyst Michael Lew today launched coverage of the company with a Hold rating, estimating fair value at $10....MORE