Tuesday, June 15, 2010

"Needham & Company Initiates Coverage on A123 Systems with a Hold; Low Utilization & IP Hurdle To Overcome" (AONE)

The stock is trading at $8.72, up 7% (57 cents). From StreetInsider:
Needham & Company initiates coverage on A123 Systems (AONE) with a Hold rating. PT $10.

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
Here's Tech Trader Daily:

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