The stock is up 13.5% to $10.68 but still below the IPO price of $13.50.
From Tech Trader Daily:
A123 Systems (AONE) shares are gaining ground this morning after Barclays Capital analyst Vishal Shah raised his rating on the stock to Overweight from Equal Weight, with a new price target of $16, up from $14.
Shah notes that the battery maker’s shares are down 60% year to date, due to “diminishing investor interest” in the battery sector and a lack of near-term catalysts. But he thinks successful ramps at electric car start-up Fisker and heavy-duty customers and favorable electric vehicle legislation can provide a boost to the stock....MORE