Deutsche Bank Initiates Coverage on A123 Systems (AONE) with a Hold
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Deutsche Bank initiates coverage on A123 Systems (Nasdaq: AONE) with a Hold rating. Price target $17.
Deutsche analyst says, "A123 Systems' proprietary battery materials have broad applicability...in a number of growing segments, including consumer products, grid services, and automotive, which we believe will be the largest, by far. And the company’s commercial success in this arena so far has been very impressive—particularly considering the fact that A123 competes against a number of large and well-established competitors. Co's including BMW, Daimler (NYSE: DAI), SAIC (NYSE: SAI), BetterPlace, Magna, BAE Systems, GM and Chrysler have all recognized A123’s innovation...We estimate A123 should be able to achieve close to $700 million/$1.2 billion/$2.1 billion in revenue in 2012/2013/2014 just from automotive opportunities."
To see more analyst ratings on AONE Click Here.
A123 Systems, Inc. designs, develops, manufactures, and sells rechargeable lithium-ion batteries and battery systems.
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