Barclays Maintains an 'Overweight' on A123 Systems (AONE); Attractive Risk-Reward
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Price: $8.56 --0%
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 7 | Down: 12 | New: 19
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Barclays maintains an 'Overweight' on A123 Systems (NASDAQ: AONE), lowers PT by $1 to $11.
Barclays analyst says, "A123 shares have been weak following the announced capital raise (shares down 30% since 3/28, compared to S&P up 1%) on concerns over lack of near term-profitability and need for additional capital raise in 2012. We expect the company to have enough cash to complete its capacity build out. We also believe the company remains on track to see increased revenue growth starting in Q2, driven primarily by the ramp from Fisker. We are maintaining our OW, lowering our price target to $11 to account for increased interest payments and share dilution related to the offering." (Barclays raises FY11 EPS from -1.63 to -1.48 and FY12 from -0.59 to -0.54.
For more ratings news on A123 Systems click here and for the rating history of A123 Systems click here.
Shares of A123 Systems closed at $5.55 yesterday.
Barclays analyst says, "A123 shares have been weak following the announced capital raise (shares down 30% since 3/28, compared to S&P up 1%) on concerns over lack of near term-profitability and need for additional capital raise in 2012. We expect the company to have enough cash to complete its capacity build out. We also believe the company remains on track to see increased revenue growth starting in Q2, driven primarily by the ramp from Fisker. We are maintaining our OW, lowering our price target to $11 to account for increased interest payments and share dilution related to the offering." (Barclays raises FY11 EPS from -1.63 to -1.48 and FY12 from -0.59 to -0.54.
For more ratings news on A123 Systems click here and for the rating history of A123 Systems click here.
Shares of A123 Systems closed at $5.55 yesterday.
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