Needham & Company Reiterates a 'Hold' on A123 Systems (AONE); Potential For Further Delays in Ongoing Programs

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December 19, 2011 7:33 AM EST
Get Alerts AONE Hot Sheet
Price: $8.56 --0%

Rating Summary:
    3 Buy, 5 Hold, 5 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Needham & Company reiterates a 'Hold' on A123 Systems (NASDAQ: AONE).

Needham analyst says, "Our financial estimate revision is based on the potential for further delays in lithium-ion (li-ion) orders from Fisker Automotive (N/R). The high-profile Karma has begun to make its way into the driveways of customers. However, probably not at a rate fast enough to absorb the estimated 2,200-plus battery packs shipped until 2H12. In addition, we believe other high profile programs such as the Chevy (NYSE: GM)(Not/Rated) Spark could experience delays due to ongoing industry focus on the Volt."

For an analyst ratings summary and ratings history on A123 Systems click here. For more ratings news on A123 Systems click here.

Shares of A123 Systems closed at $1.65 yesterday.

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