Needham & Company Reiterates a 'Hold' on A123 Systems (AONE); Revises Estimates
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Price: $8.56 --0%
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
Rating Summary:
3 Buy, 5 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 21 | New: 20
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Needham & Company reiterates a 'Hold' on A123 Systems (NASDAQ: AONE).
Analyst, Michael Lew, said, "AONE’s weak quarterly financial results were attributable to low prismatic cell manufacturing yields (which can do it to you) and slow commercialization of various development programs. We believe it will take at least a few more quarters before some more of A123’s growth initiatives in grid and transportation start to gain commercial traction."
Needham revises FY12 EPS loss from (1.35) to (1.28), revs from $215.4 mln to $204.4 mln. For FY13 EPS loss lowered from (1.08) to (1.04), revs raised from $390.0 mln to $415.6 mln.
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 $1.56 yesterday.
Analyst, Michael Lew, said, "AONE’s weak quarterly financial results were attributable to low prismatic cell manufacturing yields (which can do it to you) and slow commercialization of various development programs. We believe it will take at least a few more quarters before some more of A123’s growth initiatives in grid and transportation start to gain commercial traction."
Needham revises FY12 EPS loss from (1.35) to (1.28), revs from $215.4 mln to $204.4 mln. For FY13 EPS loss lowered from (1.08) to (1.04), revs raised from $390.0 mln to $415.6 mln.
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 $1.56 yesterday.
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