Barclays Cuts PT and Estimates on A123 Systems (AONE); Exploring Alternatives as N-T Challenges Weigh
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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
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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Barclays maintains an 'Equalweight' on A123 Systems (NASDAQ: AONE) price target lowered from $2.00 to $1.50.
Analyst, Amir Rozwadowski, said, "A123's 1Q results and outlook were broadly in-line with its recent preannouncement, the revelation that the company has hired an advisor to explore financing and other strategic alternatives is notable. In our view, A123's results support our current thesis on the name - its biggest challenge is its ability to get its operations to scale in order to provide more cost effective energy storage solutions."
FY12 EPS estimate cut from -1.40 to -2.68 and FY13 from -0.65 to -0.91.
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 $0.96 yesterday.
Analyst, Amir Rozwadowski, said, "A123's 1Q results and outlook were broadly in-line with its recent preannouncement, the revelation that the company has hired an advisor to explore financing and other strategic alternatives is notable. In our view, A123's results support our current thesis on the name - its biggest challenge is its ability to get its operations to scale in order to provide more cost effective energy storage solutions."
FY12 EPS estimate cut from -1.40 to -2.68 and FY13 from -0.65 to -0.91.
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 $0.96 yesterday.
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