Recent Hot IPO A123 Systems (AONE) Regains Upside Momentum

September 30, 2009 2:36 PM EDT
After turning positive mid-day yesterday, shares of recent hot IPO A123 Systems (Nasdaq: AONE) have not slowed down. Shares closed up 6% yesterday and are up another 8% today. Shares tapped a new intra-day high today.

A123 Systems IPO came to the market on 9/24. After pricing at $13.50, shares surged to close at $20.29 on its debut. After two days of consolidations, the stock appears back to its winning ways.

A123 Systems develops and manufactures advanced lithium-ion batteries and battery systems for the transportation, electric grid services and consumer markets.

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