A123 Systems (NASDAQ: AONE) was downgraded by Zacks Investment Research from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday.
Separately, analysts at Dougherty & Co initiated coverage on shares of A123 Systems in a research note to investors on Thursday, January 12nd. They set a “neutral” rating on the stock. Analysts at Bank of America (NYSE: BAC) reiterated a “buy” rating on shares of A123 Systems in a research note to investors on Thursday, December 22nd. They now have a $4.00 price target on the stock, down previously from $5.00. Also, analysts at Needham & Company reiterated a “hold” rating on shares of A123 Systems in a research note to investors on Monday, December 19th.
A123 Systems, Inc. designs, develops, manufactures and sells rechargeable lithium-ion batteries and battery systems, and provides research and development services to government agencies and commercial customers. In the transportation industry market, the Company works with global automotive manufacturers and tier 1 suppliers to develop batteries and battery systems for hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs) and electric vehicles, (EVs). The Company’s cylindrical batteries are available for use in automotive and heavy duty vehicles. Its product offerings include batteries in a number of sizes and forms, as well as packaged modules and fully-tested battery systems. The platform for battery and battery system development is the Company’s Nanophosphate material. The Company’s energy solutions group offers a range of packaged systems, as well as sub-module building blocks for battery system development.
Shares of A123 Systems opened at 2.29 on Tuesday. A123 Systems has a 52 week low of $1.51 and a 52 week high of $10.08. The stock’s 50-day moving average is $1.99 and its 200-day moving average is $3.46. The company’s market cap is $288.7 million.