Wednesday, November 11, 2009

A123 Revenues Ahead, Not Enough? (AONE)

A123 Systems, Inc. (NASDAQ: AONE) is trading down after it managed to beat revenue expectations last night at $23.6 million vs. $19.2 million estimates.  The recent electric car battery IPO has really cpome off of highs since the IPO hype was there.  The company tried to ease concerns about its relationship with Chrysler a week after the carmaker said it would dismantle its team working on electric vehicles and basically send those plans into Fiat. It also said it was in talks with 7 different auto makers.  Shares closed at $17.98 yesterday and are down over 3% at $17.36 on about 20,000 shares at 8:56 AM EST.

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