Deutsche Bank Sees A123 Systems (AONE) Gaining Market Share

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08:56:05 am on September 23, 2010

According to Benzinga, Deutsche Bank sees A123 Systems gaining significant market share of the lithium battery market based on achievement so far and comments from OEM’s and competitors that say AONE is a top 3 lithium battery supplier.  They see general consumer demand for EV’s and improving margins as potential catalysts for the stock over the next year.  The firm has a Buy rating and $17 price target which is about double the current price.

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Technically, shares have improved significantly in the past couple weeks.  The stock really got a boost after the company announced the opening of the Michigan lithium battery plant which is the largest in North America.  With the stock now trading above the 50 day moving average, it’s time to start taking a look at AONE for a possible entry point in my opinion.  Shares are flat today.

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