After sinking to new all time lows last week, shares of A123 Systems (AONE) are popping higher today on news that Morgan Stanley upgraded to Overweight from Equalweight and raised the price target to $9/share which would be a double from Friday’s closing price.
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The firm cites three catalysts as well as revenue visibility.
1. Sees revenue ramp (could top 2009 & 2010 totals over next … Read the rest
Advanced Battery Technologies (ABAT) posted its earnings results yesterday smashing analyst estimates on the EPS side (posting .20/share vs the estimate for .10 share) but missed on the revenue side (posting $28.6 million vs the estimate for $32.5 million. The EPS beat was despite a reduction in gross margins due to rising costs particularly in the small capacity lithium battery segment. The company expects margins to remain under a bit of pressure for the remainder … Read the rest
A123 Systems (AONE) continues to bleed red ink, but the CEO still remains positively upbeat and confident that a revenue ramp begins this quarter and continues through the rest of the year. We shall see, but for now the company is far away from profits and still in survival mode as the stock continues to tank.
The company posted an EPS loss of .51/share which was larger than what analysts expected (loss of .46/share) … Read the rest
A123 Systems (AONE) announced a supply deal with Smith Electric after the bell today. They will be supplying 5kWh battery modules for all electric commercial trucks beginning in the 2nd half of this year. The first battery modules will be first used in a 7.5 ton electric vehicle used by such companies as Frito-Lay, Staples, Coca Cola as well as the US Marines Corp. No word on the quantity or financials of the deal.
===> … Read the rest
Enova Systems (ENA), which makes hybrid vehicle drive systems, had a big day today soaring nearly 66% up to the 2010 highs after the company reported a record quarterly revenue number and announced a partnership with LG Chemical. While the company remains unprofitable and will likely remain so for some time, revenues bumped up to $3.7 million which is a 152% increase over the year ago quarter.
It seems the name of the game, particularly this year, is run through the financial statements and conduct interviews of China based companies to find evidence of shady dealings of fraud. Then short the stock and publish the piece which will be picked up by Seeking Alpha. Profit handsomely. Wash, rinse, repeat. Citron Research was really the first firm to have an impact in this regard, but lesser known firms are joining the ranks as … Read the rest
Shares of Ener1 (HEV) are getting a nice boost in pre-market trading after the company reported much better than expected earnings results last night. Surprisingly, the company didn’t post its EPS number, but revenues were much better than the analyst estimate of $24.5 million at $33 million (a 200% increase over the year ago quarter). I’ll update this post with the EPS number as soon as it’s available, but I’d expect it to be much … Read the rest
As expected A123 Systems (AONE) reported another loss, but it was larger than analysts had expected. The company reported and EPS loss of $0.43/share on revenues of $24 million. Analysts expected a loss of $0.37 share on revenues of $26 million.
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The CEO remains optimistic that the pieces are in place for big growth in the coming years, but didn’t give specific guidance for this … Read the rest
A123 Systems (AONE) has signed a deal with AES Energy (AES) and will supply 20MW in lithium battery storage solutions for a 500MW power plant in Chile. This is the 2nd project in Chile the two companies have collaborated on. Currently, all of its battery storage biz comes from AES, so the technology would be further validated with deals with other utilities. A123’s storage solutions will provide stability to the electric grid in northern Chile, … Read the rest
Valence Technology (VLNC) posted mixed results late last week and traders didn’t react much keeping the stock above its 50 day moving average and the bullish uptrend off the August lows intact. The company beat on the EPS side posting a loss of .01/share (vs the estimate for a .02/share loss), but the revenue number missed with the company reporting $13.8 million vs the $15 million analyst estimate. The good news is that the company … Read the rest