AeroVironment (AVAV) announced yesterday it received Underwriters Laboratories (UL) listing for its electric car home charging stations. This clears the way for the installations of the charging systems to begin at homes this fall in preparation for the launch of the electric vehicle of a major auto manufacturer according to a press release. I believe they are referring to the launch of the Nissan Leaf since Nissan chose the AVAV charging system back in January, … Read the rest
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Aerovironment (AVAV) Back Below Key Support Following Downgrade
Yesterday, Aerovironment (AVAV) fell back below key support of the 50 and 200 day moving averages after Janney Montgomery downgraded the stock from Buy to Neutral.
Hat tip to StreetInsider.com for the following analyst comment:
“Aerovironment (AVAV) reported the first loss in its history as a public company in its fiscal 2010 first quarter (ended August 1, 2009), as the result of orders being pushed back by customers waiting for the Company’s eagerly anticipated DDL … Read the rest