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A123 Systems' (AONE -5.9%) cash balance continues to shrink after the company yesterday filed an...
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Friday, June 29, 2012, 11:31 AM ETA123 Systems' (AONE -5.9%) cash balance continues to shrink after the company yesterday filed an amended S-3 detailing its financial situation. Wunderlich says that at the current cash burn rate, AONE will need $400M more over the next 18 months just to survive and reiterates its Sell rating with a $0.50 price target.
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But AONE technology succeeding in the marketplace is in the
National Strategic Interest, a concept that is lost on the spoiled,
gimmie, I deserve a free lunch generations that are mainstream
today. Liberals love the electric vehicle concept because it is
"clean" and they don't want to think too much about how electricity
is generated (mostly "dirty" ) except for solar and wind, and the
battery is a storage box no matter how it's made. But if it is lighter,
more efficient, and has a longer life, what's not to like, all politics
aside? Our military vehicles and aircraft can benefit even if the
US is so backwards we won't put the muscle in EV adoption as
they can do in China as a matter of decree. And battery storage
capability is essential to the power grid when the generation is
from wind or solar. Cloud storage is also largely dependent on
battery backup. If A123 Systems can't be profitable, it deserves
to be nationalized. If it was part of a space race program, it would
be. This company must not fail.
Here is some of the research being done:
http://bit.ly/Mm007s
http://bit.ly/LDSscI
Before it goes to 50 cent it will be probably taken out at $ 1.50 to 3.00
thai is my guess and bet that is why i trade