Bryan S. Gomez is from Manila and has been a student of the markets for 10 years. He started working for Citisecurities upon graduating from Ateneo de Manila University with a bachelor's degree in Management Engineering. Because of the internet, the investing landscape has been put in a level... More
Aside from the Volvo news, HEV stock has been going up the past few days because of the upward repricing of A123 Systems (AONE) IPO. The range was raised from $8-$9 to $13.5. The market seems to be putting a premium on A123 Systems compared to other lithium ion battery makers as they already initially have $90M in sales and better established relationship with suppliers and client OEMs. So they say! Assuming we ride on this perception and put a 20% discount from $13.5 just to put a relative ballpark estimate of HEV's earnings, then we get at least $10.8. Both have yet to turn a profit though.
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HEV price target 0 comments
The author is long HEV.
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