A123 Systems (AONE +22.6%) soared in late trading today to close at $0.613, a day after...

|About: A123 Systems, Inc. (AONEQ)|By:, SA News Editor

A123 Systems (AONE +22.6%) soared in late trading today to close at $0.613, a day after announcing a financing deal with China's Wanxiang Group that one estimate valued at $0.55/share. The rally came even though Congressman Cliff Stearns (R-FL) expressed his opposition to the deal, due to concerns about the DOE-backed battery maker's IP being owned by a Chinese company.