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A123 Systems, Inc. (AONEQ)

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AONEQ is defunct.
  • Feb. 10, 2012, 9:41 AM
    A123 Systems (AONE +5.1%) announces that it landed a deal to supply a U.K. grid operator with six lithium ion storage systems. The firm aims to step into markets similar to that in the U.K. that want to go with renewable choices - but face wind and solar power constraints.
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  • Feb. 9, 2012, 10:55 AM
    A123 Systems (AONE -12.2%) is off sharply after Wunderlich, which upgraded the company in October and defended it 2 weeks ago, downgrades it back to Sell on account of customer Fisker Automotive's most recent woes. Wunderlich believes Fisker will slash its production forecast for its Karma electric car even further, thereby hurting A123's battery sales.
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  • Feb. 9, 2012, 9:03 AM
    Premarket gainers: TLEO +17%. AKAM +14%. CSOD +8%. ONNN +6%. HPY +5%. SABA +5%. LLNW +5%. V +4%. LVLT +4%. BPOP +3%. URBN +3%. STP +3%. FBN +3%.
    Losers: DMND -40%. IRBT -23%. TRIP -16%. ARRY -14%. GRPN -11%. VLNC -8%. AONE -5%. TQNT -5%. KKR -5%. ING -4%. AMSC -3%. PEP -3%.
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  • Feb. 8, 2012, 1:00 PM
    After tumbling yesterday on news that top customer Fisker Automotive is stopping work on its Nina electric sedan and attempting to renegotiate a DOE loan, A123 Systems (AONE +8.5%) is rebounding today. Fisker's woes have taken a toll on A123; its shares fell last month after Fisker cut its 2012 production forecast for its Karma sports car.
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  • Feb. 1, 2012, 1:10 PM
    The PR fiasco that stemmed from reports of Chevy Volts catching fire at a testing center contributed to a 60% M/M decline in Volt sales, to just 603 units, according to GM's (GM +2%) January sales report. Though even before news of the fires emerged, Volt sales were well below expectations. GM's sales report may be pressuring shares of electric car battery maker A123 Systems (AONE -1.2%).
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  • Jan. 24, 2012, 12:58 PM
    A123 Systems (AONE -3.1%) is selling off in spite off Wunderlich's attempt to put a silver lining on top customer Fisker Automotive's recent production forecast cut. According to Wunderlich, Fisker's cut will actually lower A123's 2012 cash burn, and might even prevent it from having to raise capital this year, since A123 loses money on every battery it sells to Fisker.
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  • Jan. 20, 2012, 9:41 AM
    Shares of A123 (AONE -6.1%) slide after the battery maker says it will sell 12.5M units consisting of a share and a warrant for $2.034 per unit. The firm expects to net $23.5M from the sale.
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  • Jan. 20, 2012, 9:15 AM
    Premarket gainers: INSM +24%. ASIA +16%. SWKS +6%. URRE +6%. MPC +5%. BCS +4%. CTIC +4%. RBS +3%. IBM +3%. SAVE +3%. MSFT +3%.
    Losers: ALTH -20%. GOOG -8%. AONE -7%. SQNM -6%. HTGC -6%. COF -6%. PH -5%. ZIOP -5%. MMLP -5%. BWP -4%. CX -4%. CUK -4%. ARCC -4%. CCL -3%. NVS -3%. MT -3%.
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  • Jan. 19, 2012, 9:56 AM
    A123 Systems (AONE +3.6%) rallies a bit after naming Edward Kopkowski its COO. Prior to joining A123, Kopkowski was a VP at Dana Holding, a maker of automotive subsystems. Given A123's massive cash burn, Kopkowski has his work cut out for him.
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  • Jan. 12, 2012, 5:33 PM
    While considering A123 Systems (AONE) a "serious competitor" in the electric car battery market, Dougherty's Andrea James notes the company faces serious liquidity issues, and believes it could run out of money by Q2 '13 unless the DOJ floats it a loan. A123, which had $349M in cash on its balance sheet as of Sep. 30 (offset by $204M in debt), has posted negative free cash flow of roughly $420M over the last 12 months.
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  • Jan. 5, 2012, 10:05 AM
    A123 Systems (AONE +13%) surges after announcing a deal to supply battery packs to VIA Motors, a company that builds all-electric versions of popular trucks, vans, and SUVs. VIA claims A123's battery packs allow it to "package higher power into a compact space."
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  • Dec. 29, 2011, 4:02 PM
    Fisker Automotive recalls 239 of its high-priced Karma cars in the U.S. due to a defective battery from supplier A123 (AONE). The firm's stumbling entry into the plug-in EV sports car market follows similar well-documented electric-car battery headaches at GM.
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  • Dec. 23, 2011, 4:17 PM
    A123 Systems (AONE +2.9%) says it found a "potential safety issue" related to the internal cooling system of the batteries it supplies to major customer Fisker Automotive. A123, whose shares were hammered last month on account of GM's Chevy Volt controversy, claims it has "developed a confirmed repair" for the problem, and expects a "minimal financial impact" from it.
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  • Dec. 20, 2011, 9:27 AM
    A123 Systems (AONE) gains 6.5% after scoring a deal to provide its Grid Battery System to Hawaiian utility Maui Electric. The system is designed to provide 1MW of power for an hour, so as to reduce the peak energy load for one of Maui's transformers. 27.7% of A123's float was shorted as of Nov. 30.
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  • Nov. 29, 2011, 2:57 PM
    A123 Systems (AONE +8.6%) rallies after company officials state they've cut 350 jobs at two Michigan electric car battery plants, on account of recent order cuts from top customer Fisker Automotive. A123, whose shares are down 76% YTD, says it expects Fisker's orders to rebound in Q2 2012.
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  • Nov. 14, 2011, 1:44 PM
    A123 (AONE -7.5%) is selling off again today, after Friday's report of a Chevy Volt catching fire at a testing center triggers a regulatory probe into the safety of lithium-ion car batteries. Shares are now down over 12% since the news broke. GM (GM +2%), however, is recovering from Friday's drop.
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