A123 Systems, Inc.OTC Markets
AONEQ is defunct.
  • Apr. 5, 2012, 11:07 AM

    Shares of A123 Systems (AONE +29.3%) soar as AllianceBernstein discloses a 10.1% stake in the lithium ion battery maker via an amended 13G filing, up from a previously reported 6.4%. Shares had been cut in half after last month's battery recall and resulting analyst downgrades.

    | Apr. 5, 2012, 11:07 AM
  • Apr. 3, 2012, 10:45 AM
    A123 Systems (AONE -11.4%) crashes into penny stock territory after getting hit with a series of class-action suits, apparently related to last month's battery recall. Yesterday, the cash-strapped company fell on news customer Fisker Automotive had obtained new funding - investors weren't identified, but A123 has poured money into Fisker before.
    | Apr. 3, 2012, 10:45 AM | 1 Comment
  • Apr. 2, 2012, 3:49 PM
    Shares of lithium ion battery maker A123 Systems (AONE -9.8%) sink to a new 52-week low and remain hovering near $1, continuing the fallout from last week's recall of modules and battery packs installed in luxury electric vehicles manufactured by Fisker Automotive. Fisker recently has secured more than $1B in new financing.
    | Apr. 2, 2012, 3:49 PM | 1 Comment
  • Mar. 28, 2012, 11:36 AM

    A123 Systems (AONE -14.3%) resumes its three-day 30% swoon since announcing it would replace battery packs due to a manufacturing defect. Deutsche Bank cuts shares to Hold, saying the estimated $55M cost "represents a severe impact" to a company with just $187M in balance sheet cash at year-end 2011 and that had projected free cash burn of at least $155M in FY2012.

    | Mar. 28, 2012, 11:36 AM | 2 Comments
  • Mar. 26, 2012, 9:57 AM

    A123 Systems (AONE -11.2%) tumbles to new all-time lows after the cash-strapped electric car battery maker says it's launching a recall program to replace battery modules and packs may contain defective cells. A123 estimates the program will cost $55M over the next several quarters. (PR)

    | Mar. 26, 2012, 9:57 AM | 1 Comment
  • Mar. 23, 2012, 2:59 PM

    Fisker Automotive closes in on landing $100M in new fundraising to take its total haul up close to $1B. The company plans to unveil its new luxury electric car in NYC on April 3 and provide an update on its business plan. Watching closely will be a number of VC firms and A123 Systems (AONE +2.1%) - as major investors in the snake-bitten firm.

    | Mar. 23, 2012, 2:59 PM | 1 Comment
  • Mar. 22, 2012, 9:49 AM

    With Chevy Volt sales falling flat, GM is hoping next year's release of the Chevy Spark will give its electric car efforts a lift. Pitched by GM as a smaller, cheaper alternative to the costly Volt. Anton Wahlman expects the Spark to sell for less than $30K (not counting tax credits), and compare favorably with the Nissan Leaf (NSANY.PK) in terms of both price and range. A123 Systems (AONE) will be supplying battery packs for the Spark.

    | Mar. 22, 2012, 9:49 AM | 6 Comments
  • Mar. 15, 2012, 9:46 AM

    A123 Systems (AONE +3.2%) rises after striking a deal to develop battery packs for a plug-in hybrid sedan to be manufactured by Chinese automaker Geely. The car is expected to launch in China in 2014. (previously)

    | Mar. 15, 2012, 9:46 AM
  • Mar. 8, 2012, 6:42 AM
    A123 Systems (AONE): Q4 EPS of -$0.65 misses by $0.16. Revenue of $40.4M (+68% Y/Y) misses by $13M. (PR)
    | Mar. 8, 2012, 6:42 AM | 1 Comment
  • Mar. 6, 2012, 12:15 PM

    A123 Systems (AONE +2.2%) says it has secured three production contracts for lithium ion engine start batteries. The pacts with "three leading European automakers" are production contracts for the company’s 12V Engine Start Battery. AONE shares have been sliding since the company issued a Q4 warning and delayed its 10-K filing.

    | Mar. 6, 2012, 12:15 PM
  • Mar. 5, 2012, 11:10 AM

    Polypore (PPO -8.6%) makes new 52-week lows as the Street weighs the implications of GM's (GM -1.3%) decision to temporarily halt Chevy Volt production. Stifel (Buy) is slashing estimates, arguing GM's Volt inventory issues could take 3-6 months to resolve, at least unless sales pick up. Electric car battery supplier A123 Systems (AONE -7.1%), which recently warned, is also plunging today.

    | Mar. 5, 2012, 11:10 AM
  • Mar. 2, 2012, 1:46 PM
    A123 Systems (AONE -6.3%) is now off sharply on account of its Q4 warning, uncertain 2012 guidance, and delayed 10-K filing. Likely playing a role is a downgrade to Underperform from BofA: the firm sees short-term risk rising due to cost overruns, cash burn, and a lack of visibility and transparency. It's also worried A123's electric car battery may develop slowly, and face intense competition.
    | Mar. 2, 2012, 1:46 PM
  • Mar. 1, 2012, 6:26 PM

    A123 Systems (AONE) rises 1.6% AH after preannouncing Q4 revenue of $40.4M (below a consensus of $53.7M) and a net loss of $85M. A123, whose sales have been hurt by Fisker Automotive's production cuts, is also establishing a broad 2012 revenue guidance range of $230M-$300M ($290.8M consensus), while adding it expects no customer to represent more than 15% of 2012 sales. The company reports earnings on March 8. (earlier)

    | Mar. 1, 2012, 6:26 PM
  • Mar. 1, 2012, 9:34 AM
    A123 Systems (AONE +11.1%) shares spike on news of a deal to supply lithium ion battery packs to India-based automaker Tata Motors (TTM) for hybrid electric systems in commercial vehicle applications. The batteries initially will be deployed on city transit buses. Terms of the deal were not disclosed.
    | Mar. 1, 2012, 9:34 AM
  • Feb. 21, 2012, 2:06 PM

    Volatile A123 Systems (AONE +2.3%) moves higher after introducing its Military 6T Battery, a lithium ion system meant to be a replacement for the lead acid batteries currently used in most military vehicles. A123 claims its battery is lighter and lasts longer than lead-acid alternatives, though it likely also costs more.

    | Feb. 21, 2012, 2:06 PM
  • Feb. 10, 2012, 5:59 PM
    Will Fisker Automotive's struggles take down cash-strapped A123 Systems (AONE)? Yesterday's crash in A123 shares suggests the Street has its concerns. It's estimated Fisker accounted for about 30% of A123's 2011 sales, and while A123 expects that figure to decline, the company's cash flow issues suggest it needs all the revenue it can get. (earlier)
    | Feb. 10, 2012, 5:59 PM | 5 Comments