Bloomberg reported that shares of A123 Systems Inc. (NASDAQ:AONE) inched down after a Goldman Sachs analyst, Mark Wienkes, downgraded the company.
Bloomberg reported that shares of A123 Systems Inc. (NASDAQ:AONE) inched down after a Goldman Sachs analyst, Mark Wienkes, downgraded the company.
As quoted in the market news:
Late Monday, analyst Mark Wienkes downgraded A123 to “Sell” from “Neutral,” saying the company is likely to need more cash in the next 12 to 15 months, as the ramp-up in sales of car batteries is going slower than expected. Some of that cash could come from its recently established credit line, he said. He put a $2.50 price target on the stock, down from $5.
Last week, General Motors said A123 will supply the battery for an all-electric version of the Chevy Spark, driving A123′s shares up. But Weinkes said the near-term market for this city-oriented car is probably limited. He also said sales of the all-electric Nissan Leaf and the plug-in hybrid Chevy Volt have been weak, and he is less optimistic about sales of electric vehicles in the next one to three years.
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 1782.75 | -16.38 | |
Silver | 20.47 | -0.30 | |
Copper | 3.56 | -0.10 | |
Palladium | 2200.00 | -13.00 | |
Platinum | 944.50 | -16.50 | |
Oil | 89.81 | -2.28 | |
Heating Oil | 3.45 | -0.07 | |
Natural Gas | 8.63 | -0.14 |
DOWNLOAD FREE REPORTS
BROWSE COMPANIES BY SECTOR
- Agriculture Investing
- Phosphate Investing
- Potash Investing
- Base Metals Investing
- Copper Investing
- Iron Investing
- Lead Investing
- Nickel Investing
- Zinc Investing
- Battery Metals Investing
- Cobalt Investing
- Graphite Investing
- Lithium Investing
- Manganese Investing
- Vanadium Investing
- Critical Metals Investing
- Magnesium Investing
- Rare Earth Investing
- Scandium Investing
- Tantalum Investing
- Tellurium Investing
- Tungsten Investing
- Energy Investing
- Oil and Gas Investing
- Uranium Investing
- Gem Investing
- Diamond Investing
- Industrial Metals Investing
- Aluminum Investing
- Chromium Investing
- Coal Investing
- Molybdenum Investing
- Tin Investing
- Precious Metals Investing
- Gold Investing
- Palladium Investing
- Platinum Investing
- Silver Investing
- 3D Printing Investing
- Bitcoin Investing
- Blockchain Investing
- Cleantech Investing
- Cloud Investing
- Cryptocurrencies
- Data Investing
- Emerging Tech Investing
- Artificial Intelligence Investing
- Mobile Investing
- Robotics Investing
- Fintech Investing
- Gaming Investing
- Esports Investing
- Nanoscience Investing
- Graphene Investing
- Nanotech Investing
- Security Investing
Featured Battery Metals Stocks
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.