- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
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.
Outlook Reports
Featured Battery Metals Stocks
Browse Companies
MARKETS
COMMODITIES
Commodities | |||
---|---|---|---|
Gold | 2359.03 | +4.45 | |
Silver | 28.19 | +0.02 | |
Copper | 4.31 | +0.03 | |
Oil | 85.51 | +0.28 | |
Heating Oil | 2.68 | 0.00 | |
Natural Gas | 1.90 | +0.03 |
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.