Hope you guys are enjoying the new year so far.
Does anyone follow A123 Systems (AONE)? They make Lithium-Ion batteries for electric vehicles and grid storage. The stock has been beaten down recently by politics, cash-burn, etc., but they have announced some deals recently. Also, I believe I read that they'll spend less money this year. (Maybe that was just a yahoo post.) Some of their recognizable customers include GM, Fisker, BMW. They've also received a lot of Gov't money (much like Solyndra, but hopefully w/o the same results).
Solar/wind farms coming online would likely help this stock, as would news of any instability in the middle east. On the flip side, poor electric vehicle sales and stories of EVs catching fire would likely hurt this stock. I'm also concerned about the possibility that this technology might keep getting pushed to the right and fizzle out in favor of some other alternative energy source.
Just wanted to see if anyone else was looking at AONE and had any thoughts/opinions that they were willing to share. I get by on my good looks, not my intellect. So, if you respond, please type slowly to make it easier for me to follow along.
Thanks.
Does anyone follow A123 Systems (AONE)? They make Lithium-Ion batteries for electric vehicles and grid storage. The stock has been beaten down recently by politics, cash-burn, etc., but they have announced some deals recently. Also, I believe I read that they'll spend less money this year. (Maybe that was just a yahoo post.) Some of their recognizable customers include GM, Fisker, BMW. They've also received a lot of Gov't money (much like Solyndra, but hopefully w/o the same results).
Solar/wind farms coming online would likely help this stock, as would news of any instability in the middle east. On the flip side, poor electric vehicle sales and stories of EVs catching fire would likely hurt this stock. I'm also concerned about the possibility that this technology might keep getting pushed to the right and fizzle out in favor of some other alternative energy source.
Just wanted to see if anyone else was looking at AONE and had any thoughts/opinions that they were willing to share. I get by on my good looks, not my intellect. So, if you respond, please type slowly to make it easier for me to follow along.
Thanks.