A123 System Sees a Quick Friday Rebound (AONE)

A123 Systems (NASDAQ: AONE) managed a quick Friday rebound after trading at its all-time low recently. A123 Systems closed today’s trading session at a share price of $0.757, or 9.6% higher than its previous close. Volume of the stock spiked to a total of 9.7 million shares.

A123 Systems had been steadily declining before today’s rebound. Despite today’s rally, the year-to-date share price loss for the stock totals 53%. Today’s rebound may be a signal for investors to jump on board.

Several newsletters have promoted A123 Systems. There are eight results found on stockpromoters.com for the promotion of A123. Search results on Twitter show that Penny Trader COM promoted A123 Systems today, as noted by @pennystock24.

Headlines for A123 Systems have been scarce until two significant events occurred for the company this week:

  • Today, July 20, 2012: The company announced that it received a contract to supply a 2-megawatt grid energy storage system to China’s Ray Power Systems.
  • July 19, 2012: A123 Systems announced that it was chosen by BAE Systems to supply it with lithium ion battery packs for use on some buses and for other commercial uses.

A123 Systems, incorporated on October 19, 2001, designs, develops, manufactures and sells rechargeable lithium-ion and energy storage systems. The company designs and develops batteries and battery systems for ALTe, Axeon, BAE Systems, BMW, Daimler, Delphi, Fisker Automotive, General Motors, Magna Steyr, Navistar, Shanghai Automotive Industry, Smith Electric Vehicles, Via Motors, and other customers, for multiple vehicle models.

As of January 2012, A123 Systems had 22 transportation programs that are either sourced for production or in production.

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.