Friday’s Battery Stocks on the Move: AONE, CBAK, XIDE, XDSL

Tallahassee, FL 3/23/12 (StreetBeat) – Investorideas.com, a leader in renewable energy stock research for independent investors, issues an investor alert for battery stocks for mid-day trading Friday March 23, 2012.

A123 Systems, Inc. (NasdaqGS: AONE) is trading up slightly at $ 1.72, up 0.04(2.38%) 1:47PM ED on over 800,000 shares. Earlier in March the Company reported that Advanced Traction Battery Systems (ATBS), A123's co-owned Shanghai-based joint venture company, has been selected to develop battery packs for a new plug-in hybrid electric (PHEV) sedan from Geely, one of the fastest-growing automakers in China and the parent company of Volvo Car Corporation. Under the terms of the development agreement, A123 will supply 20Ah prismatic cells to ATBS for the production of complete lithium ion battery packs for Geely's new PHEV, which is expected to launch in China in 2014.

China BAK Battery, Inc. (NasdaqGM: CBAK) is leading the sector, trading at $0.9201, up 0.1001(12.21%) 1:34PM EDT on over 800,000 shares. The stock has traded as high as $1.03 in today’s session.

mPhase Technologies, Inc. (OTC.BB: XDSL) is trading up 6.25% on over 1.2 Million shares.
Earlier this month the Company said it is exploring the printing of its Smart NanoBattery with Graphene and other advanced new materials.

Exide Technologies (NasdaqGS: XIDE) is trading up at $3.15, up 0.10(3.28%) 1:46PM EDT on over 266,000 shares.

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