Showing posts with label A123 Systems. Show all posts
Showing posts with label A123 Systems. Show all posts

Wednesday, June 13, 2012

Wednesday’s biggest gaining and declining stocks

Wednesday’s biggest gaining and declining stocksAtlanta, GA 6/13/12 (StreetBeat) – Following are some of Wednesday’s biggest gaining and declining stocks:

Gainers

Kit Digital Inc. (Nasdaq:KITD) added nearly 11%. The company, in a Securities and Exchange Commission filing, said that it is in talks with several prospective buyers. The company said it expects to report more details soon.

Simulations Plus (Nasdaq:SLP) shares added 5.3%. The company said earlier Wednesday that it signed a collaboration agreement with a major pharmaceutical company to extend and enhance its oral cavity dosing model within its GastroPlus simulation-software program.

Decliners

A123 Systems (Nasdaq:AONE) shares shed 18% on Wednesday. The shares gave back some of their 52% gain in the previous session. On Tuesday, the Waltham, Mass., maker of batteries for electric cars said it’s introducing a “breakthrough” lithium ion power cell, dubbed Nanophosphate EXT. I

3D Systems Corp (NYSE:DDD) fell 5%. The company said Tuesday afternoon that it plans to sell $100 million of new stock to fund acquisitions and run its business.

Scotts Miracle-Gro (NYSE:SMG) shares fell 12%. Scotts said late Tuesday that it will come up short of its prior fiscal-year forecast as sales growth momentum at its biggest U.S. retail partners has fallen off.

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Monday, March 26, 2012

A123 Systems (Nasdaq:AONE) falls on news of defect and new costs

A123 Systems (Nasdaq:AONE) falls on news of defect and new costsOrlando, FL 3/26/12 (StreetBeat) -- Shares of A123 Systems (Nasdaq: AONE) tumbled by double digits to an all-time low Monday after the company said it would have to replace battery modules and packs that might be defective.

The battery equipment might contain defective components called prismatic cells, which were made at its factory in Livonia, Mich.There is a chance, because of the problem, that battery equipment could fail early, but does not pose a safety issue, the company said.

A123 Systems expects to start shipping replacement packs and modules to affected customers this week. The company said the cost of replacing the equipment will be about $55 million, and will be paid for over the next several quarters.

The defects were not found in prismatic cells manufactured outside the Livonia factory, the company said.

A123 Systems makes lithium ion batteries for electric cars. The company said it is taking steps to improve its manufacturing process, including the hiring in January of Chief Operating Officer Ed Kopkowski.

Kopkowski was previously vice president of operational excellence at auto supplier Dana Holding Corp (NYSE: DAN). He has more than 25 years of management and operational experience in improving quality and reducing costs, the company said.

Shares of A123 Systems Inc. slid 18 cents to $1.52 in morning trading, giving up all of the gains from earlier this month when the company announced that it would supply Indian automaker Tata Motors with lithium ion battery packs for use in commercial vehicle hybrid electric systems.

Shares at one point fell to $1.48, surpassing a previous low reached in December.

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Friday, March 23, 2012

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

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