Deutsche Bank Says A123 Is Under Appreciated

Deutsche Bank hosted A123 Systems

at several investor meetings last week during DB's Technology conference. Deutsche Bank continues to believe that AONE can gain significant share of the light vehicle lithium ion market, based on achievements to-date, as well as comments from OEM's and competitors that place AONE in the top 3 of battery suppliers. DB also states there may be several catalysts to help move the stock in the next 6-12 months. There have been early indications for general consumer demand for EV's and PHEV's, as well as indications of significantly improving margins. Other key takeaways include the major OEM program announced on the company's 2Q10 earnings call will not require an additional competitive bidding round. Deutsche Bank has a Buy rating and a price target of $17 on A123 Systems. AONE closed Wednesday at $8.83.