Goldman Sachs: A123 Systems, Inc. Highlights Analyst Day, Maintains Neutral
Goldman Sachs released a research report on A123 Systems, Inc. (NASDAQ: AONE) highlighting its analyst day.
In the report Goldman Sachs writes, “We expect limited near-term impact on A123 shares given the lack of any meaningful new data and incremental visibility into potential catalysts and/or improved liquidity. As expected, A123 kept its financial targets unchanged, reiterating a revenue outlook of $210-$225 mn for fiscal 2011 with both auto and grid sales on track. Grid sales hold substantial long term potential, but will likely evolve with policy.”
Goldman Sachs maintains a Neutral rating and price target of $5.00 on A123 Systems, Inc., which closed yesterday at $4.79.
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