A123 Systems (AONE) Shares Jump Nearly 9 %
By Daniel James Hayden IV
February 02, 2010 10:34 AM
February 02, 2010 10:34 AM
The share price of A123 Systems, Inc. (Nasdaq: AONE) shot up nearly 9% this morning.
The shareholders of A123 Systems received positive news on Monday when the Obama administration's proposed budget included $2.4 billion for the clean technology sector.
A123 Systems, Inc. is the designer and manufacturer of advanced, rechargeable lithium-ion batteries and battery systems.
The clean technology sector still relies heavily on government support, so any signs of support from the government can have great influence over the industry's stock prices.
A123 Systems will release its earnings report on February 16. Last quarter, the company a 13.73% quarter-over-quarter gain in earnings per share.
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