A123 Systems 3Q Results A Mixed Bag; Wunderlich Securities Rating Unchanged

A123 Systems, Inc.

reported 3Q10 results that were a mixed bag, Wunderlich Securities reports. The company reported revenue of $26.2 million and a loss of $0.42 per share. “We had forecast revenue of $24.9 million and a loss of $0.31 per share,” Wunderlich Securities writes. “The Street had been looking for revenue of $25.9 million and a $0.29 loss per share. Customer delays, issues, and start-up costs dominated the conference call. We continue to rate AONE shares a Hold with a $9.00 price target.” A123 Systems currently trades at $8.97.