Bachman Sees Chrysler Announcement as a Potential Positive for A123 (Nasdaq:AONE)
Source: http://feedproxy.google.com/~r/smallcappulse/feed/~3/YytuYT8KO8g/Posted on Thursday, November 5th, 2009 | In Investing Lessons, Small & Micro Cap
Contributed by: Small Cap Pulse (http://www.smallcappulse.com/index.php/blog/detail/) -
November 5, 2009 ndash; Analyst Comments ndash; Pacific Crestrsquo;s Mark Bachman commented on Chryslerrsquo;s PHEV business this morning and the implications for A123 (Nasdaq:AONE). He maintains A123 at OUTPERFORM. nbsp;
Key Takeaways
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Chryslerrsquo;s announcement that it is including a PHEV Ram pickup in its 2011 ENVI fleet could be a positive for A123, though no units or suppliers were noted. Chrysler would now have five models with PHEV platforms.
middot;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp;nbsp; Believes A123rsquo;s shares are fairly valued at $19, but incrementally more positive on Chryslerrsquo;s ENVI roadmap
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