A123 Systems 50% Gain
- Monday, September 28, 2009, 1:24
- EV Battery, EV Components & Parts, Green Investing
- 3,262 views
- 1 comment
50% Stock Increase for EV Lithium Ion Battery Maker A123 Systems on 1st Day of Trading
A123 Systems common stock listed as AONE on the NASDAQ stock exchange started it’s trading life recently with a bang…increasing from an initial opening price of $13.50 and ending the day at $20.20 per share. The 50% single day increase no doubt delighted energy investors and entrepreneurs alike, especially since the Massachusetts-based EV battery maker was one of the first green technology and energy-related companies going public in the last decade.
A123 Systems uses nano technology to coat the electrodes of it’s batteries, effectively increasing the surface area which provides for increased thermal stability and improved durability over the life of the electric car battery.
EV battery maker's stock gains 50% in a day
The lithium ion batteries produced by A123 Systems will more than likely be used by General Motors for the Chevy Volt and plug-in hybrid Vue programs and Chrysler’s electric vehicle (EV) and extended range vehicles.
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While the stock news in nice – I would like to see availablity of the cells that they made for EV use – the ones bigger than the 26650M1′s, and pricing on them, as well as the smaller cells – the 18650′s!