A123 Systems already at $20 a Share

Outstanding IPO for A123 Systems (NASDAQ:AONE) already up 44% despite the fact the company has yet to turn a profit.  A123 makes batteries that power hybrid and electric cars, thus traders are loading up and looking for a growth stock.

Google Finance doesn't have it listed yet, but the day is still early, here is the quote information via Yahoo Finance - click here.  A123 Systems increased both the size and the price of its stock-market listing to almost $400 million. Its shares were priced at $13.50 apiece for the IPO; they jumped to $20 in early trading today.

Is this the beginning of the green tech revolution or a reprise of the tech bubble?

Let’s take a look under the hood, as it were. A123, based in Cambridge, Mass., makes batteries that power hybrid and electric cars, among other things. The market for electric cars could be potentially huge, since the U.S. and other big economies want to wean themselves off oil and curb greenhouse-gas emissions.

Learn more about A123 Systems at their website - click here.
A123Systems is one of the world's leading suppliers of high-power lithium ion batteries using our patented Nanophosphate™ technology designed to deliver a new combination of power, safety and life.

Full Story at WSJ.com - Click to Read>>

SOURCE:  http://blogs.wsj.com/environmentalcapital/2009/09/24/cleaning-up-is-a123...