Nano Stocks

There is an excellent column from Nanotechnology Now about the A123 Systems IPO as well as the state of other nanotech IPOs

There’s a lot to like about the article and it gives a good breakdown of the current state of potential IPOs for nanotech companies. Allan Shalleck the author notes that financing for nanotech companies remains tight in light of the financial crisis and that there is little appetite for companies that remain unprofitable (most nanotech firms). I feel that Alan’s conclusion that “the IPO window is still closed” is accurate for the time being especially in light of the roller coaster performance of A123 since October (the stock is still down more than 40% from October highs). However, he doesn’t really address the positive outlook for the broad economy going forward or the effect this stabilization might have on IPO prospects. 2010 may just turn out to be a year defined by Nanotech IPOs.

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A123 Systems (NASDAQ:AONE) is up over 14% in midday trading. The move comes on news that A123 along with Detroit Edison will recieve a $5M Department of Energy research grant. The grant is meant to support research examining the potential for Lithium-ion electric car batterys to store emergency energy for the power grid. The grant is part of the government’s $620M R&D stimulus program.

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Goldman Sachs began its coverage of battery maker A123 Systems (NASDAQ: AONE) last week. Goldman placed a $14 price target on the company along with a neutral rating. A123 produces a range of lithium-ion batteries. The stock last traded at $14.53 and has traded down for most of the last month as it has slid from a high of $28.20 in the days after its IPO.

Full Story: Here