Even if newly public battery maker A123 Systems (AONE) soars in the aftermarket, don't feel too bad about being left out of the IPO party, because there are much smarter ways to play the lithium-ion battery market.A123 Systems priced its $378 million IPO Wednesday night, selling 28.1 million shares at $13.50 each, and the stock began trading Thursday. It closed at $20.29, up $6.79 for a 50.3% gain. Shares were down 10 cents after hours.
A123 Systems Soars on IPO, but Why?
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.