SOURCE: Wall Street Equity Research

Wall Street Equity Research

August 23, 2010 08:58 ET

Professional Research on A123 Systems and Advanced Battery Technologies - Progress on the Way

JOHANNESBURG, SOUTH AFRICA--(Marketwire - August 23, 2010) -   www.wallstreetequityresearch.com gives shareholders valuable insight on industrial electrical equipment stocks A123 Systems Inc. (NASDAQ: AONE) and Advanced Battery Technologies Inc. (NASDAQ: ABAT). Sign up today at www.wallstreetequityresearch.com to receive free research reports on these equities.

The industrial electrical equipment industry was hit hard by the recession as businesses cut back on spending and consumers reduced their purchases. Although quarterly earnings reports in the industry have been mixed with some companies still posting losses, there are signs of recovery in the industry, which has risen 2.82 percent over the last month.

www.wallstreetequityresearch.com is a specialized website where investors can have specific access to free reports industrial electrical equipment industry; traders looking for analyst opinions on A123 Systems Inc., Advanced Battery Technologies Inc. and other companies in this industry are welcomed to sign up for a free one year membership at http://www.wallstreetequityresearch.com/.

A positive trend for the economy as a whole and the industrial equipment industry is the rise in business spending. The second quarter saw a huge increase of 21.9 percent in cooperate spending on equipment and software, the highest jump in ten years. 

Companies involved in cleaner energy production and energy storage are benefiting from the market shift towards more efficient performance. As companies seek to reduce their operating costs and emissions, they are looking to update their production technologies. With natural gas, electric and hybrid modes of transportation gaining in popularity, the high demand for batteries and turbines is also bolstering the industry. Visit us at http://www.wallstreetequityresearch.com/ to understand the catalysts and forces driving or affecting the industrial electrical equipment industry in today's economic environment.

On the earnings side, A123 Systems Inc. announced its financial results in the second week of August with loss widening to $34.2 million as compared to $21.9 reported in the same quarter in 2009. Advanced Battery Technologies Inc. which posted its earnings a day before A123 Systems saw its net income surged by 315% year over year to $12.5 million with revenue rising by 65.8% year over year. Traders can have complimentary access to today's complete research reports on A123 Systems Inc. and Advanced Battery Technologies Inc. by signing up at http://wallstreetequityresearch.com/August232010A123SystemsInc.(AONE)230810.php or http://wallstreetequityresearch.com/August232010AdvancedBatteryTechnologiesInc.(ABAT)230810.php.

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