A123 Surges; Obama Notes Opening of Car-Battery Plant
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A123 Systems Inc., a maker of automotive battery systems, climbed as much as 13 percent after opening a plant to produce lithium-ion electric-car batteries in Michigan.
A123 was up 71 cents, or 9.7 percent, to $8.07 as of 3:08 p.m. in Nasdaq Stock Market composite trading. Shares of the Watertown, Massachusetts-based company, which initially sold for $13.50 a year ago, have dropped 64 percent this year.