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Beacon Power Corporation (BCON) news stock charts

Beacon Power Corporation (BCON) Investment Summary:

Beacon Power Corporation and our subsidiary, Beacon Power Securities Corporation, (collectively "Beacon," "the Company," "we," "our" or "us") design, develop, configure and expect to begin offering for sale, services and advanced products to support more reliable and cost-effective electricity grid operation. We believe that our sustainable energy storage and power conversion solutions can help provide reliable electric power for the utility, renewable energy, and distributed generation markets. We are a development-stage company that was incorporated in Delaware on May 8, 1997. Because we have not yet generated commercial revenue from our expected principal operations which will be to provide frequency regulation services, we are accounted for as a development stage company under Statement of Financial Accounting Standards No. 7. We maintain our principal offices, research and development laboratory and manufacturing facility at 65 Middlesex Road, Tyngsboro, MA 01879.  ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f03%2f17%2f0001047469-08-002957.html#FIS_BUSINESS"   
www.beaconpower.com
61 Employees
Founded in 1997

BEACON POWER CORPORATION (BCON:NASDAQ)

LAST $0.43 USD
CHANGE TODAY +0.0231 5.68%
VOLUME 1.4M
As of 8:10 PM 03/19/10 All times are local (Market data is delayed by at least 15 minutes).

Snapshot of BEACON POWER CORPORATION (BCON)

OPEN
$0.41
PREVIOUS CLOSE
$0.41
DAY HIGH
$0.43
DAY LOW
$0.40
52 WEEK HIGH
06/15/09 - $1.09
52 WEEK LOW
02/24/10 - $0.38
MARKET CAP
76.0M
AVERAGE VOLUME 10 D
2.6M
EPS TTM
$-0.16
SHARES OUTSTANDING
176.8M
BCON Does Not Pay Dividends
P/E TTM
--
K = Thousands  M = Millions  B = Billions

Key developments for BEACON POWER CORPORATION (BCON)

Beacon Power Corporation Announces Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2009

Beacon Power Corporation announced consolidated earnings results for the fourth quarter and full year ended December 31, 2009. For the fourth quarter of 2009, the company reported revenue of $303,000 and a net loss of $4.7 million, or $0.04 per basic and diluted share, compared to revenue of $15,000 and a net loss of $7.2 million, or $0.08 per basic and diluted share, for the fourth quarter of 2008. The lower net loss during the fourth quarter of 2009 as compared to the fourth quarter of 2008 was primarily due to lower research and development spending, which was partially offset by increases in depreciation and amortization expense and in general and administrative spending. Loss from operations was $4.6 million against $7.2 million reported last year. For the year, Beacon Power reported revenue of $926,000 and a net loss of $19.1 million, or $0.16 per basic and diluted share, compared with revenue of $68,000 and a net loss in 2008 of $23.6 million, or $0.26 per basic and diluted share. Loss from operations was $19 million against $23.8 million reported last year. Net cash used in operating activities increased from $13.8 million in 2008 to $20.6 million in 2009.

Beacon Power Corporation Seeks Financing

Beacon Power Corporation intends to raise fund. The company stated, We will require substantial funds to manufacture and deploy our systems, market our services and increase our revenues. We anticipate that such funds will be obtained from a combination of equity, debt, and/or the sale of turnkey systems. The extent of the funds needed is dependent, in part, on the volume of flywheels that we produce and deploy and/or sell as turnkey systems.

Beacon Power Connects Flywheel Energy Storage System to California Wind Farm

Beacon Power Corporation announced that it has shipped, installed and successfully connected a Smart Energy(TM) 25 (Gen 4) flywheel energy storage system at a wind farm in Tehachapi, California. The system is part of a wind power/flywheel demonstration project being carried out for the California Energy Commission. The primary goal of the project is to demonstrate that advanced control technology with energy storage can help expand the delivery of wind energy by effectively increasing the capacity of constrained transmission facilities in the area. The project will incorporate 'intelligent agent' controls and Beacon's flywheel energy storage technology to demonstrate how to enable as much wind-generated electricity to be delivered as possible without exceeding the limits of the locally constrained transmission system. Energy storage and intelligent agent control technology have been identified as key elements of the Smart Grid, a U.S. DOE-funded and industry-supported initiative to modernize the country's electrical transmission systems and make possible more efficient delivery of power, along with a more flexible, robust, and reliable grid. Under the scope of this project the Smart Energy(TM) 25 flywheel will normally provide frequency regulation. However, during times when the local sub-transmission line becomes constrained due to lack of reactive power or thermal overload, intelligent agents will override the regulation function and direct the flywheel to take action that in a full-scale commercial system would help alleviate the constraint. Once the constraint is resolved, the system will return to its primary function of performing frequency regulation. In this way the project will provide proof of concept of how flywheel energy storage can deliver additional value to a grid operator beyond its main function of frequency regulation.

Beacon Power Corporation financial resources

otc, otcbb, pinksheet, BCON, ob Beacon Power Corporation

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Industry Analysis

Valuation BCON Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 77.6x
Price/Book 2.5x
Price/Cash Flow NM Not Meaningful
TEV/Sales 100.3x

BCON

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BCON transactions

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Date
Target
No transactions in the last 6 months.

More Recent Financial News About Beacon Power Corporation

Beacon Power Announces Fourth-Quarter, Fiscal Year 2009 Results

Quote: NASDAQBCONNews), a leading provider of advancedproducts and services to support a more stable, reliable and efficientelectricity grid, announced its financial results for the fourth quarterand fiscal year ended December 31, 2009.In Fiscal Year 2009, the Company:For the fiscal year ended December 31, 2009, Beacon Power reportedrevenue of $926,000 and a net loss of $19.1 million, or ($0.16) pershare, compared with revenue of $68,000 and a net loss in 2008 of $23.6million, or ($0.26) per share. Dur...
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Q4 2009 Beacon Power Corporation Earnings Release - Before Market Open

Quote:
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BEACON POWER CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibit

Quote: BEACON POWER CORPRequest a Trial to NEW EDGAR Online Pro Form 8-K for BEACON POWER CORP 15-Mar-2010Results of Operations and Financial Condition, Financial Statements and Exhibit Privacy PolicyAbout Our AdsTerms of ServiceCopyright/IP PolicySend FeedbackSEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Neither Yahoo! nor any of independent providers is lia...
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Beacon Power Connects Flywheel Energy Storage System to California Wind Farm

Quote: As California builds theinfrastructure to achieve 33 percent renewable energy resources by 2020,this research will be important in operating the transmission grid withmore renewables in the future,” said Energy Commissioner Jeffrey Byron.“In collaboration with the Commission’s Public Interest Energy Research(PIER) program, California ISO, and PG&E, Beacon Power completed asuccessful research project and field demonstration on the value ofenergy storage for maintaining reliabil...
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Beacon Power Corporation Earnings Call scheduled for Mon, Mar 15

Quote: Call DetailsBeacon Power Corporation Earnings Conference Call (Q4 2009)Scheduled to start Mon, Mar 15, 2010, 11:00 am EasternAfter the event has finished, the audio will be availablefrom this page until Wed, Mar 16, 2011About Beacon Power CorporationBCON)Beacon Power Corporation designs, develops, and commercializes advanced products and services to support stable and reliable electricity grid operation in North America. The company primarily focuses on commercializing its patented flywheel ener...
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Beacon Power to Release Fiscal 2009 Financial Results and Host Conference Call on March 15, 2010

Quote: During the call, Bill Capp, Beacon Power president and CEO, andJim Spiezio, CFO, will review the Company’s operations and results,followed by a question and answer session.www.beaconpower.com.Please connect at least 15 minutes prior to the webcast to ensureadequate time for any software download that may be needed.“Beacon Power is committed to continued progress toward successfulcommercialization and increasing transparency for our shareholders,”stated Bill Capp, president and...
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Beacon Power to Present at the Roth Capital Growth Conference on March 17, 2010

Quote: Eastern Time.www.beaconpower.comwww.rothcp.com.About Beacon Power Corporationwww.beaconpower.com.Safe Harbor Statements under the Private Securities LitigationReform Act of 1995: The Material contained in this press release mayinclude statements that are not historical facts and are considered“forward-looking” statements within the meaning of the PrivateSecurities Litigation Reform Act of 1995. These forward-lookingstatements reflect Beacon Power Corporation’s current views ab...
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BEACON POWER CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: Item 8.01Other Events. As previously disclosed, Beacon Power Corporation (the "Company") has entered into a Common Stock Purchase Agreement dated as of February 19, 2009 between the Company and Seaside 88, LP and a first amendment to such agreement dated as of June 19, 2009 (as so amended, the "Agreement").Under the Agreement, the Company is required to issue and Seaside to buy 1,500,000 shares of the Company's common stock twice each month at closings on the 5th day and 20t...
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Beacon Power eyes 1.5M share offering

Quote: Beacon Power Corp., a developer of power storage and management technologies, said it plans to raise $541,500 through the public sale of some 1.5 million company shares.The Tyngsborough, Mass.-based company said the proceeds will be used to support general corporate activities, including the development and deployment of its flywheel technologies used to store and transmit electricity.In December, Beacon Power (Nasdaq: BCON) said it planned to raise $15 million in a common stock offering.In the ...
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BEACON POWER CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: Item 8.01Other Events. As previously disclosed, Beacon Power Corporation (the "Company") has entered into a Common Stock Purchase Agreement dated as of February 19, 2009 between the Company and Seaside 88, LP and a first amendment to such agreement dated as of June 19, 2009 (as so amended, the "Agreement").Under the Agreement, the Company is required to issue and Seaside to buy 1,500,000 shares of the Company's common stock twice each month at closings on the 5th day and 20t...
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BEACON POWER CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits

Quote: Item 8.01Other Events. As previously disclosed, Beacon Power Corporation (the "Company") has entered into a Common Stock Purchase Agreement dated as of February 19, 2009 between the Company and Seaside 88, LP and a first amendment to such agreement dated as of June 19, 2009 (as so amended, the "Agreement").Under the Agreement, the Company is required to issue and Seaside to buy 1,500,000 shares of the Company's common stock twice each month at closings on the 5th day and 20t...
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Beacon Power Accelerating Production Plans to Build Nation's First Full-Scale Flywheel Energy Storage Plant

Quote: This growth in domestic cleanenergy jobs is helping to meet an important policy goal of the Obamaadministration.”“Beacon Power’s job expansion is welcome news for the Massachusettsclean energy cluster Governor Patrick has championed forcefully,” saidSecretary of Energy and Environmental Affairs Ian Bowles. “And, as thenation makes the transition to a clean energy economy, advanced powerstorage technologies like Beacon’s will find ever larger markets andmo...
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InPlay: Beacon Power accelerating production plans to build nation's first full-scale flywheel energy storage plant

Keywords: market update, investing education, financial advice, financial planning
Quote:
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Beacon Power Announces Proposed Public Offering of Common Stock

Quote: A prospectus supplement describing the terms of this offering willbe filed with the SEC and forms a part of the effective registrationstatement.http://www.sec.gov.Interested parties may also contact Lazard Capital Markets LLC inconnection with this offering or to obtain a copy of any of the abovementioned prospectuses at 30 Rockefeller Plaza, 60th Floor, New York, NY10020 or via telephone at (800) 542-0970.This press release is not an offer to sell or the solicitation of anoffer to buy these sec...
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Beacon Power expects to raise $19.2M in stock sale

Quote: said Friday it priced a public offering of 38.1 million stock units, and expects to raise $19.2 million from the sale.Beacon Power said it will sell units that are made up of half a share of stock and an option to buy another half share. The units were priced at 54.4 cents each, and the exercise price on the options is 70 cents. The warrants can be exercised as soon as they are bought.About $13 million of the proceeds will be used to fund a flywheel frequency regulation plant in Stephentown, N.Y...
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Beacon Power Prices $20.7 Million Public Offering of Common Stock and Warrants

Quote: Theoffering is expected to close on or about December 9, 2009, subject tothe satisfaction of customary closing conditions.http://www.sec.govor from Lazard Capital Markets LLC at 30 Rockefeller Plaza, 60th Floor,New York, NY 10020 or via telephone at (800) 542-0970.This press release is not an offer to sell or the solicitation of anoffer to buy these securities, nor shall it constitute an offer,solicitation, or sale in any jurisdiction in which such offer,solicitation or sale is unlawful.About Be...
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Beacon Power Integrates Additional Megawatt of Flywheel Energy Storage on New England Power Grid

Quote:
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Beacon Power Announces Completion of $20.7 Million Public Offering of Common Stock and Warrants

Quote: This press release is not an offer to sell or thesolicitation of an offer to buy these securities, nor shall itconstitute an offer, solicitation, or sale in any jurisdiction in whichsuch offer, solicitation or sale is unlawful.About Beacon Powerwww.beaconpower.com.Safe Harbor Statements under the Private Securities Litigation ReformAct of 1995: This Material contained in this press release mayinclude statements that are not historical facts and are considered“forward-looking” stateme...
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Beacon Power to Benefit from Changes in Midwest Frequency Regulation Market

Quote: Beacon Power was anactive participant in the filing and stakeholder review process, and wasreferenced by FERC in its ruling more than 30 times. FERC approved (andthe final tariff incorporates) all significant elements of Beacon’sstakeholder comments, which were filed on June 2, 2009. As a result,when Beacon enters the Midwest ISO regulation services market theCompany will be paid the maximum allowable amount for such services, inaccordance with market prices paid to conventional fossil-fu...
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Beacon Power to Benefit from Changes in Midwest Frequency Regulation Market

Quote: Beacon Power was anactive participant in the filing and stakeholder review process, and wasreferenced by FERC in its ruling more than 30 times. FERC approved (andthe final tariff incorporates) all significant elements of Beacon’sstakeholder comments, which were filed on June 2, 2009. As a result,when Beacon enters the Midwest ISO regulation services market theCompany will be paid the maximum allowable amount for such services, inaccordance with market prices paid to conventional fossil-fu...
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