Tyngsboro power company secures money...

Tyngsboro power company secures money for new plant

There are 8 comments on the Lowell Sun story from Aug 15, 2010, titled Tyngsboro power company secures money for new plant. In it, Lowell Sun reports that:

Beacon Power Corp. got word from the Obama administration this week that a $43 million loan the company had requested in November to build a first-of-its-kind 20-megawatt flywheel plant in upstate New York has been finalized.

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Luiz Picanco

Newburyport, MA

#1 Aug 15, 2010
A few corrections regarding U.S. Rep. Niki Tsongas' statement. BCON produces no power what so ever, clean or otherwise.
Also BCON's stock price never once closed
at 68 cents a share in July. The highest that it ever closed was 37 cents a share.
There are a few other errors with her statement but why bother.
Bronson

Lowell, MA

#2 Aug 15, 2010
Luiz Picanco wrote:
A few corrections regarding U.S. Rep. Niki Tsongas' statement. BCON produces no power what so ever, clean or otherwise.
Also BCON's stock price never once closed
at 68 cents a share in July. The highest that it ever closed was 37 cents a share.
There are a few other errors with her statement but why bother.
There is an old saying "figures lie and liars figure".
Pro Tyngsboro Business

Tyngsboro, MA

#3 Aug 15, 2010
Way to go Beacon Power.
UMans

Lowell, MA

#4 Aug 15, 2010
I really hope I'm reading it incorrectly in that it took a 67 million dollar loan to create 10 permanent jobs. I hope (and assume) there are more non-permanent jobs that are just not mentioned.

“Bill Clinton could have ”

Since: May 10

Prevented this

#5 Aug 15, 2010
Bob

Dracut, MA

#6 Aug 15, 2010
A 32 cent stock price is not a good signal for the company's long term health. This looks like throw away money to me.
flywheelsrule

Burlington, MA

#7 Aug 16, 2010
Bob wrote:
A 32 cent stock price is not a good signal for the company's long term health. This looks like throw away money to me.
Or maybe a good buying opportunity.
Bob

Dracut, MA

#8 Aug 19, 2010
The company lost $5.6M in Q2. Not the kind of stock I want to buy.

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