Tyngsboro power company secures money for new plant

Full story: Lowell Sun

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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1 - 8 of 8 Comments Last updated Aug 19, 2010
Luiz Picanco

Newburyport, MA

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#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

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#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

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

Lowell, MA

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#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

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#5
Aug 15, 2010
 
Bob

Dracut, MA

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#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

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#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

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

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