Beacon Power signs $2.8M contract

Full story: Lowell Sun

Recent good news regarding Beacon Power Corp.'s striking a new $2.8 million deal with the U.S. Energy Dept., and receiving a $43 million green-energy loan from the Obama administration did not stop the Nasdaq from threatening to strip the company of its major-stock exchange status due to its sub-$1 stock price.
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1 - 5 of 5 Comments Last updated Dec 22, 2011
Love that company

West Newton, MA

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#1
Oct 1, 2010
 

Judged:

1

Beacon Power, love you guys.
Wondering

Tyngsboro, MA

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#2
Oct 1, 2010
 

Judged:

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The company has staying power, thanks to the taxpayers. The top 3 guys at the company paid themselves almost a combined $1 million and the company hasn't done anything. The stock went from about $10 about 10 years ago to the $0.29 it's at today.
http://www.beaconpower.com/products/governmen...

Just my opinion, but if the company had real promise they've been around long enough to attract interest from large private utility companys.
bconshareholder

Roslindale, MA

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#3
Nov 23, 2010
 
Wondering wrote:
The company has staying power, thanks to the taxpayers. The top 3 guys at the company paid themselves almost a combined $1 million and the company hasn't done anything. The stock went from about $10 about 10 years ago to the $0.29 it's at today.
http://www.beaconpower.com/products/governmen...
Just my opinion, but if the company had real promise they've been around long enough to attract interest from large private utility companys.
BCON's at .20 now and the co. is almost insolvent.
And there's allegations the DOE is scrutinizing BCON's loan guaqrantee reimbursemtns requests. The Sun should do an invbestigative inquiry into this issue.
bconshareholder

Roslindale, MA

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#4
Nov 23, 2010
 
what's really going on at BCON?

the stock is at .20 now and there's allegations DOE is scrutinizing there loan requests for impropriety. the SUN should investigate this ASAP.

Since: Dec 11

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#5
Dec 22, 2011
 
And now Beacon Power is just about finished. Too bad, a potentially promising technology. Maybe a little too soon for it's time?

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