Posts for Ticker ‘BCON’

Beacon Power Files To Raise Cash (BCON)

Money Stack ImageBeacon Power Corporation (NASDAQ: BCON) has just filed to raise up to $60 million in cash in a mixed securities shelf registration.  The company’s shelf filing will allow it to sell any combination of Common or Preferred stock, Depositary Shares, Warrants, and Units.
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Posted on: September 1, 2009 – 10:47 am in Alternative Energy, Secondary Offering,

Beacon’s $43 Million Loan, Possible Game-Changer (BCON)

Money Stack ImageThis morning we caught an alert for volume and trading activity at VSInvestor.com in Beacon Power Corporation because of a government award of a loan commitment.  This has now been confirmed.  Beacon announced that it has received a conditional commitment from the Department of Energy for a loan guarantee of approximately $43 million.  Keep in mind that this is subject to negotiation and completion of a number of contracts and conditions.
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Posted on: July 2, 2009 – 9:44 am in Alternative Energy, Cult Stock, Green Biz, Utilities,

Many Cult Stock Changes In Russell 3000 Rebalance (CPST, BCON, FNSR, RICK, SIRI, TSCM, URRE, VG)

burning-money-picThe Russell 3000 Index is being rebalanced and many cult stocks with low share prices that have a wide following and high trading volume are getting booted off the index. Beacon Power Corporation (NASDAQ: BCON), Capstone Turbine Corp. (NASDAQ: CPST), Finisar Corp. (NASDAQ: FNSR), Rick’s Cabaret International Inc. (NASDAQ: RICK), SIRIUS XM Radio Inc.(NASDAQ: SIRI), TheStreet.com, Inc. (NASDAQ: TSCM), Uranium Resources, Inc. (NASDAQ: URRE), and Vonage Holdings Corporation (NYSE: VG) are among the former high-flier stocks getting removed from the Russell 3000 that have become cult stocks with a large investor base.  We have given some color on these changes.
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Posted on: June 19, 2009 – 12:01 pm in Cramer, Cult Stock, Index, Trading Alert, , , , , , , ,

Dreaded ‘Going Concern’ Notes Head To Alternative Energy (AVR, BCON, EPG, VRNM)

burning-money-pic22If there is one phrase that a company does not want to see in its annual report, it is “GOING CONCERN.”  This hinges on a company’s ability to operate financially as a viable business.  March is the month where we see many “going concern” notes from auditors, but what makes this interesting is that we are seeing this phrase applied to alternative energy companies.  They are supposed to be the thing of the future.
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Posted on: March 17, 2009 – 8:02 am in Accounting, Alternative Energy, Annual Report, Green Biz, , , ,

Beacon Power Gets a Grid Connection (BCON, AEP, NGG)

In a deal that is more valuable for demonstration purposes than for real income, Beacon Power Corporation (NASDAQ:BCON) will install a 1-megawatt flywheel-based frequency regulation facility at an American Electric Power Corporation, Inc. (NYSE:AEP) site in Ohio. The new facility will provide regulation services directly to regional transmission organization, PJM Interconnection.
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Posted on: February 23, 2009 – 9:56 am in Alternative Energy, Green Biz, Utilities, , ,

Beacon Dims on New Financing (BCON)

Beacon Power Corporation (NASDAQ:BCON) is developing a patented flywheel energy storage product, and the going is getting tough. The company today announced an $18 million investment from a private equity firm and the share price is heading toward a new 52-week low.
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Posted on: February 20, 2009 – 11:03 am in Alternative Energy, Green Biz, Private Equity, Secondary Offering,

Advanced Batteries: The Next Ethanol? (ALTI, ACPW, BCON, XIDE, ENS, CHP, AXPW)

There’s a fair amount of interest from green energy market watchers in the battery market. Many see this as the next big thing for energy investors.  There are allowances for advanced battery technologies in the new stimulus package.  Some of the companies involved in this are established players and some are very speculative.

Some of the companies we have looked at in this sector are Altair Nanotechnologies (NASDAQ:ALTI), privately held A123 Systems Inc., Active Power Inc. (NASDAQ:ACPW), Beacon Power Corporation (NASDAQ:BCON), Exide Technologies (NASDAQ:XIDE), EnerSys (NYSE:ENS), C&D Technologies Inc. (NYSE:CHP), and Axion Power International, Inc. (OTCBB:AXPW).
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Posted on: February 13, 2009 – 12:02 pm in Alternative Energy, Consumer Electronics, Cult Stock, Nanotech, Technology Companies, Utilities, , , , , , , , , , , , , , , , , , , , ,

Beacon Power Secures Additional Financing (BCON)

Beacon_power_logoBeacon Power Corporation (NASDAQ: BCON) has received an investment commitment to fund ongoing operations and for further development.  This will help to assist in the completion of manufacturing of flywheel systems for commercial deployment of 5 Megawatts of frequency regulation service by the end of 2008.

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Posted on: October 10, 2008 – 7:58 am in Alternative Energy, Secondary Offering,