Beacon Power Corp. (BCON 0.33, +0.02, +7.87%). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.The full report is available at: www.microstockprofit.com/lp/BCON
Beacon Power Corp. (BCON) is a development stage company. The Company along with its subsidiaries, designs, manufactures and operates flywheel-based energy storage systems. The focus of its research and development has been to establish flywheel-based energy storage technologies that can provide energy solutions for the worldwide electricity grid.
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In the report, the analyst notes:
"For the first quarter of 2010, BCON reported revenue of $235,000 and a net loss of $5.5 million, or ($0.03) per share, compared to revenue of $111,000 and a net loss of $5.5 million, or ($0.05) per share, in the first quarter of 2009. Gross profit for the first quarter of 2010 was $52,000, as compared to a gross loss of $61,000 during the first quarter of 2009.
"As previously disclosed in a Form 8-K filed on June 11, 2009, BCON was selected by the New York State Energy Research and Development Authority (NYSERDA) for a project award valued at $2 million, subject to negotiations. On May 24, 2010, the Company announced that it has entered into an agreement with NYSERDA, pursuant to which NYSERDA has agreed to provide partial funding for critical grid infrastructure elements at the Company's 20 MW frequency regulation plant in Stephentown, New York, including interconnection components to allow the plant to interface with the New York power grid. NYSERDA will also fund certain other project aspects, including a visitor information center to be built at the Stephentown site."
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