Beacon Power Corp. Beacon Power Corp. Latest from The Business Journals Beacon Power flirts with penny stock status againBeacon Power reaches milestone at energy storage plantBeacon Power set to open N.Y. plant next month Follow this company Beacon Power Corp. Latest from The Business Journals Beacon Power flirts with penny stock status againBeacon Power reaches milestone at energy storage plantBeacon Power set to open N.Y. plant next month Follow this company Beacon Power Corp. Latest from The Business Journals Beacon Power flirts with penny stock status againBeacon Power reaches milestone at energy storage plantBeacon Power set to open N.Y. plant next month Follow this company (Nasdaq: BCON) said Tuesday that its second-quarter revenue tripled from the same period a year earlier, to $525,000, as its first commercial energy storage project reached full capacity. The Tyngsborough, Mass.-based company, a maker of “flywheel” energy storage technology, said its plant in Stephentown, N.Y., brought all 20 megawatts of capacity online on June 21. Beacon said revenue grew from $166,000 in the same period a year earlier. Still, the company’s loss widened to $6.2 million for the second quarter, compared to $5.5 million a year earlier. Shares in the company have fallen below $1, less than six months after it executed a 1-for-10 reverse split designed meet listing requirements for the Nasdaq Stock Market. Shares closed at 93 cents on Monday, down from the Feb. 25 reverse split price of $2.65, which took the company out of penny stock territory.
The Tyngsborough, Mass.-based company, a maker of “flywheel” energy storage technology, said its plant in Stephentown, N.Y., brought all 20 megawatts of capacity online on June 21.
Beacon said revenue grew from $166,000 in the same period a year earlier. Still, the company’s loss widened to $6.2 million for the second quarter, compared to $5.5 million a year earlier.
Shares in the company have fallen below $1, less than six months after it executed a 1-for-10 reverse split designed meet listing requirements for the Nasdaq Stock Market. Shares closed at 93 cents on Monday, down from the Feb. 25 reverse split price of $2.65, which took the company out of penny stock territory.
The Tyngsborough, Mass.-based company, a maker of “flywheel” energy storage technology, said its plant in Stephentown, N.Y., brought all 20 megawatts of capacity online on June 21.
Beacon said revenue grew from $166,000 in the same period a year earlier. Still, the company’s loss widened to $6.2 million for the second quarter, compared to $5.5 million a year earlier.
Shares in the company have fallen below $1, less than six months after it executed a 1-for-10 reverse split designed meet listing requirements for the Nasdaq Stock Market. Shares closed at 93 cents on Monday, down from the Feb. 25 reverse split price of $2.65, which took the company out of penny stock territory.
该新闻已收录在《储能产业趋势》2011年8月刊。