Beacon Power (BCON) Shares Surge as 20MW Flywheel Plant Approved in New York

October 16, 2009 10:00 AM EDT

Shares of Beacon Power (Nasdaq: BCON) are moving more than 15% higher today following news this morning that the New York State Public Service Commission has granted the Company a Certificate of Public Convenience and Necessity for its proposed 20 MW flywheel frequency regulation plant in Stephentown, New York, and approved the project's overall financing.

The stock most recently traded at $0.775.


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