DALLAS, Aug. 5, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Beacon Power Corp. (Nasdaq:BCON). The report includes financial, comparative and investment analyses and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/BCON
The MACD for BCON currently indicates a strong bullish signal for two reasons. First, the MACD is above the signal line, a 9day moving average. Second, the MACD is above 0 which implies that the underlying moving averages are trending higher.
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.
Message Board Search for BCON: http://www.boardcentral.com/boards/BCON
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.
"BCON is a direct beneficiary of a newly passed law in New York State that specifically exempts flywheel-based energy storage facilities of less than 80 megawatts (MW) from New York Public Service Commission (PSC) jurisdiction. Governor David A. Paterson signed the legislation into law on July 21, 2010."
To read the entire report visit: http://www.microstockprofit.com/lp/BCON
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