Quercus continues selloff of Beacon Power shares

By Lisa Kerner

Charlotte, N.C., Aug. 26 - The Quercus Trust sold 987,033 shares of Beacon Power Corp. between Aug. 6 and Aug. 20, reducing its ownership of the company to 14.4% from 15.49%.

The shares were priced from $1.24 to $1.34, according to a schedule 13D/A filing with the Securities and Exchange Commission.

Quercus owns 12,751,658 shares of the Wilmington, Mass.-based company's common stock.

The investor sold approximately 4.19 million shares between June 12 and July 31, a prior SEC filing stated.

Beacon develops products and services to support electricity grid operation.

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