Quercus sells nearly 4.2 million shares of Beacon Power

By Lisa Kerner

Charlotte, N.C., Aug. 8 - The Quercus Trust sold 4,191,834 shares of Beacon Power Corp. between June 12 and July 31, reducing its ownership of the company to 15.49% from its stake on June 12 of 19.0%.

The shares were priced from $1.29 to $1.80, according to a schedule 13D filing with the Securities and Exchange Commission.

Quercus owns 13,738,691 shares of the Wilmington, Mass.-based company's common stock.

The investor sold 930,574 shares between May 6 and June 11, a prior SEC filing stated.

Beacon develops products and services to support electricity grid operation.

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