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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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