Beam Global Deploys Six More EV ARC™ Systems for the City of Long Beach
Rhea-AI Summary
Beam Global (Nasdaq: BEEM) announced deployment of six additional EV ARC™ solar-powered EV charging systems for the City of Long Beach, California. Four units support city EV fleet operations and two are installed at Long Beach Airport, providing off-grid, rapidly deployable charging.
The systems generate and store electricity on-site, helping Long Beach expand EV fleet charging, avoid conventional construction and grid upgrades, reduce costs and emissions, and add capacity without increasing demand on existing electrical infrastructure.
Positive
- Six additional EV ARC systems deployed for City of Long Beach
- Four systems support Long Beach municipal EV fleet operations
- Two systems installed at Long Beach Airport for fleet charging
- Off-grid charging avoids new demand on existing electrical infrastructure
- Deployment expands Beam Global’s presence in municipal fleet operations
Negative
- None.
News Market Reaction – BEEM
In the Jun 2 session, BEEM declined 1.32%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| May 15 | Q1 2026 earnings | Negative | -17.3% | Reported sharply lower revenue, negative margins and continued net losses. |
| May 14 | Earnings call notice | Neutral | -6.5% | Scheduled release and call for Q1 2026 operating results. |
| May 07 | International showcase | Positive | +0.5% | Presented off-grid energy and charging solutions at MIITE 2026 in Abu Dhabi. |
| Apr 30 | Patent granted | Positive | -1.0% | Granted U.S. patent for integrated wind and solar power generation system. |
| Apr 21 | County deployment | Positive | -1.3% | Deployed ten EV ARC™ systems to support Stanislaus County fleet electrification. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent news, including deployments and a patent grant, has often been met with flat-to-negative price reactions, while weak earnings saw a sharper selloff.
Over the last few months, Beam Global has reported weak Q1 2026 results with a -17.34% next-day move, announced its earnings call with a further -6.49% reaction, and highlighted international exposure at Make it in the Emirates with a modest 0.53% gain. A U.S. patent for an integrated wind–solar system and a ten-unit EV ARC™ deployment to Stanislaus County drew small negative moves. Today’s Long Beach deployment continues the theme of municipal fleet electrification wins following earlier county-level orders.
Key Terms
off-grid technical
fleet electrification technical
smart city infrastructure technical
AI-generated analysis. How Rhea-AI works. Not financial advice.
SAN DIEGO, June 02, 2026 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for transportation, energy security and smart city infrastructure, today announced the deployment of six additional EV ARC™ solar-powered electric vehicle charging systems for the City of Long Beach, California. The deployment consists of four EV ARC™ systems supporting the City of Long Beach’s electric vehicle (EV) fleet operations and two additional EV ARC™ systems installed at Long Beach Airport for fleet charging.
The EV ARC™ systems generate and store electrical energy on-site, enabling autonomous EV charging that can be rapidly deployed and relocated as operational requirements evolve. The deployment supports the City’s transition to electric fleet vehicles while avoiding the cost and disruption associated with conventional charging infrastructure installation and operation. The City of Long Beach is expanding its EV charging infrastructure to reduce costs, support fleet electrification and reduce vehicle emissions. By utilizing off-grid EV charging systems, the City can add charging capacity where it is needed without increasing demand on existing electrical infrastructure.
“Study after study shows that fleet operators who electrify their fleets save money, reduce downtime and maintenance, reduce emissions, and improve working conditions for their employees,” said Desmond Wheatley, CEO of Beam Global. “Beam Global's EV charging infrastructure products enable fleet operators to scale up charging infrastructure with the lowest total cost of ownership and with the least disruption. They get to deploy EV charging where they need it without going through lengthy design, engineering, construction, and electrical projects, and they get to operate with zero-unit cost for the electricity that they use to fuel their vehicles. We are delighted to continue to assist the City of Long Beach as they execute on their mission to electrify their fleet.”
The deployment further expands Beam Global’s presence in municipal fleet operations and demonstrates continued demand for rapidly deployable EV charging infrastructure across California.
For more information about Beam Global’s sustainable EV charging solutions, visit www.BeamForAll.com or contact BeamTeam@BeamForAll.com.
About Beam Global
Beam Global is a sustainable technology innovator which develops and manufactures infrastructure products and technologies. We operate at the nexus of innovative and reliable energy, transportation and smart cities solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced innovative technology solutions that power transportation, provide secure sources of electricity, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.
Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.
Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com
Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/867272b2-32e3-4f04-9e71-dad35b2dfa32
