Welcome to our dedicated page for Beam Global news (Ticker: BEEM), a resource for investors and traders seeking the latest updates and insights on Beam Global stock.
Beam Global (BEEM) is a leader in sustainable infrastructure solutions, specializing in off-grid EV charging systems and renewable energy technologies. This page aggregates official company announcements, providing stakeholders with timely updates on product innovations, strategic partnerships, and operational milestones.
Investors and industry observers will find curated press releases covering EV ARC deployments, Solar Treeline installations, and financial performance updates. Our collection focuses on verified developments in clean transportation infrastructure and energy security solutions without speculative commentary.
Content spans regulatory updates, technology patents, and disaster response initiatives that demonstrate BEEM's unique market position. Bookmark this page for efficient tracking of the company's progress in advancing grid-independent power solutions for commercial and government applications.
Beam Global (Nasdaq: BEEM, BEEMW) announced a significant multi-million dollar battery module order from a leading material handling company, highlighting the increasing demand for their innovative energy storage solutions. The battery modules incorporate Beam’s patented thermal management technology, resulting in enhanced safety and efficiency. CEO Desmond Wheatley emphasized the importance of electrification and robotics in streamlining supply chains and enhancing safety. The use of Beam AllCell energy storage solutions is well-suited for industrial automation trends, addressing the growing need for cleaner and more efficient operations. This development not only aligns with the company's goals but also signifies continued growth prospects within the clean energy sector.
Beam Global (Nasdaq: BEEM, BEEMW) reported record financial results for the year ending December 31, 2022, achieving revenues of $22 million, marking a 144% increase year-over-year. The fourth quarter saw revenues of $7.9 million, a 126% rise from the previous year. Key highlights included record annual orders of $76 million (up 548% year-over-year) and substantial growth in orders from both commercial (up 1190%) and government sectors (up 489%). Additionally, the company secured a $100 million credit facility and acquired All Cell Technologies to enhance battery supply and reduce costs.
FAQ
What is the current stock price of Beam Global (BEEM)?
What is the market cap of Beam Global (BEEM)?
