Beam Global Stock Price, News & Analysis

Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, will have CEO Desmond Wheatley present at the Aegis Capital Corp. Virtual Conference on February 23, 2022. The presentation will run from 1-1:25 PM EST and be available from February 23-25, 2022. Beam's EV ARC™ solar-powered charging systems offer significant advantages by generating their own clean electricity, eliminating the need for utility grid connections, and providing rapid deployment and relocation options. For details about the event and products, visit BeamForAll.com.

Beam Global (Nasdaq: BEEM, BEEMW) showcased its EV ARC™ sustainable EV charging systems during a recent event hosted by the City of Los Angeles. The demonstration, attended by Mayor Garcetti and other officials, highlighted how the EV ARC™ systems powered new hybrid street sweepers without relying on grid connections. These systems align with LA's Green New Deal to achieve 100% net zero emissions by 2050. The EV ARC™ systems offer emergency power capabilities during outages, enhancing the city’s energy resilience.

Beam Global (Nasdaq: BEEM, BEEMW) announced the demonstration of its EV ARC™ sustainable EV charging systems in Los Angeles on February 15, 2022. The event marked the inauguration of the City’s Center for Green Innovation and showcased the systems' capability to power plug-in hybrid street sweepers without relying on the grid. The EV ARC™ system aligns with LA’s Green New Deal to achieve 100% net zero emissions by 2050. The deployment will incur no electrical upgrade or construction costs, enhancing energy resiliency during emergencies.

Beam Global (Nasdaq: BEEM, BEEMW) announced the deployment of two solar-powered EV ARC™ charging systems in Lompoc, California. These systems, funded in part by the Santa Barbara County Air Pollution Control District, enable public access for up to four EVs without grid connection, ensuring rapid deployment and cost savings. The deployment aligns with California's $10 billion zero-emission vehicle initiative, promoting renewable energy and reduced reliance on fossil fuels. Beam Global emphasizes its leadership in sustainable EV charging solutions.

Beam Global announces its participation in Project Vesta, an innovative initiative aimed at enhancing wildfire control through advanced technologies. The project will leverage Beam's EV ARC™ off-grid solar-powered system, enabling autonomous vehicles to combat wildfires effectively. Scheduled for February 14-18, 2022, at Camp Roberts, CA, the initiative promotes collaboration between public and private sectors to enhance fire surveillance and response. As wildfires escalate in severity, Beam's technology promises a sustainable approach to energy provision for firefighting efforts, aiming to safeguard communities and natural resources.

Beam Global (BEEM, BEEMW) reported a significant 62% increase in EV ARC™ system shipments for 2021, setting a record with strong demand from government and corporate sectors. The company enters 2022 with a robust backlog, anticipating further growth driven by $7.5B federal and $6B California EV-related funding. Beam achieved unprecedented quarterly growth, with a 123% increase in Q3 deliveries. Major contracts include a 52-unit order from California and a 21-unit sale to the U.S. Marine Corps. The company aims for accelerated EV charging infrastructure deployment amidst rising consumer demand.

Beam Global reported a record 317% growth in sales of its EV ARC™ charging systems through California's DGS in 2021. This surge is attributed to increased investments in EV infrastructure at state and federal levels, alongside significant California commitments, including a budget proposal allocating $6.1 billion for electric vehicle initiatives. The company expects continued growth in 2022, driven by rising demand for EV charging solutions as California aims to ban gas-powered vehicle sales by 2035. Beam provides scalable infrastructure solutions for all major EV charger brands.

Beam Global (Nasdaq: BEEM, BEEMW) announced an order from a major national passenger railway for its EV ARC™ solar-powered charging system. This system, designed to charge fleet electric vehicles without needing a utility connection, fits in a standard parking spot and generates its own clean electricity. CEO Desmond Wheatley emphasized the potential for EV ARC systems at transportation hubs, addressing the growing need for EV charging solutions. The technology offers long-term savings by eliminating construction costs and grid dependencies, while supporting sustainability goals in the transport sector.

Beam Global (Nasdaq: BEEM, BEEMW) announced the deployment of its EV ARC™ solar-powered EV charging system by the County of San Luis Obispo, California, to charge its fleet of electric vehicles. This system is designed to generate and store clean electricity without needing a utility connection, providing substantial savings and energy resiliency. The installation aligns with California's goal of 1.2 million public EV chargers by 2030, supported by a recent $4 billion funding initiative. Beam Global’s innovative products aim to enhance EV charging infrastructure while maintaining environmental sustainability.