Beam Global Stock Price, News & Analysis

Beam Global (Nasdaq: BEEM, BEEMW) has launched the first EV ARC™ solar-powered EV charging system at Eastern West Virginia Regional Airport. This installation, funded by the U.S. Department of Energy, facilitates off-grid EV charging for employees, staff, and visitors. The system generates and stores renewable energy and integrates two Enel X JuiceBox® Pro EV chargers, allowing for rapid deployment without construction or utility costs. A ribbon-cutting ceremony was held on December 14, 2021, showcasing Beam’s commitment to expanding EV charging infrastructure across U.S. airports.

Beam Global (Nasdaq: BEEM, BEEMW) has launched its first solar-powered EV ARC™ charging system at James Madison University, funded by the U.S. Department of Energy. This off-grid system supports EV charging for various users, including students and faculty, without incurring utility costs or requiring construction. The project emphasizes sustainability and serves as a research tool for education. The official ribbon-cutting ceremony occurred on December 14, 2021. Beam Global aims to expand its footprint in the EV charging infrastructure market, leveraging government support to drive future orders.

Beam Global has received a third repeat order from a Federally Funded Research and Development Center to expand its fleet of EV ARC™ solar-powered electric vehicle charging systems. This order utilizes the GSA Multiple Award Schedule, streamlining federal procurement and ensuring competitive pricing. The EV ARC™ systems generate clean electricity, are flood-proof and wind-rated, enhancing energy resiliency. With the U.S. federal government poised to electrify its fleet, Beam Global positions itself as a key player in this transition, offering a rapid deployment solution that avoids utility connections.

Beam Global (Nasdaq: BEEM, BEEMW) reports the deployment of additional EV ARC™ solar-powered EV charging systems in New York City, increasing their total to 89 units. These flood-proof and wind-rated units provide resilient charging during extreme weather and grid failures, addressing growing concerns over climate impacts. The deployment aligns with NYC's sustainability goals, including a commitment to 100% electric school buses by 2035. Beam's innovative technology distinguishes it from traditional grid-tied systems, reinforcing its competitive edge in the EV charging market.

Beam Global announced the deployment of its EV ARC™ solar-powered EV charging system at the Occoquan Bay National Wildlife Refuge to power Volvo's electric compact construction machines. This showcase highlighted the capability of zero-emissions equipment in sustainable trail building. The electric excavator and wheel loader, charged by Beam’s systems, represent the first electric heavy equipment available in the U.S. The collaboration demonstrates a commitment to sustainability in public access improvements, aligning technology with environmental goals.

Beam Global (Nasdaq: BEEM, BEEMW) reported a record third quarter revenue of $2,020,612, a 63% increase from the previous year. The company also achieved the highest backlog of $7.1 million in its history and expanded its sales pipeline by 50% to $75 million. Despite these gains, Beam recorded a gross loss of $208,023 and a net loss of $1,688,631, attributed to rising costs and increased operating expenses, which totaled $1,481,306 for the quarter. The company ended September 2021 with $23.1 million in cash, down from $26.7 million at year-end 2020.

Beam Global announced the deployment of four EV ARC™ solar-powered EV charging systems by the City of San José, California, aimed at enhancing the city's fleet of electric vehicles. The systems, procured via the California Department of General Services, generate and store clean electricity, ensuring power availability during adverse conditions. One system will be showcased at the Fleet Forward Conference from November 10-12. Beam Global emphasizes the cost-effectiveness and sustainability of its solutions while aligning with California’s environmental goals.

Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, will release its Fiscal Q3 2021 financial results on November 11, 2021, after market close. A conference call is scheduled for 4:30 p.m. ET to discuss these results and corporate developments, followed by a Q&A session. Investors can pre-register for the call via the provided link. Beam Global specializes in patented EV charging solutions and energy security technology, emphasizing its commitment to innovation and sustainability in the EV sector. The company is listed on Nasdaq under symbols BEEM and BEEMW.

Beam Global (Nasdaq: BEEM, BEEMW) announced the deployment of its EV ARC™ solar-powered EV charging system by the Leon County Sheriff’s Office in Florida. This installation, part of a statewide contract with the Florida Sheriff's Association, allows EV charging without utility connections, promoting energy resilience. The system can be easily deployed and moved, providing long-term savings and supporting sustainability initiatives. The contract extends through September 30, 2023, highlighting Beam’s leadership in sustainable EV infrastructure.