Beam Global Stock Price, News & Analysis

Beam Global has announced the purchase of fifteen EV ARC™ solar-powered EV charging systems by the California DMV for public use. This purchase, made through the California DGS Contract, aims to enhance accessibility for EV owners while conducting DMV business. Each system generates clean electricity to power two Enel X JuiceBox® Pro stations and includes a panel for emergency use during blackouts. The initiative aligns with California's goal to deploy 1.2 million EV chargers by 2030.

Governor Gavin Newsom's recent climate bill allocates $4 billion for EV infrastructure, further supporting Beam Global's sustainable technologies.

Beam Global (Nasdaq: BEEM, BEEMW) reports a record backlog of over $7M in purchase orders for its EV ARC™ and other products. This backlog indicates unprecedented near-term revenue potential, surpassing any prior full year. The company’s sales pipeline grew from $50M to over $75M in Q3, reflecting increased government and corporate demand for EV infrastructure. CEO Desmond Wheatley highlights the company's zero debt and strong cash position, further enhancing growth prospects amid rising EV adoption and government initiatives aimed at boosting electric vehicle fleets.

Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, will present at the 14th annual LD Micro Main Event on October 12, 2021, at 3:00 PM ET in Los Angeles. CEO Desmond Wheatley will lead the presentation, celebrating a return to in-person events after nearly two years. The event features around 150 companies over three days, showcasing innovative technology and investment opportunities. Beam Global is listed on Nasdaq under BEEM and BEEMW and specializes in off-grid solutions for EV charging.

Beam Global (Nasdaq: BEEM, BEEMW) announced a significant order from the U.S. Marine Corps for 21 solar-powered EV ARC™ charging systems. These units will be deployed across 14 bases in the continental U.S. and Hawaii, enhancing the Marine Corps' electric vehicle charging capabilities in alignment with Executive Order 14008 aimed at addressing the climate crisis. The EV ARC systems are off-grid, renewable energy sources that can operate during emergencies, ensuring energy resiliency. This contract further solidifies Beam’s position in the sustainable technology market.

Beam Global (Nasdaq: BEEM, BEEMW) announces the deployment of its solar-powered EV ARC™ system in Torrance, California, to charge the City’s transit fleet EVs. The system operates independently of the utility grid, facilitating significant long-term cost savings and eliminating the need for construction projects. Beam’s CEO noted a rise in orders from U.S. cities adapting to electric vehicles. Additionally, California plans to install 1.2 million public EV chargers by 2030, supported by $4 billion funding for charging infrastructure.

Beam Global will showcase its EV ARC™ sustainable EV charging system at The Utility Expo in Louisville, Kentucky from September 28-30, 2021. This solar-powered system generates clean electricity for charging compact electric machines without the need for utility connections. The demonstration aims to attract contractors and utility professionals addressing noise and emissions concerns on job sites. With a backdrop of a $1 trillion infrastructure package, including $7.5 billion dedicated to EV charging, Beam's innovations position it favorably in the growing market for sustainable energy solutions.

Beam Global (Nasdaq: BEEM, BEEMW) announced an order from the City of Goleta, California, for an EV ARC™ solar-powered EV charging system to be installed at City Hall. Funded partly by grants, this unit can provide up to 265 e-miles daily and operates independently of the utility grid. This move aligns with Goleta's goal of achieving 100% renewable energy for municipal facilities by 2025. Beam's products are positioned to benefit from increased demand for off-grid EV charging solutions amidst significant funding opportunities in infrastructure and energy security.

Beam Global (Nasdaq: BEEM, BEEMW) will showcase its EV ARC™ solar-powered EV charging system at the Advanced Clean Transportation (ACT) Expo 2021 from August 30 to September 1, 2021, in Long Beach, California. The EV ARC™ generates and stores clean energy, providing sustainable charging solutions without grid connections. CEO Desmond Wheatley emphasized the system's rapid deployability and reliability for fleet operators amidst grid failures. The ACT Expo is a key event for Beam, contributing significantly to sales and leads from fleet operators interested in electrifying their fleets.

Beam Global, a leader in sustainable technology for EV charging, announced the issuance of a new patent from the Chinese Patent Office for its EV ARC™ products. This patent allows for compact shipping of the products, facilitating easier global distribution.

Beam CEO Desmond Wheatley emphasized that the compact form-factor offers a significant competitive advantage. With a robust patent portfolio across multiple regions, the company positions itself for potential international expansion amidst China's growing EV market, which saw sales of 1.3 million units in 2020, making it a key player in the global EV landscape.