Beam Global Stock Price, News & Analysis

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.

Beam Global (Nasdaq: BEEM, BEEMW) announced that the City of Racine, Wisconsin, has deployed an EV ARC™ solar-powered EV charging system for its fleet. Purchased through the GSA Multiple Award Schedule Contract, the unit features a ChargePoint™ Dual Port charger, generating clean electricity and operating independently of the grid. This initiative aligns with Racine's sustainability goals, offering zero-emissions charging and potential long-term cost savings. Beam's products are designated as Disaster Purchasing items, streamlining procurement for local governments across all states.

Beam Global (BEEM, BEEMW) reported record revenues of $2.12 million for Q2 2021, a 46% increase year-over-year, driven by strong demand for EV charging solutions. The company secured its largest order from California's Department of General Services, totaling 52 systems, and increased its sales pipeline to $75 million. However, Beam reported a gross loss of $273,877 and a net loss of $1.64 million for Q2, primarily due to rising costs and increased operating expenses. The company emphasized plans to enhance production efficiency and reduce costs.

Beam Global (Nasdaq: BEEM, BEEMW) has announced that the City of Lancaster, California, has ordered an EV ARC™ solar-powered EV charging system for public use. This installation is partially funded by grants from the Antelope Valley Air Quality Management District and the California Governor’s Office of Emergency Services. The system includes a ChargePoint™ Dual Port charger and can generate and store clean electricity for EVs, offering substantial long-term savings by eliminating grid connections. Beam's CEO noted a rise in orders for their systems as municipalities enhance EV infrastructure.

Beam Global, a leader in sustainable technology for electric vehicle (EV) charging, announced it will release its Fiscal Q2 2021 financial results on August 12, 2021, after market close. The company will host a conference call at 4:30 p.m. ET to discuss these results and provide updates on corporate developments. Interested participants should pre-register for the call to gain insights into Beam's performance and future strategies. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW.

Beam Global (Nasdaq: BEEM, BEEMW) announced the County of Ventura, California, has ordered ten EV ARC™ solar-powered EV charging systems. These units will support fleet and public use, generating and storing clean electricity independently of the utility grid. Funded partly by the California Energy Commission, the initiative aligns with Ventura's Climate Action Plan aiming for a 41% reduction in greenhouse gas emissions from 2015 levels. Beam's products promise lower costs and increased reliability in EV charging infrastructure, reflecting a broader shift towards sustainable energy solutions.

Beam Global has received an order from the City of Walla Walla, Washington, for its first EV ARC™ solar-powered EV charging system. This system will power two fully electric city fleet vehicles as part of Walla Walla's Fleet Electrification and Emergency Preparedness programs. The EV ARC™ is designed to generate and store its own electricity, providing off-grid energy even during power outages. Beam Global's technology is rapidly deployed without needing utility connections, leading to long-term savings for municipalities.