Beam Global Stock Price, News & Analysis

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.

Beam Global (Nasdaq: BEEM, BEEMW) set a world record for the longest flight in a production electric aircraft, covering 227 nautical miles powered by off-grid solar energy. The flight, piloted by Joseph Oldham of New Vision Aviation, highlighted the capabilities of Beam's EV ARC™ technology to provide rapid airport charging infrastructure. This achievement emphasizes the potential for zero-emission aviation and supports California's goals for clean transportation. Beam aims to install clean charging solutions at the 20,000 public and private airports across the U.S.

Beam Global is set to demonstrate the longest flight of a production electric aircraft powered entirely by off-grid renewable energy, taking place from July 14 to July 17. The event will showcase the aircraft's zero-emission capabilities, with key stops including Fresno, Madera, Merced, Modesto, Lodi, and Sacramento. CEO Desmond Wheatley and pilot Joseph Oldham will conduct media interviews throughout the journey. This record-setting attempt is part of a broader push towards electrified transportation, backed by California's government initiatives to combat climate change.

Beam Global (BEEM) is set to showcase the longest flight ever attempted in a production electric aircraft powered entirely by off-grid renewable energy. Scheduled for July 14-15, the flight will start in Fresno, California and conclude in Sacramento, highlighting the company's commitment to zero-emission aviation. This initiative aligns with California's broader goals for clean transportation and climate change mitigation, supported by Governor Gavin Newsom's proposed budget. Media are invited to follow the flight with various stops along the route for interviews and insights.

Beam Global (Nasdaq: BEEM, BEEMW) has established an independent Equity Oversight Committee (EOC) within its Board of Directors to scrutinize future equity uses. Chaired by Nancy Floyd, the EOC ensures that only well-vetted equity proposals reach the full board for consideration. This governance model aims to optimize shareholder equity and enhance decision-making processes regarding acquisitions and other strategies. Beam Global is dedicated to innovation in clean technology for electric vehicle charging and energy security, with a focus on sustainable solutions.