Beam Global Stock Price, News & Analysis

Beam Global (Nasdaq: BEEM) reported significant growth in its energy storage solutions (ESS) business, with a 21% revenue increase in H1 2025 compared to 2024. The company secured a $2 million purchase order from a major ESS customer, expected to be recognized as revenue by end of 2025.

The company's ESS division growth is driven by repeat orders and the addition of three major new clients, including a Fortune 500 automotive company. Beam's AllCell™ solutions, featuring patented PCC™ technology, offer superior thermal management and safety features. The company is expanding globally into Europe and the Middle East, while diversifying its portfolio across transportation electrification, energy security, and smart cities infrastructure.

Beam Global (Nasdaq: BEEM) has officially established Beam Middle East LLC through a joint venture with Platinum Group LLC in Abu Dhabi, UAE. The new entity will manufacture and sell Beam Global's patented sustainable infrastructure solutions across the Middle East and African regions.

Beam Middle East will be headquartered in Omniah Tower in Masdar City, a sustainable urban community and technology hub. The signing ceremony was attended by key executives including Desmond Wheatley, CEO of Beam Global, and Dr. Ali Nasser Sultan Al Yahbouni Al Daheri, CEO of Platinum Group.

The joint venture aims to provide solutions for transportation electrification, energy storage, energy security, and smart city development, aligning with UAE's goal of achieving net-zero emissions by 2050.

Beam Global (Nasdaq: BEEM) has announced a strategic 50/50 joint venture with Platinum Group UAE to form Beam Middle East LLC. The new entity will manufacture and sell Beam's sustainable infrastructure solutions for transportation electrification across the Middle East and African regions.

The joint venture leverages Platinum Group's high-level government relationships and Beam's clean technology solutions. The partnership targets a regional market where EV growth is projected to reach 1.5 million vehicles by 2030, representing a 66.6% CAGR. The venture includes potential revenue opportunities across multiple product lines, including $516.5 million for EV ARC units and $245.0 million for BeamBike units by 2030.

Beam Middle East will be headquartered in Masdar City, Abu Dhabi, supporting UAE's net-zero goals by 2050.

Beam Global (NASDAQ: BEEM) reported Q1 2025 results with revenues of $6.3 million and a 60% revenue CAGR over trailing 60 months. Commercial revenues increased 41% YoY, with commercial customers now representing 53% of revenue vs 16% in Q1 2024. International sales grew to 25% of revenue compared to 11% last year. The company maintained a positive GAAP gross margin of 8% and adjusted non-GAAP gross margin of 21%. However, BEEM recorded a net loss of $15.5 million, including $12.5 million in non-cash expenses, primarily due to a $10.8 million goodwill impairment. The company remains debt-free with $2.5 million cash on hand and an unused $100 million credit line. Notable achievements include expanded European distribution partnerships, Middle East market entry, and new patent grants for battery technology.

Beam Global (NASDAQ: BEEM), a provider of sustainable infrastructure solutions for transportation electrification and energy security, has scheduled its Q1 2025 earnings release and conference call for May 15, 2025. The financial results will be released after market close, followed by a conference call at 4:30 p.m. ET. Management will present the results and corporate developments, with a Q&A session afterward. Participants can join via toll-free number (1-844-739-3880) or international dial-in (1-412-317-5716), and are encouraged to pre-register through the provided link. A webcast archive will be available on the company's website.

Beam Global (NASDAQ: BEEM) reported a 23% quarter-over-quarter increase in orders for its EV ARC™ off-grid solar-powered charging units in Q1 2025. The growth matches the rate of U.S. electric vehicle sales, despite reduced federal demand. Orders came from diverse sectors including municipal and county governments, state agencies, environmental organizations, and private companies across multiple states such as California, Arizona, Colorado, Florida, Michigan, and Washington.

The company's strategic shift toward commercial customers has proven successful, while maintaining some federal business. This growth comes amid strong global EV sales, which increased 29% globally and 16% in North America in 2025. Beam Global continues to expand internationally, particularly in Europe, the Middle East, and Africa, while maintaining strong U.S. performance.

Beam Global (BEEM) has announced its first EV ARC™ system sales in Romania, marking a strategic expansion into the European market. The company's off-grid, solar-powered EV charging systems align with Romania's renewable energy goals of reaching 34% production by 2030 under EU directives.

The sales were executed through Romanian reseller Seltis Glass Design SRL, leveraging an existing relationship through Beam's European subsidiary for street lighting solutions. This partnership demonstrates Beam's strategy of utilizing local sales partners with established infrastructure product experience.

Additionally, Beam Global received the Award for Innovation in Sustainable Infrastructure at the 2025 Congress of Mayors and Local Administration of Romania, recognizing their contribution to clean mobility and energy efficiency solutions.

Beam Global (NASDAQ: BEEM) reported its full year 2024 operating results, achieving revenues of $49.3 million, marking a 124% increase over 2022 but a decrease from $67.4 million in 2023. The company demonstrated significant financial improvements with positive gross margins of 15%, up 13 percentage points from 2023, and reduced net cash used in operations to $2.2 million from $13.3 million in 2023.

Notable achievements include a 229% increase in non-government commercial revenues, representing 38% of total revenues. The company maintains a debt-free status with an unused $100 million credit line and $4.6 million cash on hand. Operational highlights include major orders from the U.S. Army ($7.4M) and Department of Homeland Security ($4.8M), the acquisition of Serbia-based Telcom, and the launch of four new products: BeamSpot™, BeamBike™, BeamPatrol™, and BeamWell™.

Beam Global (Nasdaq: BEEM), a provider of sustainable infrastructure solutions for transportation electrification and energy security, has scheduled its 2024 operating results release for April 11, 2025, after market close.

The company will host a conference call at 4:30 p.m. ET/1:30 p.m. PT on the same day, featuring management's formal remarks followed by a Q&A session. Participants can join via toll-free (1-844-739-3880) or international (1-412-317-5716) dial-in numbers, with pre-registration available through a provided link. A webcast archive will be accessible on BeamForAll.com after the call.