Beam Global Stock Price, News & Analysis

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.

Beam Global has announced its participation in the 2021 Electric Mobility Symposium at Marine Corps Air Station Miramar on June 24, showcasing solutions for energy resiliency and EV charging for military and civilian use. Their products, including the EV ARC systems, enable quick deployment without relying on traditional power sources. CEO Desmond Wheatley emphasized the importance of energy efficiency for military operations. This event will feature discussions on electric mobility policies. Beam Global's products are listed under the GSA Multiple Award Schedule.

Beam Global has been added to the FTSE Russell Microcap Index, marking a significant milestone since its Nasdaq listing over two years ago. CEO Desmond Wheatley highlighted this inclusion as a validation of the company's work, emphasizing its strong product offerings and successful sales strategy. The Russell Microcap Index serves as a comprehensive barometer for microcap companies trading on national exchanges, ensuring that only those meeting quality capitalization criteria are included. Beam Global specializes in sustainable technology for electric vehicle charging, outdoor media, and energy security.

Beam Global (Nasdaq: BEEM, BEEMW) has deployed two EV ARC™ solar-powered charging systems in Hawaii, aimed at charging utility fleet electric vehicles. These units are designed to function during emergencies and can generate and store electricity, ensuring charging even in inclement weather. The systems are wind-rated for 120 mph and flood-proof to 9.5 feet. CEO Desmond Wheatley highlighted the significance of reducing reliance on imported fuels and enhancing energy resilience in island environments. Additionally, Hawaii's sustainability plans align with Beam's innovative solutions for renewable energy.

Beam Global, a leader in sustainable technology for EV charging, announced the deployment of its EV ARC™ solar-powered charging systems by Construction Art in South Carolina. These systems, designed for Eco Tourism Destinations, generate their own electricity and are resistance-rated for severe weather. Each unit features multiple charging capabilities for different types of EVs. Beam's offerings support zero-emission transportation while minimizing environmental impact. The CEO emphasized the growing demand for renewable energy solutions in commercial properties, enhancing their appeal in a competitive market.

Beam Global will present at the LD Micro Invitational XI on June 8, 2021, at 2:30 PM ET. Recognized as a Top 50 Hall of Fame company, Beam has been selected from over 2000 firms attending the event. CEO Desmond Wheatley will showcase the company's sustainable technology for electric vehicle (EV) charging and energy security. The conference runs from June 8-10, 2021, featuring around 180 companies and keynotes.

Beam's unique solutions are positioned to meet the growing demand in the EV industry, notably with the launch of vehicles like the electric Ford F150 Lightning.

Beam Global (Nasdaq: BEEM, BEEMW) reported a 4% increase in Q1 2021 revenues to $1.37 million, up from $1.32 million year-over-year. The company achieved a record backlog exceeding $5 million and operating capital of $30 million, with no debt.

Significant orders include the California DGS's purchase of 52 EV ARC™ systems and collaborations with Federal agencies. Despite a net loss of $1.25 million, Beam anticipates growing demand for EV charging infrastructure, bolstered by a strong pipeline and expected increases in government spending.