STOCK TITAN

Beam Global - BEEMW STOCK NEWS

Welcome to our dedicated news page for Beam Global (Ticker: BEEMW), a resource for investors and traders seeking the latest updates and insights on Beam Global.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Beam Global's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Beam Global's position in the market.

Rhea-AI Summary
Beam Global acquires Amiga to enter European market and expand resources
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.27%
Tags
acquisition
-
Rhea-AI Summary
Beam Global announces upgraded third generation EV ARC™ product line of solar-powered EV charging systems with a wind rating of 160 mph. The systems can withstand flooding up to 9.5 feet and continue to operate during grid outages. Available for purchase by local, state, and federal agencies through GSA Multiple Award Schedule Contract.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.47%
Tags
none
-
Rhea-AI Summary
Beam Global has successfully completed an initial deployment for a well-known global automotive company of their first order of EV ARC™ solar-powered off-grid EV charging systems.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.04%
Tags
none
Rhea-AI Summary
Beam Global's EV ARC™ systems in Florida, Georgia, and the Carolinas were unaffected by Hurricane Idalia, providing vital EV charging and emergency power during the storm. The company's customers, including the U.S. Army and Department of Homeland Security, were able to continue charging their EVs and accessing emergency power panels integrated into the EV ARC™ product. The storm caused prolonged grid outages, but Beam Global's off-grid EV charging infrastructure products proved resilient. Large, sustained grid outages in the U.S. have been increasing, with over 180 major disruptions in 2020 compared to fewer than two dozen in 2000. Beam Global's products offer a sustainable and scalable solution for EV charging during extreme weather events.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.59%
Tags
none
-
Rhea-AI Summary
Beam Global (BEEM, BEEMW) reported a 379% year-over-year revenue growth in Q2 2023 and a 312% increase in the first half of 2023. The company also announced a 589% growth in EV ARC™ deployments and a letter of intent to enter the European market through the acquisition of Amiga DOO. With $23.7 million in cash, $37.1 million in working capital, and no debt, Beam Global is poised for expansion. However, the net loss was $3.5 million in Q2 2023, and $7.4 million for the first half of 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.83%
Tags
earnings
-
Rhea-AI Summary
Beam Global, the leading provider of sustainable products for EV charging, will report Q2 2023 results on August 14. Conference call details provided.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
Rhea-AI Summary
Beam Global (BEEM, BEEMW) announced that the City of Los Angeles Department of Recreation and Parks placed a third order for solar-powered EV ARC™ charging systems, their largest order thus far. The off-grid systems will be used to fuel the City’s growing fleet of electric vehicles. The systems were purchased through the California Department of General Services (DGS) Contract #1-22-61-16, which serves to simplify the government procurement process and make select solutions available statewide at the best negotiated pricing. The City of LA’s EV ARC™ charging systems each fit in a standard parking space and are equipped with two Enel X Way JuiceBox® Pro EV charging stations. Each EV ARC™ system generates and stores its own clean electricity and delivers that electricity to power the City’s EVs day or night, and during inclement weather and power outages. Flood proof to 9.5 feet and wind-rated to 160 mph, the product improves the City’s energy resiliency and disaster preparedness. The charging systems are transportable and can be relocated as charging patterns emerge and change.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.49%
Tags
none
-
-
Rhea-AI Summary
Beam Global plans to acquire Amiga DOO Kraljevo to expand into the European market and increase production. The acquisition is expected to diversify revenues and enhance manufacturing capabilities. Beam Global also announces a public offering of shares. Q2 revenue is projected to be the highest in the company's history.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
offering acquisition
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.02%
Tags
conferences
Beam Global

Nasdaq:BEEMW

BEEMW Rankings

BEEMW Stock Data

12.15M
Semiconductor and Related Device Manufacturing
Manufacturing
Link
United States
San Diego

About BEEMW

envision solar international, inc. is a san diego based sustainable technology innovation company. envision distinguishes itself with unique and advanced renewably energized electric vehicle (ev) charging, media and branding and energy security systems. envision's highly valuable and diverse product portfolio is based upon our patented ev arc™ and solar tree® product lines. all products can be enhanced with envisiontrak™ patented solar tracking, arc technology™ energy storage, suncharge™ electric vehicle charging stations and digital advertising packages.