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Beam Global - BEEM STOCK NEWS

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

Beam Global (NASDAQ: BEEM), headquartered in San Diego, is a sustainable technology innovation company specializing in renewably energized products for electric vehicle (EV) charging, outdoor media, and energy security. The company’s core offerings are built on its patented EV ARC™ and Solar Tree® product lines, which are further enhanced with technologies like BeamTrak™ solar tracking, ARC Technology™ energy storage, and SunCharge™ EV charging stations. These solutions are designed to eliminate the need for grid-tied infrastructure, thereby reducing costs and construction disruptions. Notably, Beam Global has recently been granted Patent No. US 11,912,144 B2 by the U.S. Patent Office for its wireless/inductive EV ARC™, which enables EVs to charge wirelessly without the need to plug in a charging cable.

Beam Global is actively involved in several groundbreaking projects and has achieved significant milestones. The company’s products are not only convenient but also essential in disaster preparedness, as they can provide vital electricity during emergencies. The Federal Government has recognized the value of Beam's solutions, evidenced by the deployment of EV ARC™ systems, which reduce costs through avoided construction and operational disruptions.

The company’s financial condition is robust, with record revenues reported in 2023 and continued growth into 2024. Beam Global recently expanded into Europe through the acquisition of Amiga DOO, marking a significant geographic expansion. This move has already resulted in substantial contract awards, including a major order from the British Army.

Beam Global’s operations are spread across the U.S. and Europe, with facilities in Chicago, Belgrade, and Kraljevo. The company is focused on scaling up its EV charging solutions, energy storage, and vital energy security products. With a strong patent portfolio and ongoing innovations, Beam Global is well-positioned to lead in the clean technology sector.

For more information, visit BeamForAll.com, and follow the company on LinkedIn, YouTube, and X (formerly Twitter).

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Beam Global, a leading provider of sustainable infrastructure solutions, announced that the Federal Railroad Administration has ordered EV ARC™ solar-powered EV charging systems for federal fleet vehicles at the Transportation Technology Center in Pueblo, CO. The systems are off-grid, generate their own electricity, and have the ability to charge EVs during blackouts, making them a cost-effective and reliable solution for the federal government's fleet electrification efforts.

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Beam Global has deployed EV ARC™ solar-powered EV charging systems at the U.S. National Park Service headquarters in Washington, D.C. The systems were purchased through a federal procurement process, providing clean electricity and reducing costs for the government. The deployment aligns with the federal goal of 100% zero-emission vehicle acquisitions by 2035.
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Beam Global, the leading provider of sustainable infrastructure solutions for transportation and energy security, reported record full-year revenues of $67.4 million, a 206% increase year over year. The company achieved positive full-year gross profit, a debt-free status with a $100 million line of credit available, and a current pipeline of $150 million. Beam Global also secured significant government contracts, expanded its global patent portfolio, and enhanced its leadership team. The company's CEO highlighted operational successes, geographic expansions, and product developments, setting the stage for continued growth in 2024.
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Beam Global, a leading provider of sustainable infrastructure solutions, will release its 2023 operating results on April 17, 2024. A conference call will be held to discuss financial results and corporate updates.
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Beam Global to present a corporate update at LD Micro Invitational XIV 2024, with CEO Desmond Wheatley providing insights on sustainable infrastructure solutions for transportation and energy security.
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Beam Global, a leading provider of sustainable infrastructure solutions, announced an in-depth seminar on emerging technologies and financial models for utility scale energy storage. The seminar, led by CEO Desmond Wheatley and Chief Battery Scientist Dr. Said Al-Hallaj, aims to address the growing demand for energy storage facilities in Europe, particularly in the Balkan region. The company sees significant growth opportunities in the European market following recent contract wins and strong interest in its products. The seminar will cover technical updates on lithium-ion batteries, thermal management, design best practices, and emerging financial models.
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Beam Global (BEEM) has been granted a new patent by the United States Patent Office for its wireless charging technology, enabling EVs to charge wirelessly without the need for a charging cable. The patented technology, Self-Contained Renewable Inductive Battery Charger, will be integrated into the EV ARC™ system, providing easy and efficient charging solutions for electric vehicles. CEO Desmond Wheatley highlights the convenience and commercial implications of this technology, emphasizing the ease of deployment and operation for fleet managers and consumers.
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Beam Global secures a $1 million order from the UK Ministry of Defence for sustainable electric vehicle charging systems to be deployed on Cyprus. The order includes ten EV ARC™ charging systems and one ARC Mobility™ trailer to support the electrification of transportation. This marks Beam Global's entry into the European market with a significant milestone in the sustainable infrastructure sector.
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Beam Global has been named a supplier on the UK's Crown Commercial Service (CCS) Spark Dynamic Purchasing System (DPS), highlighting its commitment to sustainable infrastructure solutions for electrification. The company's solar-powered EV ARC™ EV charging infrastructure products offer off-grid capabilities, clean electricity generation, and emergency power options, aligning with the UK government's zero-emission vehicle goals. This strategic move signifies Beam Global's expansion into the European market and potential growth opportunities in a region focused on sustainability and renewable energy.
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Beam Global (BEEM) partners with the City of Richmond in California to provide sustainable electric vehicle charging solutions for underserved communities through the EV ARC™ system. The initiative aims to offer clean and reliable transportation options, benefitting community members while reducing environmental impact and promoting disaster preparedness.
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FAQ

What is the current stock price of Beam Global (BEEM)?

The current stock price of Beam Global (BEEM) is $4.895 as of November 6, 2024.

What is the market cap of Beam Global (BEEM)?

The market cap of Beam Global (BEEM) is approximately 68.5M.

What does Beam Global specialize in?

Beam Global specializes in renewably energized products for electric vehicle (EV) charging, outdoor media, and energy security.

What are Beam Global’s core products?

Beam Global’s core products include the patented EV ARC™ and Solar Tree® lines, enhanced with BeamTrak™ solar tracking and ARC Technology™ energy storage.

Has Beam Global received any recent patents?

Yes, Beam Global recently received Patent No. US 11,912,144 B2 for its wireless/inductive EV ARC™ technology.

Where is Beam Global headquartered?

Beam Global is headquartered in San Diego, California.

What recent achievements has Beam Global made?

Beam Global reported record revenues in 2023, expanded into Europe, and received significant contracts, including one from the British Army.

How does Beam Global’s technology benefit during disasters?

Beam Global’s products can provide vital electricity during emergencies, making them essential for disaster preparedness.

Where can I find more information about Beam Global?

You can visit Beam Global's official website at BeamForAll.com and follow them on LinkedIn, YouTube, and X (formerly Twitter).

What is the significance of Beam Global’s EV ARC™ products?

The EV ARC™ products are designed to provide off-grid, solar-powered EV charging solutions, eliminating the need for costly grid-tied infrastructure.

What are the financial highlights of Beam Global for 2023?

Beam Global reported record revenues of $67.4 million for 2023, marking a 206% increase over 2022.

What are Beam Global’s future plans?

Beam Global plans to continue its geographic expansion, enhance its product lines, and invest in new technologies to maintain its leadership in sustainable infrastructure.

Beam Global

Nasdaq:BEEM

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68.52M
14.62M
7.77%
18.05%
9.99%
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