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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).

News

Beam Global CEO Desmond Wheatley to Host Virtual Investor Q&A on February 15, 2024

Rhea-AI Summary
Beam Global, a leading provider of sustainable infrastructure solutions, will host a virtual investor town hall meeting with CEO Desmond Wheatley to address questions from investors and the public. The company's stock is listed on Nasdaq under the ticker symbols BEEM and BEEMW.
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Beam Global Receives $1.7M Order from the North Carolina Department of Adult Correction for Sustainable EV Charging Infrastructure Products

Rhea-AI Summary
Beam Global, a leader in sustainable infrastructure solutions, has received an order for 19 Beam EV ARC™ sustainable off-grid charging systems and 2 ARC Mobility™ trailers from the North Carolina Department of Adult Correction. These systems are off-grid and powered by renewable energy, making them ideal for disaster preparedness and secure locations. The company's CEO, Desmond Wheatley, highlighted the unique benefits of their products and the increasing demand for electric vehicle charging infrastructure in government and private fleets.
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Beam Global Appoints Former Nuclear Navy Officer as COO

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Beam Global, a leading provider of sustainable infrastructure solutions, announced the appointment of Mark Myers as the new COO. Myers brings over 20 years of experience in lean manufacturing and operations, having previously worked at Thyssenkrupp Automotive, General Atomics, and McKinsey & Co. His role will focus on profitability through process improvement and standardization, with the goal of reducing costs and increasing operating leverage. Myers holds a Master of Science in Executive Leadership, a Master of Science in Engineering Management, and a Bachelor of Science in Naval Architecture and Marine Engineering. His appointment reflects Beam Global's commitment to expanding and refining its manufacturing and operations capabilities.
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Beam Global Receives $4.8M Order from U.S. Department of Homeland Security for Sustainable EV Charging Infrastructure Products

Rhea-AI Summary
Beam Global, a leading provider of sustainable infrastructure solutions, announced a significant order from the U.S. Department of Homeland Security for 47 Beam EV ARC™ sustainable off-grid charging systems and 16 ARC Mobility™ trailers. The purchase was made through the General Services Administration (GSA) Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006, and the charging systems will be deployed to various DHS component agencies across 13 states. The company's off-grid EV ARC™ systems are powered by renewable energy and are designed to provide disaster preparedness for federal fleet EVs and vital electricity for DHS personnel and first responders. The federal fleet's transition to zero-emission vehicles by 2035 is accelerating the adoption of clean and zero-emission vehicles for government fleets, including vehicles of the United States Postal Service.
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Beam Global Receives $7.4M Order from the U.S. Army for 88 Off-Grid EV ARC™ Electric Vehicle Charging Systems

Rhea-AI Summary
Beam Global, a leading provider of sustainable infrastructure solutions, announced that the U.S. Army Corps of Engineers, Army Material Command (AMC) has ordered 88 EV ARC™ sustainable off-grid charging systems to be deployed across 21 locations in 16 states. The purchase was made through a GSA Multiple Award Schedule (MAS) Contract, supporting the federal government's goal of 100% zero-emission federal fleet light duty vehicle acquisitions by 2027. The EV ARC™ charging systems will be deployed at AMC locations in 16 states, with more than 70% of the sites receiving multiple systems per location. Beam Global CEO Desmond Wheatley highlighted the importance of energy security and resilience in building out EV charging infrastructure, emphasizing the use of 100% renewable energy. The company aims to create American manufacturing jobs and serve zero-emission transportation with locally generated, renewable, and resilient energy.
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Beam Global CEO Desmond Wheatley Recognized as Business Intelligence Group’s Global Sustainability Hero of the Year

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Beam Global (Nasdaq: BEEM, BEEMW) CEO Desmond Wheatley receives Global Sustainability Hero award from Business Intelligence Group for the company's dedication to sustainable infrastructure solutions for electrification of transportation and energy security. Beam Global is rapidly scaling renewably energized EV charging infrastructure with the EV ARC™ sustainable charging solution, achieving record triple digit percentage year over year growth in 2023.
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Beam Global Receives Top Product of the Year Award from Environment + Energy Leader

Rhea-AI Summary
Beam Global (BEEM, BEEMW) wins the Top Product of the Year Award 2023 for its EV ARC™ sustainable EV charging system. The off-grid and 100% solar-powered EV ARC™ system generates and stores clean electricity, delivering energy to any quality brand charger the customer chooses. It requires no digging, construction, or electrical work, and the optional Emergency Power Panel can serve communities and first responders in grid outages or emergencies. The product's exceptional impact on sustainability and energy efficiency has been recognized by the Environment + Energy (E+E) Leader Awards program, highlighting its innovative approach to accelerating the electrification of transportation worldwide.
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Beam Global to Present at the 26th Annual Needham Growth Conference

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Beam Global (Nasdaq: BEEM, BEEMW) CEO Desmond Wheatley to present corporate overview at the 26th Annual Needham Growth Conference on January 17, 2024, discussing innovative and sustainable infrastructure solutions for electrification of transportation and energy security.
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City of Los Angeles Places Follow-On Order of Beam Global EV ARC™ Off-Grid Solar EV Charging Systems

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Beam Global (Nasdaq: BEEM, BEEMW) announced that the City of Los Angeles StreetsLA Division placed their largest order for solar-powered EV ARC™ charging systems, which will be deployed across several locations to fuel the City's growing fleet of electric vehicles. The off-grid systems eliminate the need for costly infrastructure upgrades and can be relocated as charging patterns change.
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Beam Global Announces Increase in Orders from County-Level Government Entities

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Beam Global (Nasdaq: BEEM, BEEMW) announces over 20% increase in new unit sales year-over-year from county-level entities for solar-powered EV charging infrastructure products. The company is seeing growth in public charging at county parks, hospitals, and civic centers, and considers county governments as a significant growth opportunity.
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FAQ

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

The current stock price of Beam Global (BEEM) is $2.83 as of December 24, 2024.

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

The market cap of Beam Global (BEEM) is approximately 41.8M.

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.

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Beam Global

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BEEM Stock Data

41.81M
13.71M
7.29%
17.7%
9.06%
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