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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 Receives Top Product of the Year Award from Environment + Energy Leader

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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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Beam Europe Receives New Orders from Leading European Market Telecommunications Provider Totaling US$1.2 Million

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Beam Global (Nasdaq: BEEM, BEEMW) announced a leading European market telecommunications operator placed orders for telecommunications infrastructure products, valued at over US$1 million year to date, with US$750k since Beam Global’s acquisition of Amiga and the formation of Beam Europe. The customer has worked with Beam Global’s European operations, formed as a result of the Beam Global acquisition of Amiga D.O.O in October of this year, for over 20 years. Innovations coming to the telecommunications industry include energy resiliency, micro-grid technology and sustainable solutions. Renewable energy and battery storage is becoming increasingly important to the telecommunications leaders striving to provide the most sustainable and reliable connectivity in their respective regions.
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Europe-Based George Syllantavos Joins Beam Global Board of Directors

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Beam Global (Nasdaq: BEEM, BEEMW) announces the addition of George Syllantavos to its board of directors. With over 35 years of experience in corporate finance, strategic planning, and governance, Mr. Syllantavos brings deep international experience in transportation, maritime, industrials, and automotive technology. His expertise in public listings, M&A transactions, and IPOs makes him a valuable addition to the board. Beam Global CEO Desmond Wheatley expresses excitement about the company's expansion into the European market and the potential benefits of Mr. Syllantavos' connections and expertise.
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Beam Global Announces Continuing Orders for EV ARC Solar-Powered EV Charging Systems from Multiple Federal Agencies

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Beam Global (Nasdaq: BEEM, BEEMW) has received repeat orders from multiple federal agencies for its solar-powered EV ARC™ EV charging infrastructure products, expanding its footprint among existing federal customers. The company's off-grid charging systems generate and store their own electricity, reducing costs and providing energy resiliency during blackouts and emergencies. The federal government's goal of having 25% of EV charging infrastructure be off-grid and powered by 100% renewable energy aligns with Beam Global's offerings. President Biden's Executive Order 14057 prioritizes zero-emission vehicle acquisitions, further driving the demand for clean energy solutions like those offered by Beam Global.
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Beam Global Appoints Lisa Potok as Chief Financial Officer

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Beam Global (Nasdaq: BEEM, BEEMW) has appointed Lisa Potok as its chief financial officer. Ms. Potok brings 25+ years of financial and operational experience from companies with revenues in the hundreds of millions and billions of dollars. She has a successful track record in managing public offerings, acquisitions, and strategic initiatives. Beam Global's revenues have grown by almost 300% in the past year, and its expansion into Europe makes Ms. Potok's international experience vital for the company's future. She succeeds Kathy McDermott, who has been with Beam Global since 2019 and will continue to support the company through the end of 2023.
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Judy Krandel Joins Beam Global Board of Directors

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Beam Global (Nasdaq: BEEM, BEEMW) welcomes Judy Krandel as an independent board member and Chair of the Audit Committee. With over 20 years of experience in asset management and financial leadership, Ms. Krandel brings valuable expertise in strategic planning, capital allocation, and M&A. She holds a Bachelor of Science in Finance from the Wharton School and a Master of Business Administration from the University of Chicago Booth School of Business.
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Beam Global Announces Continuing Orders for EV ARC Solar-Powered EV Charging Systems from Multiple California State Agencies

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Beam Global (Nasdaq: BEEM, BEEMW) announced orders from the California Department of General Services for EV ARC™ systems, further expanding its footprint in the leading US market. The solar-powered EV ARC™ charging infrastructure products are off-grid, generate and store their own electricity, and are deployed with no electrical work, no construction, and no utility bill, reducing California’s costs through avoided construction, electrical upgrades, operational disruptions, and ongoing utility bills. The company sees California as an excellent proxy for its growth in Europe, where the needs for sustainable EV charging infrastructure are arguably greater.
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FAQ

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

The current stock price of Beam Global (BEEM) is $4.825 as of November 7, 2024.

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

The market cap of Beam Global (BEEM) is approximately 70.9M.

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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#4646 Ranked by Market Cap
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BEEM Stock Data

70.87M
14.62M
7.77%
18.05%
9.99%
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