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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 Granted European Patent for Curbside Electric Vehicle Charging Infrastructure Products

Rhea-AI Summary
Beam Global (BEEM, BEEMW) has been granted a new patent by the European Patent Office for its EV Standard™ product, combining solar, wind, and utility-generated electricity to provide street lighting and curbside EV charging. The product offers a clean and inexpensive EV charging solution, reducing the carbon impact and electricity cost. Beam Europe's recent acquisition positions them as a leading manufacturer of streetlights, enabling rapid global deployment of the new product. The EV Standard™ fills a significant gap in the current EV charging infrastructure market, aligning with the exponential growth trends of global EV sales and the urgent demand for on-street charging.
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Beam Global Announces Third Quarter 2023 Results

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BEEM: Beam Global Announces Record Q3 2023 Financial Results and European Acquisition
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Beam Global to Release Third Quarter 2023 Operating Results, Conference Call Scheduled for November 14, 2023 at 8:30 a.m. ET

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Beam Global (Nasdaq: BEEM, BEEMW) will report its Third Quarter 2023 operating results on November 14, 2023. A conference call will be held at 8:30 a.m. ET for a financial review and corporate update.
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Beam Global to Host Live-Streamed Tour of Beam Europe

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Beam Global, a leading provider of innovative and sustainable infrastructure solutions, will host a virtual tour of its newly acquired European operations on November 9, 2023. The tour will showcase the new Beam Europe office, engineering, and manufacturing facilities. Beam Europe expands market reach, product development, and manufacturing capacity for the European market. The acquisition of Amiga DOO Kraljevo will increase barriers to entry for future competition and advance Beam Global's position in the green economy. Europe's commitment to zero emissions from new cars and vans by 2035 presents a major growth opportunity for Beam Global.
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Beam Global Closes Acquisition of Europe Based Amiga, Creates Beam Europe

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Beam Global announces the acquisition of Amiga DOO Kraljevo, marking its entry into the European market. The acquisition is expected to expand market reach, product development, and capacity. Beam Global believes its products are well-suited for the European market due to the EU's focus on zero emission vehicles, green energy, and energy security. The acquisition is also expected to increase barriers to entry for future competition and strengthen Beam Global's position in the green economy.
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Beam Global Completes Due Diligence and Negotiations and Signs Agreement to Acquire Europe Based Amiga

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Beam Global acquires Amiga to enter European market and expand resources
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Beam Global Launches 160 mph Wind-Rated EV ARC™ Sustainable EV Charging Infrastructure Products

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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.
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Beam Global Completes Initial Deployment of Solar-Powered EV ARC™ Electric Vehicle Charging Systems for Top Global Automotive Manufacturer

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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.
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Beam Global EV ARC™ Systems Continue to Operate Throughout Hurricane Idalia

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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.
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Beam Global Announces Record Second Quarter 2023 Operating Results

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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.
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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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BEEM Rankings

#4646 Ranked by Market Cap
N/A Ranked by Dividends

BEEM Stock Data

70.87M
14.62M
7.77%
18.05%
9.99%
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