STOCK TITAN
  1. Home
  2. News
  3. BEEM

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 Closes Acquisition of Europe Based Amiga, Creates Beam Europe

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
Tags
acquisition
-
News

Beam Global Completes Due Diligence and Negotiations and Signs Agreement to Acquire Europe Based Amiga

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
-
News

Beam Global Launches 160 mph Wind-Rated EV ARC™ Sustainable EV Charging Infrastructure Products

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
News

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

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
-
News

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

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
-
News

Beam Global Announces Record Second Quarter 2023 Operating Results

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
News

Beam Global to Release Second Quarter 2023 Operating Results, Conference Call Scheduled for August 14, 2023 at 4:30 p.m. ET

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
-
News

The City of Los Angeles Department of Recreation and Parks Strengthens its Commitment to Sustainability with Third Follow-On Order of Beam Global EV ARC™ Off-Grid Solar Charging Systems

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
-
News

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Pricing of Upsized $22.5 Million Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.64%
Tags
offering acquisition
News

Beam Global Executes Binding LOI to Acquire Europe Based Amiga, Announces Proposed Public Offering of Common Stock and Announces Q2 Revenue and Unit Guidance

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
6.64%
Tags
offering acquisition

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.

Stock BEEM logo
Beam Global

Nasdaq:BEEM

BEEM Rankings

#4982 Ranked by Market Cap
N/A Ranked by Dividends

BEEM Stock Data

41.81M
13.71M
7.29%
17.7%
9.06%
Solar
Semiconductors & Related Devices
Link
United States of America
SAN DIEGO