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Beam Global (BEEM)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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58.23-5.17 (-8.15%)
At close: 4:00PM EST

57.55 -0.68 (-1.17%)
After hours: 7:25PM EST

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Previous Close63.40
Open60.00
Bid57.75 x 900
Ask58.50 x 800
Day's Range56.68 - 63.32
52 Week Range6.09 - 75.90
Volume499,003
Avg. Volume803,998
Market Cap464.24M
Beta (5Y Monthly)1.10
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateNov 12, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est48.33
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  • GlobeNewswire

    Beam Global Announces Record Fourth Quarter EV Arc™ Deliveries in 2020

    SAN DIEGO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced deliveries of 33 EV ARC™ systems in the fourth quarter of 2020. The Company delivered more EV ARC™ systems in the 4th quarter of 2020 than in any previous 4th quarter and more than in any of the preceding three quarters during the year. Deployments of the flagship EV ARC™ sustainable EV charging system were made to enterprise, municipal government, Federal government and utility customers, for public, workplace and fleet vehicle charging. The majority of the deliveries were to enterprise and government customers in California, including purchases made under our recently extended California DGS contract number 1-18-61-16. “2020 was a challenging year for everyone but we were able to close it with our strongest 4th quarter yet,” said Beam Global CEO Desmond Wheatley. “I am very encouraged by the way I see 2021 developing with EV charging infrastructure government spending commitments exceeding anything we have seen in the past. I believe that local budget shortfalls which might have otherwise negatively impacted our revenue opportunities will be more than offset by Federal spending and an increased emphasis on rapidly deployed EV charging infrastructure at State and enterprise levels. We also expect to see a significant increase in consumer demand for the new EVs such as pickup trucks and SUVs that will be released this year. All those new EVs will need a place to charge and our products charge them all.” California Governor Gavin Newsom has pledged to spend $1.5 billion in boosting the purchase of zero emission vehicles and building new charging stations across California. Newsom’s proposal also dedicates $300 million to the “greening” of state infrastructure starting with a pledge of a $50 million one-time General Fund to support the installation of zero-emission vehicle charging stations at state-owned facilities. In September 2020, Governor Newsom pledged to fast-track California’s environmental goals in response to the climate crisis. He issued an executive order that would require all new cars and passenger trucks sold in the state to be zero emission by 2035. The contract Beam has with the State of California supports these goals, along with the goals of other states. President-elect Joe Biden has announced a plan that represents the most ambitious clean energy vision by any U.S. president in history with billions planned for EV charging infrastructure and $4 trillion sought for green jobs and infrastructure spending. On Monday, President Biden signed the “Buy American” executive order which directs government agencies to strengthen requirements about purchasing products from American companies. Beam Global’s products are made in America. About Beam Global Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages. The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit https://BeamForAll.com/, LinkedIn, YouTube and Twitter. Forward-Looking Statements This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. Media Contact: The Bulleit Group BeamGlobal@BulleitGroup.com 415-742-1894

  • State of California Extends and Expands Contract With Beam Global for Rapidly Deployed Sustainable EV Charging Products
    GlobeNewswire

    State of California Extends and Expands Contract With Beam Global for Rapidly Deployed Sustainable EV Charging Products

    SAN DIEGO, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable technology for electric vehicle (EV) charging, outdoor media and energy security, announced that the State of California has extended Beam Global’s contract 1-18-61-16 to supply EV ARC™ systems to State of California Departments and other governmental entities, and expanded the contract to include government entities in other U.S. states at the California negotiated price, without their having to go through a lengthy procurement or technology review process. The award extends the contract through June 23, 2022. Use of the contract is mandatory for all State of California Departments and is available for use by local governmental agencies. The contract includes Beam’s emergency power solutions which provide a secure and reliable source of electricity for EV charging and first responders during natural disasters or other periods of utility grid interruption. The new contract also reflects the name change from Envision Solar to Beam Global.“Now all 50 states can use the California contract to buy Beam’s rapidly deployed solar-powered EV charging systems at the same volume price we offer to the State of California,” said Beam Global CEO Desmond Wheatley. “Governments and companies nationwide are under increasing pressure to deploy EV charging infrastructure quickly to accommodate the accelerating adoption of electric vehicles. The EV ARC™ is the fastest deployed and most scalable infrastructure solution. It requires no permitting, no electrical work and no construction. It’s sustainably powered with no utility bill and no loss of charging during a blackout. We are delighted to get this expanded contract renewal especially right on the heels of our recently announced Federal GSA contract which does the same things for all Federal agencies including the military.”President-elect Joe Biden has announced a plan that represents the most ambitious clean energy vision by any U.S. president in history with billions planned for EV charging infrastructure and $4 trillion sought for green jobs and infrastructure spending. On January 5, 2021, the Los Angeles Times reported that California Governor Gavin Newsom pledged to spend $1.5 billion in boosting the purchase of zero emission vehicles and building new charging stations across California, seeking to pair an economic incentive with progress on California’s ambitious greenhouse gas reduction goals. In September 2020, Governor Newsom pledged to fast-track California’s environmental goals in response to the climate crisis. He issued an executive order that would require all new cars and passenger trucks sold in the state to be zero emission by 2035. The contract Beam has with the State of California supports these goals, along with the goals of other statesAbout Beam Global Beam Global is a CleanTech leader that produces innovative, sustainable technology for electric vehicle (EV) charging, outdoor media, and energy security, without the construction, disruption, risks and costs of grid-tied solutions. Products include the patented EV ARC™ and Solar Tree® lines with BeamTrak™ patented solar tracking, and ARC Technology™ energy storage, along with EV charging, outdoor media and disaster preparedness packages.The company develops, patents, designs, engineers and manufactures unique and advanced renewably energized products that save customers time and money, help the environment, empower communities and keep people moving. Based in San Diego, the company produces Made in America products. Beam Global is listed on Nasdaq under the symbols BEEM and BEEMW (formerly Envision Solar, EVSI, EVSIW). For more information visit https://BeamForAll.com/, LinkedIn, YouTube and Twitter.Forward-Looking Statements This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results.Media Contact: The Bulleit Group BeamGlobal@BulleitGroup.com 415-742-1894