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Beam Global (BEEM)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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30.52-0.14 (-0.46%)
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Previous Close30.66
Open31.68
Bid31.00 x 1100
Ask31.40 x 800
Day's Range26.19 - 32.47
52 Week Range6.09 - 75.90
Volume1,175,630
Avg. Volume729,070
Market Cap243.321M
Beta (5Y Monthly)1.15
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 Est57.50
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  • Beam Global Adds to Growing List of Utility Customers
    GlobeNewswire

    Beam Global Adds to Growing List of Utility Customers

    SAN DIEGO, Calif., March 04, 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 a sixth utility has purchased an EV ARC™ 2020 system to provide sustainable off-grid EV charging for a pilot program aimed at assessing solutions for current and future needs. The California based utility joins Beam customers Baltimore Gas & Electric (BG&E), San Diego Gas & Electric (SDG&E), Southern Company/Georgia Power, Silicon Valley Power and Exelon Corporation. Several large utilities have issued net-zero emissions plans. For example, Duke Energy, the largest electricity generator in the country, and Michigan-based DTE Energy have pledged to be at net-zero emissions by 2050. Southern Company, headquartered in Atlanta, is aiming for “low to no carbon” by mid-century. And PSEG, based in New Jersey, says it will cut its carbon 80 percent from 2005 levels by 2046, with “a vision” of net zero by 2050. Utilities are looking at emerging solutions to reduce their carbon footprints while addressing resiliency. Beam Global’s solar-powered EV charging and emergency power products provide a valuable tool towards utility’s long-term plans. “We don’t compete with utilities, we provide them with another tool to execute on their mission to deliver clean, sustainable and reliable electricity to their customers,” said Beam Global CEO, Desmond Wheatley. “All of our products are capable of operating either independent of the grid or connected to it. As each of us becomes increasingly reliant upon electricity, especially with EV adoption, Beam products provide utilities with a rapidly deployed solution which enhances grid stability and meets their sustainability and resiliency goals. Utilities plan far into the future and tread carefully where new technologies are concerned as we have seen with the pilot stage deployments of EV ARC to date. We are very confident in the efficacy of our products and happy to be adding to our growing list of utility customers. We see them as a significant source of future growth.” On January 14, 2021 the California Public Utilities Commission (CPUC) passed a decision that includes a newly structured rate schedule for microgrids. Beam Global’s products qualify as microgrids. The Company views the CPUC decision as an important step towards increased adoption of off-grid technologies by utilities. 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

  • Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System
    GlobeNewswire

    Beam Global Announces 12% Increase in Energy Output from EV ARC™ Solar-Powered EV Charging System

    SAN DIEGO, Feb. 25, 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 improvements in the performance of the EV ARC™ sustainable EV charging system of up to 12%. The EV ARC™ 2020 system now delivers up to 265 e-miles in a day. All three models of the transportable, off-grid EV charging system now provide more range while unit pricing remains unchanged. “Beam is a cleantech innovation company with a constant improvement culture. I’m really proud of the engineering team for delivering more e-miles without increasing our costs. Customers, EV drivers and investors will all benefit,” said Beam Global CEO Desmond Wheatley. “Whether it has 2 wheels, 4 wheels, 18 wheels, 6 rotors or two fixed wings we can charge it with renewable energy and without construction, electrical work, utility bills or risks from the sort of gird failures we have seen in Texas recently.” According to the U.S. Department of Transportation, the average American sedan drives 30.4 miles per day, and it’s that cars are parked approximately 95% of the time. EV ARC™ systems can charge as many as six vehicles at a time providing what Beam refers to as DRR, or daily range replenishment, to multiple vehicles. With rapid EV adoption, “fueling” behavior from consumers, government entities, and enterprises is changing. It is no longer necessary to go somewhere special to fill up from empty as has been the case with gas and diesel-powered vehicles. Electric vehicle owners quickly learn that it makes more sense to charge when parked: at work or while dining, exercising, shopping, or sleeping. EV ARC™ systems are ideally suited to meet the need for ubiquitous charging infrastructure because they support any quality brand of EV charger and are deployed in minutes without construction, electrical work or utility bills. 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

  • Beam Global Awarded Florida Statewide Purchasing Contract for Rapidly Deployed Sustainable EV Charging Products
    GlobeNewswire

    Beam Global Awarded Florida Statewide Purchasing Contract for Rapidly Deployed Sustainable EV Charging Products

    SAN DIEGO, Feb. 18, 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 Florida Sheriffs Association (FSA) in partnership with the Florida Association of Counties awarded Beam Global statewide contract number FSA20-EQU18.0 Heavy Equipment. The contract includes the flagship EV ARC™ 2020 and EV ARC™ DCFC sustainable EV charging infrastructure systems under the category Power Charging, with a contract term through September 30, 2023. This is the premier contract in the state for police, fire, municipalities and universities. Beam was awarded the contract after qualification through a bidding process and review by the FSA and the FSA Fleet Advisory Committee. FSA contract prices are extended and guaranteed to any local government or political subdivision of the state, public educational institutions and other public agencies or authorities within the State of Florida. The EV ARC™ system continues to provide EV charging and emergency power during blackouts and is flood proof to 9.5 feet; factors which are particularly important in Florida and other locations which are at risk from rising sea levels and other flooding risks. “We are seeing increased interest from states to provide EV charging infrastructure to government agencies, businesses, residents, employees and visitors and it makes perfect sense for the Sunshine State to drive on sunshine,” said Beam Global CEO, Desmond Wheatley. “To keep up with increased state requirements, rapid and scalable deployment is crucial. The EV ARC™ is the only rapidly deployed, sustainable EV charging solution on the market that is off-grid, transportable and can be deployed in minutes instead of months. It requires no permitting, no electrical work, no construction and generates no utility bill. Florida can now buy the EV ARC with pre-negotiated pricing, which will make the procurement process much easier.” As of June 2020, Florida is No. 2 in the nation in passenger EV sales with roughly 64,500 EVs on Florida’s roads. With the signing of the into law, the Florida Legislature and Governor DeSantis took the first step in activating state and utility engagement. The state law tasks the Public Service Commission (PSC), Department of Transportation (DOT), and the state energy office to lead the creation of an EV master plan. This state-level planning process places Florida in an elite class of states thinking strategically about the future of mobility. President 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. Beam Global currently has additional contracts in place with the Federal General Services Administration (GSA), the states of California and Massachusetts and the City of New York. 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