Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products. The company's product portfolio include EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 50kW DC fast charge to one or more electric vehicles or larger vehicles; and EV ARC DCFC, a DC fast charging system for charging EVs. It is also developing EV-Standard, a lamp standard, EV charging, and emergency power product that uses an existing streetlamp's foundation and a combination of solar, wind, grid connection, and onboard energy storage to provide curbside charging; and UAV ARC, an off-grid and renewably energized product and network used to charge aerial drone (UAV) fleets. The company was formerly known as Envision Solar International, Inc. and changed its name to Beam Global in September 2020. Beam Global was founded in 2006 and is headquartered in San Diego, California.
IPO Year:
Exchange: NASDAQ
Website: beamforall.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2023 | Hold | Needham | |
| 2/13/2023 | $25.00 | Outperform | Northland Capital |
| 11/14/2022 | $30.00 | Neutral → Buy | H.C. Wainwright |
| 6/17/2022 | $23.00 | Buy | B. Riley Securities |
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SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: Gross Margin was 10.7% of sales, our highest Q3 margin ever, 9 percentage points increase over Q3 2023YTD Gross Margin 12.4%, 11 percentage points increase over 2023 47.9% revenue derived from commercial customersRecord Pipeline of over $200 millionBacklog of $7 millionDebt free and $100 million line of credit available and unused Q3 2024
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q3 2024 operating results on Friday, November 15, 2024 after the market closes. Management will host a conference call on Friday, November 15, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: November 15, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its first sponsorship deal with Globos Osiguranje, one of Serbia's premier insurance companies. Under this deal, Globos Osiguranje has sponsored five EV ARC™ solar-powered EV charging stations that are now deployed at Belgrade Nikola Tesla Airport, Serbia's busiest international travel hub, and will provide free public electric vehicle (EV) charging. In order to facilitate this sponsored Driving on Sunshine initiative, Beam Global previously secured an agreement with
SAN DIEGO, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Beam Global (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamPatrol™ law enforcement electric motorcycle and charging product bundle. The off-grid charging station is a turnkey solution, powered by 100% renewable energy and equipped with four chargers and four electric motorcycles from Zero Motorcycles, a recognized brand in quality and performance already widely adopted by law enforcement. This new resource provides a solution that is self-contained and ready to operate, allowing first responders
SAN DIEGO, Oct. 29, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it has received the first order for its BeamSpot™ curbside chargers from a Fortune 500 company in the utility and energy solutions sector. Multiple corporate offices will each install three BeamSpot™ systems for EV charging and street lighting. This announcement comes shortly after last month's launch of the product, which is part of Beam Global's line up of renewably energized, grid independent, electric vehicle (EV) charging solutions. The patented BeamSpot™ su
SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, is pleased to announce the appointment of Andy Lovsted as Vice President of Sales. In this role Mr. Lovsted will spearhead Beam Global's sales strategy to expand the company's footprint in electric vehicle (EV) infrastructure and energy security markets. Mr. Lovsted is a proven leader in managing sales for large enterprises and in emerging markets with over 20 years of executive leadership experience in the technology sector. He is recognized for his ability to transform sales organ
SAN DIEGO, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced the official launch of the BeamWell™ water desalination and e-mobility delivery system. This solution is designed to address critical needs for clean drinking water, mobility and electricity in regions facing humanitarian crises. The BeamWell™ product is based on the patented EV ARC™ system and is a self-sufficient, self-contained operational system for use in war zones and remote or disaster areas where only salt, brackish or dirty water is available because a relia
SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced Beam Global and the company's products will be introduced in Ethiopia as a first move to support the African continent and serve the esteemed Ethiopian government in its progressive efforts to electrify transportation and build a more sustainable and adaptable energy infrastructure. The Government of Ethiopia (GOE) recently became the first country to ban and prohibit import of both new and used internal combustion engine vehicles, including gas and diesel, as part o
SAN DIEGO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Beam Global (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its EV ARC™ systems in the south eastern United States continued to operate during Hurricane Helene. For example, EV ARC™ systems at the Bay Pines Florida Veterans Affairs Health Care in Big Bend, an area located in the direct path of Hurricane Helene, remained operational, sending data and continuing to provide a vital source of emergency power throughout the storm even while submerged in eight feet of storm surge. Hurricane Helene made a historic landfall in Big B
SAN DIEGO, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Beam Global (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the official launch of the patented BeamSpot™ sustainable curbside electric vehicle (EV) charging infrastructure system. The streetlight replacement combines solar, wind and utility-generated electricity into Beam Global's proprietary integrated batteries to provide resiliency, lighting and curbside EV charging. BeamSpot™ products are intended for public use in areas where EV charging is needed most but traditional installation methods are most challenging, including on str
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SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: Gross Margin was 10.7% of sales, our highest Q3 margin ever, 9 percentage points increase over Q3 2023YTD Gross Margin 12.4%, 11 percentage points increase over 2023 47.9% revenue derived from commercial customersRecord Pipeline of over $200 millionBacklog of $7 millionDebt free and $100 million line of credit available and unused Q3 2024
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q3 2024 operating results on Friday, November 15, 2024 after the market closes. Management will host a conference call on Friday, November 15, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: November 15, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free
SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its second quarter results for the period ended Q2 2024. Q2 2024 Financial Highlights: Increased revenue 2% to $14.8 million over Q1 2024Record gross margin of 16%, an increase over Q1 2024 of 6 percentage points31% of revenue derived from commercial customersBacklog of $11 million; record pipeline of over $183 millionNet cash used of $0.1 million in operating activities for the six months ended Q2 2024Debt free and $100 million line of credit available and
SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q2 2024 operating results on Tuesday, August 13, 2024 after the market closes. Management will host a conference call on Tuesday, August 13, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: August 13, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free Dial-In
SAN DIEGO, May 21, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its first quarter results for the period ended March 31, 2024. Q1 2024 Financial and Recent Company Highlights Record first quarter revenue of $14.6 million, 12% increase over Q1 2023Record gross profit with 10.2% gross marginBacklog of $20 million on March 31, 2024; pipeline of over $160 millionDebt free and $100 million line of credit available and unused310% increase in Q1 EV charging new orders from business/commercial sector over Q1 2023$7.4 m
SAN DIEGO, May 15, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q1 2024 operating results on Monday, May 20, 2024 after the market closes. Management will host a conference call on Tuesday May 21, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: May 21, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free Dial-In Numbe
SAN DIEGO, April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced operating results for the year ended December 31, 2023. 2023 and Recent Company Highlights Record full year revenues of $67.4 million, 206% year over year increaseRecord Q4 revenues of $20.0 million, 154% year over year increase and highest quarterly revenue in the company's historyRecord full year EV ARC™ system production, 194% year over year increasePositive full-year gross profit – an improvement of 9% as a percentage of revenue over
SAN DIEGO, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its 2023 operating results on Wednesday April 17, 2024 after the market closes. Management will host a conference call on Wednesday April 17, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: April 17, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificT
SAN DIEGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Desmond Wheatley, CEO of Beam Global, will host a virtual investor town hall meeting to answer questions from investors and the public about Beam Global. "Beam Global is growing and our recent expansion into Europe has opened new markets for us," said Desmond Wheatley, Beam Global CEO. "That expansion has increased interest from a growing range of investors, both domestic and international. I believe strongly in direct communications with our shareholders and
SAN DIEGO, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Third Quarter 2023 operating results on Tuesday November 14, 2023 before the market opens. Management will host a conference call on Tuesday November 14, 2023 at 8:30 a.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: November 14, 2023Time: 8:30 a.m. Eastern / 5:
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SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, is pleased to announce the appointment of Andy Lovsted as Vice President of Sales. In this role Mr. Lovsted will spearhead Beam Global's sales strategy to expand the company's footprint in electric vehicle (EV) infrastructure and energy security markets. Mr. Lovsted is a proven leader in managing sales for large enterprises and in emerging markets with over 20 years of executive leadership experience in the technology sector. He is recognized for his ability to transform sales organ
SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced Beam Global and the company's products will be introduced in Ethiopia as a first move to support the African continent and serve the esteemed Ethiopian government in its progressive efforts to electrify transportation and build a more sustainable and adaptable energy infrastructure. The Government of Ethiopia (GOE) recently became the first country to ban and prohibit import of both new and used internal combustion engine vehicles, including gas and diesel, as part o
SAN DIEGO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that former Nuclear Navy Officer Mark Myers has joined the Beam Global executive team as chief operating officer (COO). Mr. Myers is a proven manufacturing and operations executive with over 20 years of experience leading lean transformations in design, manufacturing and logistics. He has a track record in scaling high-growth organizations with strong gains in efficiency while expanding and adding manufacturing facilities and entering new geographies. Previous sen
SAN DIEGO, Jan. 16, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced the U.S. Army Corps of Engineers, Army Material Command (AMC) placed an order for 88 EV ARC™ sustainable off-grid charging systems. The systems will be deployed across 21 locations in 16 states. The purchase was made through GSA Multiple Award Schedule (MAS) Contract Number 47QSWA21D0006 which simplifies the federal procurement process and ensures best pricing. The U.S. Army is building a more sustainable and energy-resilient future for its fleet and its f
SAN DIEGO, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Lisa Potok has joined the Beam Global executive team as chief financial officer. Ms. Potok is an innovative and strategically focused financial executive with Fortune 500, small and medium-sized company and international experience. She has consistently contributed to growth in profitability while managing public offerings, acquisitions and other strategic initiatives. Immediately prior to her appointment at Beam Global, Ms. Potok was the CFO, Treasurer and
SAN DIEGO, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that Judy Krandel has joined the Beam Global board of directors. Ms. Krandel joins Beam Global's board as an independent board member and Chair of the Audit Committee, with an impressive track record in strategic planning and financial leadership. She brings more than 20 years of experience in asset management, investment, operations, financial reporting and oversight, as well as formal accounting expertise. She has successfully leveraged new technologies to dri
SAN DIEGO, Nov. 29, 2023 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced orders from the California Department of General Services (DGS) for several of the top State Agencies, adding to Beam's footprint in its leading market in the United States. The EV ARC™ systems were purchased using the California Department of General Services (DGS) contract #1-22-61-16 which simplifies the state procurement process and ensures the best negotiated pricing. The solar-powered EV ARC™ EV charging infrastructure products are off-grid, genera
SAN DIEGO, April 20, 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 Nancy Floyd has been appointed to the Beam Global Board of Directors. Ms. Floyd will serve as the Chair of the Audit Committee and member of the Nominating and Governance Committee and Compensation Committee of the Board. "We conducted a thorough search and set the bar very high for our next board member," said Beam Global CEO and Chairman of the Board, Desmond Wheatley. "Nancy Floyd brings extensive expertise in clean energy, utilities, technology and governance wi
Needham resumed coverage of Beam Global with a rating of Hold
Northland Capital initiated coverage of Beam Global with a rating of Outperform and set a new price target of $25.00
H.C. Wainwright upgraded Beam Global from Neutral to Buy and set a new price target of $30.00
B. Riley Securities initiated coverage of Beam Global with a rating of Buy and set a new price target of $23.00
Roth Capital reiterated coverage of Beam Global with a rating of Buy and set a new price target of $38.00 from $65.00 previously
Maxim Group reiterated coverage of Beam Global with a rating of Buy and set a new price target of $50.00 from $90.00 previously
Needham initiated coverage of Beam Global with a rating of Hold
H.C. Wainwright downgraded Beam Global from Buy to Neutral
Cowen initiated coverage of Beam Global with a rating of Market Perform and set a new price target of $33.00
Cowen initiated coverage of Beam Global with a rating of Market Perform and set a new price target of $33.00
Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that its Beam AllCell™ energy storage solutions have been selected by a leading provider of solar powered Transport Refrigeration Units (TRUs). The global Refrigerated Trailer market size was valued at USD 4.2 billion in 2023 and is forecast to grow to USD 6.3 billion by 2030, with North America and Europe experiencing steady growth in clean technology solutions for the industry driven by government initiatives and increasing consumer awareness. The California Air Resources Board (CARB) in partnership with CAL
Shares of Helen of Troy Limited (NASDAQ:HELE) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and lowered its FY25 guidance. Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from Benzinga Pro. Helen of Troy shares dipped 30.3% to $62.06 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares jumped 195% to $5.90 after the company announced interim results for extende
Shares of Mainz Biomed N.V. (NASDAQ:MYNZ) rose sharply in today's pre-market trading after the company announced submission for the FDA Breakthrough Device Designation for its next generation CRC screening test. Mainz Biomed shares jumped 16% to $0.5534 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Pineapple Energy Inc. (NASDAQ:PEGY) rose 85% to $2.22 in pre-market trading. Pineapple Energy engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital raising activities. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares rose 43.5% to $13.26 in pre-market trading after gaining 127% on Mon
Major U.S. indices had a mixed day on Monday. The Dow Jones Industrial Average dropped nearly 0.1% to 39,344.79, while the S&P 500 increased by 0.1% to 5,572.85. The Nasdaq saw a rise of almost 0.3%, closing at 18,403.74. The Nasdaq rose almost 0.3% to 18,403.74. These are the top stocks that gained the attention of retail traders and investors throughout the day: Nvidia Corp (NASDAQ:NVDA) Nvidia Corp closed up 1.88% at $128.20, with an intraday high of $130.77 and low of $127.04. The 52-week high is $140.76 and the low is $39.23. The company’s stocks are trading higher due to the ongoing artificial intelligence frenzy. UBS analyst Timothy Arcuri maintained Nvidia with a Buy and raised
Beam Global Inc. (NASDAQ:BEEM) shares have been highly volatile over the past week and trading higher Monday afternoon. What Happened: Last week, the company announced record second-quarter new orders totaling $10.6 million, marking a substantial 128% year-over-year increase. This surge was fueled by expanded government contracts across various U.S. states and local entities, alongside significant growth in its commercial business. Further boosting investor confidence, Beam Global also made its first shipments of EV ARC systems to Europe, specifically to Cyprus for the U.K. Ministry of Defence. Over half of the second quarter orders for EV AR came from new customers. What Else: CEO
Beam Global (NASDAQ:BEEM) shares are trading higher by 15.6% to $5.05 during Tuesday’s session after the company announced a year-over-year increase in second-quarter new orders. Beam Global reported a record $10.6 million in second-quarter new orders, a 128% increase year-over-year. The company says it expanded its government contracts with multiple U.S. states and 15 local government entities and saw a 66% growth in its commercial business. The company also shipped its first EV ARC™ systems to Europe. Over half of Q2 EV ARC™ orders were from new customers. CEO Desmond Wheatley also highlighted the company’s achievements, including revenue growth, international patents and a strong f
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.
HC Wainwright & Co. analyst Amit Dayal reiterates Beam Glb (NASDAQ:BEEM) with a Buy and maintains $30 price target.