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Beam Global to Participate at the 2025 Sequire Investor Summit in Puerto Rico
GlobeNewswire· 2025-01-16 11:00
Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, particularly in the electrification of transportation and energy security [2] - The company operates in the U.S. and Europe, developing, patenting, designing, engineering, and manufacturing advanced clean technology solutions [2] - Beam Global is headquartered in San Diego, CA, with additional facilities in Chicago, IL, and Serbia [2] Event Participation - Desmond Wheatley, the CEO of Beam Global, will participate in the Sequire Investor Summit in San Juan, Puerto Rico, on January 22, 2025 [1] - The presentation will take place at the Condado Vanderbilt Hotel from 15:00 PM to 15:30 PM AST [1] - Mr. Wheatley will lead a group presentation and will be available for one-on-one meetings with registered attendees [1]
Biden's Last Push for EV Chargers Before Trump Era: 4 Stocks to Watch
ZACKS· 2025-01-14 15:06
Core Insights - The Biden administration is intensifying efforts to establish a clean energy legacy, announcing $635 million in grants for electric vehicle (EV) chargers, leaving only $700,000 of the $2.5 billion allocated under the 2021 Bipartisan Infrastructure Law [1][2] - The grants will support 49 projects across 27 states, aiming to deploy over 11,500 EV charging ports and alternative fuel infrastructure [2] - The long-term demand for EV charging stations is projected to remain strong, with the global EV charging market expected to grow from $22.45 billion in 2024 to $257.03 billion by 2032, reflecting a compound annual growth rate of 35.6% [6] Industry Overview - The U.S. currently has nearly 70,000 public EV charging stations and over 197,000 charging ports, with a target to build 500,000 publicly available EV chargers by 2030 [4] - The potential return of Donald Trump to office could disrupt current EV initiatives due to his unfavorable stance on EVs [5] Company Highlights - **Tesla (TSLA)**: Holds a significant position in the EV sector with over 60,000 Supercharger stations globally. The company is expected to see year-over-year growth of 17.4% in sales and 33% in EPS by 2025 [8][9] - **Blink Charging (BLNK)**: Manages over 90,000 chargers globally and has made strategic acquisitions to expand its footprint. The company is projected to achieve year-over-year growth of 28% in sales and 65% in EPS by 2025 [10][11] - **EVgo (EVGO)**: Operates over 1,000 fast-charging stations and has seen revenue growth from $22 million in 2021 to $161 million in 2023. The company is expected to grow sales by 44% and EPS by 7% by 2025 [12][13] - **Beam Global (BEEM)**: Focuses on sustainable products for EV charging and has launched innovative products to enhance its market position. The company is projected to achieve year-over-year growth of 33% in sales and 30.5% in EPS by 2025 [14][15]
Beam Global Announces EV ARC™ System Meets CE Mark Compliance
GlobeNewswire· 2025-01-14 11:00
Core Insights - Beam Global has received the CE mark for its EV ARC™, BeamBike™, BeamWell™, and BeamPatrol™ products, allowing them to be sold freely within the European Economic Area (EEA) [1][2][3] - The CE mark signifies compliance with EU health, safety, and environmental protection requirements, enhancing the manufacturer's reputation and consumer trust [2][3] - The CEO of Beam Global emphasized that the CE mark will streamline the selling process and broaden market appeal, particularly in Europe, which is the largest automotive market with over 400 million vehicles [3] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating in the nexus of clean energy and transportation [4] - The company develops and manufactures scalable EV charging solutions, safe energy storage, and energy security products, with operations in the U.S. and Europe [4] - Beam Global is headquartered in San Diego, CA, with additional facilities in Chicago, IL, and Serbia, and is listed on Nasdaq under the symbol BEEM [4] Market Context - The EU has mandated that all new cars and vans sold in Europe must be zero-emission by 2035, with a target to reduce net greenhouse gas emissions by at least 55% by 2030 [3] - Beam Global expanded its operations into Europe in Q4 of 2023, positioning its renewably-energized product portfolio as ideal solutions for Europe's electrification mandates [3]
Beam Global Announces Investor Conference Schedule for January 2025
GlobeNewswire· 2025-01-08 11:00
Core Insights - Beam Global, a leader in sustainable infrastructure solutions for electrification and energy security, announced participation in two upcoming investment conferences [1] - CEO Desmond Wheatley will engage in one-on-one meetings with investors at the Needham Growth Conference on January 14, 2025, in New York City [2] - Wheatley will also lead a group presentation and hold one-on-one meetings at the Sequire Investment Summit on January 22, 2025, in Puerto Rico [3] Company Overview - Beam Global specializes in clean technology, focusing on sustainable energy infrastructure, scalable EV charging solutions, and energy security [4] - The company operates in the U.S. and Europe, with headquarters in San Diego, CA, and additional facilities in Chicago, IL, and Serbia [4] - Beam Global is publicly traded on Nasdaq under the symbol BEEM [4]
Beam (BEEM) - 2024 Q3 - Earnings Call Transcript
2024-11-16 00:20
Beam Global (NASDAQ:BEEM) Q3 2024 Results Conference Call November 15, 2024 4:30 PM ET Company Participants Lisa Potok - Chief Financial Officer Desmond Wheatley - Chairman, President, Chief Executive Officer Conference Call Participants Tate Sullivan - Maxim Group Noel Parks - Tuohy Brothers Operator Hello, and welcome to the Beam Global Third Quarter 2024 Operating Results Conference Call. All participants will be in listen-only mode. [Operator Instructions] As a reminder, this conference is being recorde ...
Beam (BEEM) - 2024 Q3 - Quarterly Results
2024-11-15 01:41
Exhibit 99.1 Beam Global Announces Third Quarter 2024 Operating Results Conference Call Friday, November 15, 2024 at 4:30 p.m. ET SAN DIEGO, CA – November 14, 2024 – 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 Q ...
Beam (BEEM) - 2024 Q3 - Quarterly Report
2024-11-14 22:20
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________________ to ________________ Commission File Number 001-38868 Beam Global (Exact name of Registrant as specified in its charter) Nevada 26-1342810 ( ...
Beam (BEEM) - 2024 Q2 - Earnings Call Transcript
2024-08-14 03:34
Beam Global (NASDAQ:BEEM) Q2 2024 Earnings Conference Call August 13, 2024 4:30 PM ET Company Participants Desmond Wheatley - Chairman, President, Chief Executive Officer Lisa Potok - Chief Financial Officer Conference Call Participants Sameer Joshi - HC Wainwright Andrew Brennan - ROTH Capital Noel Parks - Tuohy Brothers Tate Sullivan - Maxim Group Operator Good day, and welcome to the Beam Global Second Quarter 2024 Operating Results Conference Call. All participants will be in a listen-only mode. [Opera ...
Beam Global (BEEM) Reports Q2 Loss, Lags Revenue Estimates
ZACKS· 2024-08-13 22:45
Beam Global (BEEM) came out with a quarterly loss of $0.14 per share versus the Zacks Consensus Estimate of a loss of $0.20. This compares to loss of $0.32 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this company would post a loss of $0.30 per share when it actually produced a loss of $0.21, delivering a surprise of 30%. Over the last four quarters, the company has surpassed consens ...
Beam (BEEM) - 2024 Q2 - Quarterly Results
2024-08-13 20:33
Exhibit 99.1 Beam Global Announces Record Second Quarter 2024 Operating Results Conference Call Tuesday August 13, 2024 at 4:30 p.m. ET SAN DIEGO, CA – August 13, 2024 – Beam Global, (Nasdaq: BEEM), (the "Company"), 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 2024 · Record gros ...