The need for EV charging infrastructure is becoming greater and more urgent every day. “Consumers, companies and governments are adopting EVs at a faster rate than ever and yet we are still just at the beginning of this massive shift. to fuel this new generation of vehicles,” said Beam Global CEO Desmond Wheatley. “This new contract with California is at once a powerful validation of our products which the state has been using for many years and also a strong indication of California’s commitment to electrifying transportation and using rapidly deployed, sustainable and robust charging infrastructure products that are made in the U.S.
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.
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The EV ARC™ DC Fast Charging system enables DC fast charging in locations with insufficient circuity, no grid connection or excessive upgrade or power costs. The ARC Mobility™ trailer is a specialized hydraulic transportation system which enables a single operator to easily relocate EV ARC™ 2020 systems. Transportable yet permanent, it fits in a standard parking spot without reducing available parking and can charge up to 6 vehicles simultaneously.
Off-grid and solar-powered, each EV ARC™ 2020 generates and stores its own electricity, then delivers that energy to power any quality brand level 2 EV charger. This represents an expansion over previous California contracts to include more Beam Global products than were available on previously awarded contracts. The contract includes several configurations of the EV ARC™ 2020, EV ARC™ DC Fast Charging system, the ARC Mobility™ trailer and emergency preparedness accessories. The state has opened this purchasing vehicle to government entities in all 50 states that elect to use the California contract to buy Beam’s rapidly deployed solar-powered EV charging systems at the same volume price offered to the State of California. Use of the DGS contract is mandatory for all State of California Departments and is available for use by local California governmental agencies. The award is effective Jthrough Jand is eligible for renewal through June 23, 2027. states, can purchase Beam products at the California negotiated price, without having to go through a lengthy procurement or technology review process. California state, local and municipal government entities, and government entities in other U.S.
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BEEM lost -$0.77 per share the over the last 12 months.Ĭlick Here to get the full Stock Score Report on Beam Global (BEEM) Stock.Beam Global, (Nasdaq: BEEM, BEEMW), the leading provider of innovative sustainable products and technologies for electric vehicle (EV) charging, energy storage, energy security and outdoor media, announced that the State of California has awarded contract #1-22-61-16 to supply EV ARC™ sustainable EV charging systems through the Department of General Services (DGS) to Beam Global. Over the past year the S&P 500 has gained 15.28% while BEEM is higher by 373.25%. BEEM is higher by $0.63 from the previous closing price of $21.66 on volume of 52,587 shares. What's Happening With Beam Global Stock Today?īeam Global (BEEM) stock is higher by 2.91% while the S&P 500 is down -0.12% as of 9:48 AM on Friday, Nov 20. There’s no need to try to remember what is “good” for a bunch of complicated ratios, just pay attention to which numbers are the highest.
A score of 100 is the top and a 0 is the bottom. Percentile-ranked scores are also easy to understand. This makes InvestorsObserver’s overall rating a great way to get started, regardless of your investing style. Our proprietary scoring system captures technical factors, fundamental analysis and the opinions of analysts on Wall Street. A score of 81 would rank higher than 81 percent of all stocks. Investors Observer allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry.
There are thousands of options and it can be confusing on what actually constitutes a great value. Searching for the best stocks to invest in can be difficult. See Full BEEM Report What do These Ratings Mean?