Beam Global's GSA Contract Renewed, Expanding Access to Sustainable EV Charging Solutions Through 2030

Beam Global's GSA contract is renewed, enabling state and local governments to purchase sustainable EV charging products.

Quiver AI Summary

Beam Global has announced the renewal of its Multiple Award Schedule (MAS) contract with the U.S. General Services Administration (GSA), now extended through October 31, 2030, with options for further extensions until 2040. This renewal allows state and local governments to purchase Beam's innovative and sustainable products directly through the GSA MAS program, significantly streamlining the procurement process. CEO Desmond Wheatley highlighted the benefits of this contract for government facilities, emphasizing Beam's American-made products focused on energy security and disaster preparedness. The company's offerings, including sustainable electric vehicle charging solutions, are available at pre-negotiated pricing on GSA Advantage!®, enhancing their accessibility to various government entities and educational institutions.

Potential Positives

The U.S. General Services Administration has renewed Beam Global's Multiple Award Schedule contract through October 31, 2030, ensuring continued government business opportunities.
The renewal includes the addition of Beam’s products to Special Item Number (SIN) 334512, expanding the company's market reach to state and local governments.
The Cooperative Purchasing provision allows eligible agencies to streamline procurement processes, potentially increasing sales and reducing barriers for government clients.
Beam Global’s products are designated Disaster Purchasing status, enhancing their appeal and utility for government entities, particularly in emergency preparedness scenarios.

Potential Negatives

The press release relies heavily on forward-looking statements, which may create expectations that are not guaranteed, potentially leading to investor dissatisfaction if projected outcomes are not met.
The inclusion of a long-term contract does not necessarily guarantee future profitability or market share, as it does not address potential competitive threats or market conditions that could affect sales.
The focus on federal contracts does not provide insight into Beam Global's performance in the private sector or its overall business diversification, which could raise concerns about dependency on government contracts.

FAQ

What is Beam Global's recent contract renewal about?

Beam Global's MAS contract with the U.S. GSA has been renewed, extending availability through October 31, 2030, with options for further extension.

How can state and local governments purchase Beam Global products?

State and local governments can buy Beam Global products through the GSA MAS program, facilitating easier procurement under cooperative purchasing provisions.

What benefits do Beam Global products offer to government facilities?

Beam Global products provide energy security and disaster preparedness features, enhancing infrastructure solutions for government facilities across the nation.

Where can I find Beam Global's products for purchase?

Beam Global's sustainable EV charging products are available for purchase on the GSA Advantage!® site under pre-negotiated pricing and terms.

Who can I contact for more information about Beam Global's offerings?

For inquiries about purchasing Beam Global's products, you can contact the Beam Team at +1 858-327-9123 or email [email protected].

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$BEEM Hedge Fund Activity

We have seen 13 institutional investors add shares of $BEEM stock to their portfolio, and 25 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS GROUP AG added 85,546 shares (+986.3%) to their portfolio in Q2 2025, for an estimated $124,897
XTX TOPCO LTD removed 41,880 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $85,435
BARD ASSOCIATES INC removed 41,455 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $60,524
BLACKROCK, INC. removed 35,458 shares (-19.1%) from their portfolio in Q2 2025, for an estimated $51,768
PATHSTONE HOLDINGS, LLC removed 35,380 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $72,175
KING LUTHER CAPITAL MANAGEMENT CORP removed 26,667 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $54,400
CITADEL ADVISORS LLC removed 24,823 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $36,241

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$BEEM Analyst Ratings

Wall Street analysts have issued reports on $BEEM in the last several months. We have seen 2 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

B. Riley Securities issued a "Buy" rating on 05/20/2025
Maxim Group issued a "Buy" rating on 05/19/2025

To track analyst ratings and price targets for $BEEM, check out Quiver Quantitative's $BEEM forecast page.

$BEEM Price Targets

Multiple analysts have issued price targets for $BEEM recently. We have seen 2 analysts offer price targets for $BEEM in the last 6 months, with a median target of $4.0.

Here are some recent targets:

Christopher Souther from B. Riley Securities set a target price of $4.0 on 05/20/2025
Tate Sullivan from Maxim Group set a target price of $4.0 on 05/19/2025

Full Release

SAN DIEGO, Aug. 26, 2025 (GLOBE NEWSWIRE) -- Beam Global , (Nasdaq: BEEM ), (the “Company”), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy security, and smart city infrastructure, today announced that the U.S. General Services Administration (GSA) has renewed its Multiple Award Schedule (MAS) contract through October 31, 2030. The contract includes exercise options which could extend Beam’s availability on the GSA MAS schedule through October 31, 2040.

As part of this renewal, Beam Global’s offerings have been added to Special Item Number (SIN) 334512 (Total Solution Support Products for Facilities Management Systems), which includes a Cooperative Purchasing provision. As a result, state and local governments are now eligible to purchase Beam Global’s products through the GSA MAS program. Eligibility determinations can be referenced here .

Cooperative Purchasing accelerates procurement timelines by enabling eligible agencies to buy directly from pre-negotiated GSA contracts, satisfying competitive sourcing requirements without the need for lengthy Request for Proposal (RFP) processes.

"We are encouraged to see the federal government GSA renewing our multiple award schedule contract," said Desmond Wheatley, CEO of Beam Global. "Our American made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation. The disaster preparedness attributes of our FEMA listed products mean that this federal contract vehicle can also be used by state and local governments who wish to purchase our products without having to go through time consuming and complex processes. This significantly increases the value of the contract vehicle for both our customers and our shareholders.”

Federal agencies, as well as state and local governments, can use the company’s GSA MAS Contract to secure Beam Global’s sustainable EV charging products at pre-negotiated pricing, terms, and conditions on the GSA Advantage!® site . The products are also designated Disaster Purchasing status and are available for purchase by state and local government entities and educational institutions in accordance with Section 833 of the John Warner Defense Authorization Act of 2007 and the Federal Supply Schedules Usage Act of 2010.

For more information on purchasing Beam Global’s EV ARC™ ready-to-deploy sustainable EV charging and energy security solutions through the GSA MAS Contract, please contact the Beam Team at +1 858-327-9123 or [email protected] .

About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and smart city Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, enable Smart City services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL, Belgrade and Kraljevo, Serbia and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com , LinkedIn , YouTube , Instagram and X .

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. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Investor Relations
Luke Higgins
+1 858-261-7646
[email protected]

Media Contact
Lisa Potok
+1 858-327-9123
[email protected]