Beam Global reports a 23% increase in EV ARC™ orders, driven by rising demand for sustainable infrastructure solutions.
Quiver AI Summary
Beam Global, a provider of sustainable infrastructure solutions, announced a 23% increase in orders for its EV ARC™ solar-powered charging units in the first quarter of 2025, despite a decrease in federal demand. The surge in orders, which includes clients from various sectors such as government agencies and the private sector across multiple states, aligns with the growth of electric vehicle sales in the U.S. Following a strategic shift towards commercial customers post-election, CEO Desmond Wheatley noted that Beam is also expanding its focus on international markets. As global electric vehicle sales rise, Beam Global continues to innovate and support organizations in meeting their climate and operational goals.
Potential Positives
- Beam Global reported a 23% quarter-over-quarter increase in orders for its EV ARC™ off-grid solar-powered charging units, indicating strong demand for clean infrastructure solutions.
- The new orders came from a diverse array of customers, including municipal and county governments, state and federal agencies, and private sector companies, suggesting broad market acceptance and appeal.
- This growth aligns with the rising electric vehicle sales trend in the U.S., indicating that Beam Global's products are well-positioned within the expanding EV market.
- The company is successfully adapting its strategy towards commercial clients and expanding its operations internationally while continuing to perform well in the U.S. market.
Potential Negatives
- Despite a 23% increase in orders quarter-over-quarter, the press release highlights a reduction in federal demand, which could indicate vulnerability in government contracts.
- The company's strategic shift towards commercial customers is a response to reduced federal orders, suggesting a potential instability in their traditional market.
- The mention of "forward-looking statements" indicates uncertainty about future performance, which may raise concerns among investors about the company's ability to sustain growth amidst changing market conditions.
FAQ
What recent orders has Beam Global received?
Beam Global announced a broad range of new orders for its EV ARC™ off-grid solar-powered charging units from various sectors and regions.
How much has Beam Global's orders increased recently?
There has been a 23% quarter-over-quarter increase in orders for Beam Global's products.
What sectors are driving demand for Beam's solutions?
Demand is growing from municipal governments, federal agencies, environmental organizations, and private sector companies in construction, clean energy, and technology.
How does Beam Global's focus shift impact its operations?
Beam Global shifted focus towards commercial customers, which contributed to the sustained order growth despite reduced federal demand.
Where can I learn more about Beam Global's offerings?
Visit www.BeamForAll.com for more information about Beam Global's innovative and sustainable infrastructure solutions.
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 12 institutional investors add shares of $BEEM stock to their portfolio, and 32 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- AWM INVESTMENT COMPANY, INC. removed 911,173 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,888,418
- OAK FAMILY ADVISORS, LLC removed 51,417 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $162,991
- LPL FINANCIAL LLC removed 49,395 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $156,582
- XTX TOPCO LTD removed 41,880 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $85,435
- VIRTUE CAPITAL MANAGEMENT, LLC added 40,000 shares (+400.0%) to their portfolio in Q4 2024, for an estimated $126,800
- GREEN ALPHA ADVISORS, LLC removed 35,324 shares (-58.9%) from their portfolio in Q1 2025, for an estimated $72,060
- CITADEL ADVISORS LLC removed 26,089 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $82,702
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
SAN DIEGO, May 08, 2025 (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 a broad range of new orders for its EV ARC™ off-grid solar-powered charging units, despite a reduction in federal demand. The 23% quarter-over-quarter increase in orders reflects growing demand for clean, resilient infrastructure solutions across a wide variety of sectors and regions.
Recent orders were placed by a mix of municipal and county governments, state and federal agencies, environmental organizations, and private sector companies including those in construction, clean energy, and technology. The orders came from multiple states including California, Arizona, Colorado, Florida, Michigan, and Washington.
“This increase in quarter-over-quarter orders is at almost exactly the same rate as the growth of electric vehicle sales in the U.S. and demonstrates the success of our shifting focus toward commercial customers rather than the federal government following the recent election, even as we continue to receive orders from federal entities, albeit at a reduced rate,” said Desmond Wheatley, CEO of Beam Global. “It also proves that while we are focusing heavily on growth in Europe, the Middle East and Africa, we are still performing strongly in the U.S. We look forward to this growth continuing throughout the year on a global scale.”
As demand for electric vehicles continues to rise, with
global EV sales
up 29% in 2025 and a 16% increase in North America alone, Beam Global remains at the forefront, delivering innovative, sustainable solutions that help public and private sector organizations meet their climate and operational goals.
To learn more about Beam Global’s solutions, visit
www.BeamForAll.com
.
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 and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit
BeamForAll.com
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LinkedIn
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X
(formerly 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. 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.
Media Contact
Andy Lovsted
+1-858-335-8465
[email protected]
Investor Relations
Luke Higgins
+1-858-799-4583
[email protected]
A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f5e6095f-b0ab-4cb4-8793-e5fc32cc9e33