Beam Global (BEEM) Stock Charged By Solar Charging Stations For EVs

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Beam Global (BEEM) has a limited capitalization, but with strong stock growth, it attracts ‎investors’ interest. During the past year, BEEM shares have risen by more than 1100 percent, to ‎‎$73.78 on December 31. The market’s capitalization was $352.41 million.‎

The emphasis of Beam Global is on the fact that the firm works in a promising direction: ‎renewable energy. The company’s big product is the EV ARC charging station for electric ‎vehicles. The building is mobile and can be transferred between parking lots, households, ‎centers for mass gatherings, etc.‎

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The unit has solar panels with a power of not more than 4 kW and a battery with a capacity of ‎not more than 24 kWh. In public places, such an installation may be used to charge electric ‎vehicles or to charge batteries at home. Among other things, the roof of the charging station ‎protects the car from direct sunlight and precipitation.‎

Beam Global continues to collect requests for EV ARC installs. So, last month, Beam Global ‎received an order for two EV ARC charging stations from the Montebello Administration in Los ‎Angeles. Eventually, this customer plans to switch their vehicles to electrical traction, and Beam ‎Global will count on new orders if the first two charging stations do well.‎

By 2035, it will be barred in California selling new vehicles with gasoline or diesel engines, and ‎demand for autonomous charging stations will grow considerably. The Beam Global solution, ‎such as the Tesla electric car, can not completely charge the batteries in a day, but can ‎significantly reduce the cost of fuel and the electrical grid’s energy consumption. Applications ‎for the production of Beam Global can also be used in the northern areas, such as providing ‎battery charging in the cold season, when an electric car in the parking lot spends energy on ‎battery and interior heating.‎

But despite the impressive growth past year, Beam Global (BEEM) shares were down -24.36% ‎to $55.81 on first trading of the current year..‎

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