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.
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..