SAN DIEGO, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q2 2024 operating results on Tuesday, August 13, 2024 after the market closes. Management will host a conference call on Tuesday, August 13, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Follow ...

Core Insights - The increasing demand for electric vehicle (EV) charging stations is driving investments from both public and private sectors, which is expected to boost EV charging stocks [1][2]. Industry Overview - Automakers such as BMW, General Motors, Honda, Hyundai, Kia, Mercedes-Benz, and Stellantis are collaborating to establish a network of 30,000 new EV charging stations across North America [2]. - BP plans to invest $1 billion in EV charging infrastructure in the U.S. by 2030 to support the demand for EV rentals from Hertz [2]. Consumer Sentiment - A significant barrier to EV adoption is the lack of public charging stations, with approximately 77% of potential buyers citing this as a concern [3]. Investment Opportunities - EVgo (NASDAQ:EVGO) has seen its stock price rise from around $1.66 in April to $3.71, with potential for further gains if it surpasses resistance at $4.09 [4]. - Analysts at Benchmark have raised EVgo's price target from $3 to $5, citing increased utilization of charging networks and positive market sentiment [5]. - Beam Global (NASDAQ:BEEM) reported new second-quarter orders of $10.6 million, a 128% year-over-year increase, and is considered a strong buy [6][7]. - Blink Charging (NASDAQ:BLNK) is currently trading between $2.30 and $3.75, with potential to reach $7 as EV charging momentum grows [8][9]. Financial Performance - Beam Global reported a revenue of $14.6 million, up 12.1% year-over-year, although it missed estimates by $4.71 million [7]. - Blink Charging's first-quarter revenue increased by 73% to $37.6 million, with product revenue up 68% to $27.5 million [10].

On the date of publication, the responsible editor did not have (either directly or indirectly) any positions in the securities mentioned in this article. Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio. Market size is estima ...

Of course, such an attitude comes with it extraordinary risks. If an enterprise was predictable, guess what? It's probably not a small cap but a mid-tier or even blue-chip entity. But you're not going to get extreme growth with such ideas. For those that can truly handle the heat, below are breakout stocks to consider. Based in San Diego, California, Beam Global (NASDAQ:BEEM) falls under the solar technology ecosystem. Recently, the company has gained a lot of attention – indeed, BEEM stock is absolutely fl ...

Core Insights - Beam Global has announced that its Beam AllCell™ energy storage solutions have been selected by a leading provider of solar-powered Transport Refrigeration Units (TRUs) [1][2] - The CEO of Beam Global, Desmond Wheatley, emphasized the growth opportunities in the energy storage space and the company's commitment to uncovering new revenue streams through electrification in transportation [2] Company Overview - Beam Global is a clean technology innovator focused on sustainable infrastructure products and technologies, operating at the intersection of clean energy and transportation [2] - The company develops, patents, designs, engineers, and manufactures advanced clean technology solutions that enhance transportation, provide secure electricity sources, and promote environmental protection [2] Market Context - The California Air Resources Board (CARB) has launched the Clean Off-Road Equipment Voucher Incentive Project (CORE) to incentivize the purchase or lease of zero-emission freight equipment, including TRUs, by providing a streamlined voucher process [4] - The global Refrigerated Trailer market was valued at USD 4.2 billion in 2023 and is projected to grow to USD 6.3 billion by 2030, driven by government initiatives and increasing consumer awareness in North America and Europe [6] Product Technology - Beam AllCell™ energy storage solutions utilize patented PCC™ technology, which allows for more power in a smaller, lighter battery while providing advanced thermal management to enhance safety and efficiency in various environments [7]

Purchase orders up 128% year-over-year with over half of U.S. orders from new customers Beam Global ships first EV ARC™ systems for UK Ministry of Defence (MOD) from European facility Beam Global CEO Desmond Wheatley and the Company's executive team to ring the opening bell at Nasdaq today SAN DIEGO, July 02, 2024 (GLOBE NEWSWIRE) -- Beam Global (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announ ...

So, today, I'll zero in on three companies poised to grow alongside the renewable energy sector. To get the list of stocks, I screened the market using the following criteria: I sorted the list based on the latest annual reports' highest to lowest revenue growth. This lets me focus on the stocks that continuously grow their revenue, have Wall Street's stamp of approval, and can potentially ride the trend of the growing transition to a greener economy. Source: Ilija Erceg / Shutterstock The company has recen ...

The weakness of Blink Charging (NASDAQ:BLNK) is also a buying opportunity. After failing at about $3.60, Blink dropped to $2.60, which appears to have found strong support. From $2.60, I'd like to see BLNK initially retest its prior high. Helping, the company says it's a step closer to being an EV charging solutions provider to the U.S. government. It now has an "in process" designation from the Federal Risk and Authorization Management Program for EV charging solutions. If Blink becomes the government's of ...

Industry Overview - The deployment of EV charging infrastructure in Vacaville signifies a major shift towards sustainable transportation, with California's EV market share increasing to 25% in 2023 from 18.84% in 2022, representing a record-breaking year for EV adoption [1][9] - California aims to install 1.2 million public and shared private chargers by 2030 to support the growing number of electric vehicles (EVs) [1][5] Company Profile - Beam Global is a clean technology innovator focused on sustainable energy infrastructure and scalable EV charging solutions, with operations in the U.S. and Europe [2] - The company has a deep patent portfolio and is listed on Nasdaq under the symbol BEEM, emphasizing its commitment to clean technology solutions [2] Product Offering - Beam's EV ARC™ systems can be rapidly deployed without the typical delays associated with grid-tied charger installations, making them a viable solution for public charging [1][10] - Each EV ARC™ system is off-grid, powered by 100% renewable energy, and capable of generating and storing clean electricity, thus providing reliable power during adverse weather and outages [10] Strategic Initiatives - The City of Vacaville's order for three EV ARC™ systems aligns with its commitment to sustainable energy and conservation, aiming to reduce greenhouse gas emissions [4][9] - The CEO of Beam Global highlighted the significance of this order as it opens new opportunities for public charging, anticipating a need for 12.5 million EVs and 1.2 million chargers in California by 2035 [5]

Beam Global (NASDAQ:BEEM) Q1 2024 Earnings Conference Call May 21, 2024 4:30 PM ET Company Participants Lisa Potok - CFO Desmond Wheatley - President, CEO and Chairman Conference Call Participants Sameer Joshi - HC Wainwright Tate Sullivan - Maxim Group Chris Pierce - Needham and Company Noel Parks - Tuohy Brothers Christopher Souther - B. Riley Operator Hello and welcome to the Beam Global First Quarter 2024 Operating Results Conference Call. All participants will be in listen-only mode. [Operator Instruct ...