With over 0.43 million Beam Global (BEEM) shares trading Monday and a closing price of $13.18 on the day, the dollar volume was approximately 0.43 million. The BEEM shares have shown a positive weekly performance of 5.10% and its price on 01/31/22 gained nearly 19.71%. Currently, there are 8.92M of BEEM common shares owned by the public and among those 7.55M shares have been available to trade. BEEM stock surged following significant EV spending commitments by California State.
How might this benefit Beam Global?
Beam Global (BEEM) is a CleanTech pioneer that produces creative, reasonable innovation for electric vehicle (EV) charging, outside media, and energy security, without the development, disturbance, dangers, and expenses of lattice-tied arrangements. BEEM items incorporate the protected EV ARC and Solar Tree lines with BeamTrak licensed sun-powered following, and ARC Technology energy stockpiling, alongside EV charging, open-air media, and fiasco readiness bundles. BEEM creates, licenses, plans, architects and makes a novel and progressed sustainably invigorated items that set aside clients’ time and cash, help the climate, engage networks and keep individuals moving.
Pillar Global (BEEM) before the end of last week reported a record 2021 sending development of its leader EV ARC charging frameworks requested through the California Department of General Services (DGS) which improves on the acquirement interaction for qualified elements.
- State and local government organization acquisition of EV ARC reasonable EV charging frameworks through DGS in 2021 expanded by 317% over the earlier year.
- Expanded EV charging foundation spending in California, and different states and at the government level are adding to a quick expansion in the jolt of transportation.
- With a record number of new electric vehicles in the light-, medium-and uncompromising classes coming to showcase in 2022, the requirement for a quickly sent EV charging framework has never been higher.
- Beam Global (BEEM) accomplished record 2021 development in this market climate and the Company expects this development pattern to proceed.
- California Governor Gavin Newsom introduced a $286.4 billion spending plan proposition, named the “California Blueprint,” this month.
- The arrangement recommends burning through $22.5 billion to address the expanding environment emergency in the state, dispensing $6.1 billion to electric vehicle-related drives.
- California additionally turned into the primary state to focus on viably forbidding deals of new, gas-powered motor or internal combustion vehicles by 2035.
- Last year California made the DGS contract vehicle accessible to different states in the U.S. also more than a modest amount of those DGS contract buys come from outside of California.
- Drives for growing EV charging foundation across the U.S. keep on acquiring energy.
How BEEM is probably going to get the advantage of this?
Huge California spending responsibilities and BEEM’s California contract, joined with the significantly more material government spending responsibilities and the organization’s GSA contract, lead Beam Global (BEEM) to accept that 2022 can be one more record year far beyond anyone’s expectations. BEEM gives the quickest conveyed and most versatile framework arrangement accessible today and it empowers every one of the significant brands of EV chargers.
