Beam Global Secures Purchase of Multiple EV ARC Charging Systems from New Jersey Treasury
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 08 2026
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Beam Global announced that the New Jersey Department of the Treasury has purchased multiple EV ARC off-grid electric vehicle charging systems through a competitive public bid utilizing Beam Global's General Services Administration Multiple Award Schedule Contract. This marks the third New Jersey state division to deploy EV ARC systems, following prior deployments by the New Jersey Department of Environmental Protection and the New Jersey Department of Transportation. The systems are being used to support workplace EV charging and energy security for government operations, generating and storing their own renewable electricity to enable rapid deployment without construction, trenching, or a utility grid connection.
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Analyst Views on BEEM
Wall Street analysts forecast BEEM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEEM is 3.50 USD with a low forecast of 3.50 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.720
Low
3.50
Averages
3.50
High
3.50
Current: 1.720
Low
3.50
Averages
3.50
High
3.50
About BEEM
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. The Company develops designs, engineers, manufactures, and sells renewably energized infrastructure products for electric vehicle (EV) charging. It also manufactures steel structures with electronic integration such as street lighting, cell towers and energy infrastructure products, as well as power electronics including invertors, charge controllers, power supplies and light-emitting diode (LED) lighting. Its product offerings include EV ARC Electric Vehicle Autonomous Renewable Charger, Solar Tree Direct Current Fast Charge (DCFC), EV ARC DCFC, BeamSpot, BeamBike, BeamPatrol, BeamWell, and UAV ARC. Its EV ARC Electric Vehicle Autonomous Renewable Charger is a patented infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Beam Global Secures New Patent in Europe
- Patent Expansion: Beam Global has secured a new patent from the European Patent Office covering its Smart Phase Change Composite (PCC™) material, which supports its geographic expansion and customer diversification strategy in Europe.
- Technical Advantage: The newly patented PCC™ material effectively manages lithium-ion battery temperatures in extreme environments, enhancing battery safety, reliability, and performance, thereby strengthening the company's competitive edge in electric transportation and clean energy.
- Market Significance: CEO Desmond Wheatley emphasized the critical importance of the European market for their products, stating that protecting their competitive advantage there is as vital as in the U.S., and this patent win will positively impact the company and its shareholders.
- Application Areas: Beam Global's battery solutions are widely used in advanced technology sectors such as robotics, drones, and electric mobility platforms, where high reliability is crucial, and the advantages of PCC™ material will further solidify the company's market position.
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Beam Global Sells 10 EV ARC™ Charging Systems in New York Residential Development
- Sales Growth: Beam Global's sale of 10 EV ARC™ charging systems at a New York residential development marks its largest sale to date in this sector, reflecting strong customer diversification achieved in 2025 with significant demand growth from commercial clients.
- Market Demand: The EV ARC™ systems provide on-site charging solutions for residents without the complexities of traditional infrastructure, addressing urgent needs for rapid deployment in densely populated urban environments.
- Increased Flexibility: Unlike fixed installations, the mobility of EV ARC™ systems offers property owners greater flexibility to adapt to changing parking layouts and tenant needs, enhancing property appeal and value.
- Strategic Shift: CEO Desmond Wheatley highlighted the increasing interest from residential and commercial developers, indicating a strategic pivot for Beam Global to tap into the vast market of tens of millions of apartments and condominiums in the U.S. that have previously been under-addressed.
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