Beam Global Sells 10 EV ARC™ Charging Systems in New York Residential Development
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: Globenewswire
- 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.
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.
