Skip to main content

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

OK Cancel

Back to top

Beam Global Receives Fourth EV ARC Order from City of Dallas for Off-Grid EV Charging Systems

Beam Global received a follow-on order for ten EV ARC™ systems from Dallas to enhance the City's EV charging infrastructure.

Quiver AI Summary

Beam Global has announced a follow-on order from the City of Dallas for ten of its EV ARC™ off-grid, solar-powered electric vehicle charging systems, set to be deployed in the third quarter. This marks the fourth deployment of these systems by the City since their initial order in April 2025, demonstrating their ongoing commitment to sustainable, resilient charging infrastructure. The EV ARC™ systems require no construction or electrical permitting, generating their own renewable electricity and ensuring reliable charging without utility dependency. Beam Global's CEO, Desmond Wheatley, emphasized the unique capabilities of Beam's products and their relevance amidst rising energy costs and global instability. The systems support Dallas's goals for fleet electrification while promoting efficient, environmentally friendly technology.

Potential Positives

  • Beam Global secured a follow-on order from the City of Dallas for ten additional EV ARC™ charging systems, highlighting ongoing customer commitment and expanding market presence.
  • The deployment of their systems emphasizes Beam Global's reputation for providing innovative and sustainable EV charging infrastructure that is rapidly deployable and operates independently of the utility grid.
  • This order represents the City of Dallas' fourth purchase of Beam's EV ARC™ systems, demonstrating the city's continued investment in sustainable infrastructure and validating the effectiveness of Beam's products.
  • CEO Desmond Wheatley expressed confidence in Beam's capabilities and the relevance of their products in the current market, indicating potential for continued sales growth as the electrification of transportation expands.

Potential Negatives

  • Reliance on government contracts, such as the one with the City of Dallas, can create vulnerabilities if public sector funding fluctuates or policy changes occur.
  • Forward-looking statements and disclaimers indicate uncertainty in future performance, which may raise concerns among investors about the company's growth outlook.
  • The press release does not disclose any potential challenges or competition the company may face in the rapidly evolving EV charging market, which could appear as a lack of transparency about risks.

FAQ

What is Beam Global known for?

Beam Global is a leading provider of sustainable infrastructure solutions for electric vehicle charging, energy storage, and smart city infrastructure.

How many EV ARC™ systems did Dallas order?

The City of Dallas placed a follow-on order for ten EV ARC™ off-grid, solar-powered electric vehicle charging systems.

When will the EV ARC™ systems be deployed?

The EV ARC™ systems are set to be deployed in the third quarter of 2026.

What advantages do EV ARC™ systems offer?

EV ARC™ systems provide off-grid, rapidly deployable charging solutions without the need for construction or grid connection.

How can I learn more about Beam Global's products?

For more information, visit BeamGlobal.com or contact BeamTeam@BeamForAll.com for inquiries.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.


$BEEM Revenue

BEEM Quarterly Revenue

$BEEM had revenues of $3.1M in Q1 2026. This is a decrease of -50.54% from the same period in the prior year.

You can track BEEM financials on Quiver Quantitative's BEEM stock page.

You can access data on BEEM stock through the Quiver Quantitative API.

$BEEM Hedge Fund Activity

We have seen 15 institutional investors add shares of $BEEM stock to their portfolio, and 15 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BEEM Analyst Ratings

Wall Street analysts have issued reports on $BEEM in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

  • Freedom Broker issued a "Buy" rating on 03/23/2026

To track analyst ratings and price targets for $BEEM, check out Quiver Quantitative's $BEEM forecast page.

Full Release

SAN DIEGO, July 28, 2026 (GLOBE NEWSWIRE) -- Beam Global (Nasdaq: BEEM ), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation, energy storage and security, and smart city infrastructure, today announced that it has received a follow-on order from the City of Dallas for ten EV ARC™ off-grid, solar-powered electric vehicle (EV) charging systems. The systems will be deployed in the third quarter to support the charging of the City's EV fleet.

This latest order marks the City of Dallas' fourth separate deployment of Beam Global EV ARC™ systems since its initial purchase in April 2025, reflecting the City's continued investment in resilient, sustainable charging infrastructure and validating the unique value of EV ARC™ systems. The purchase was made through Beam Global's U.S. General Services Administration (GSA) Multiple Award Schedule (MAS) Contract.

The EV ARC™ systems provide rapidly deployable EV charging infrastructure without the need for construction, trenching, utility grid connection or electrical permitting. Each system generates and stores its own renewable electricity, enabling dependable EV charging while reducing emissions, avoiding utility costs and providing operational resilience during grid outages or emergency situations.

“We are delighted to continue to serve the City of Dallas and to provide them with our unique and compelling products,” said Desmond Wheatley, CEO of Beam Global. “With thousands of EV ARC™ systems deployed across the U.S., Europe and the Middle East and 15 years of successful field operations with this product, we can say with confidence that no one can match our capabilities. Beam Global’s portfolio of products has never been more relevant. No EV ARC™ owner or user has seen an increase in their fuel costs due to inflation, shortages or geopolitical instabilities such as those we are seeing in the Gulf today. Our battery solutions are powering drones, defense and military applications, and AI-driven robotics. Our communications, energy and smart cities solutions are making cities safer and more efficient. We anticipate continued acceptance and growth in sales of our products as the electrification of transportation continues to expand globally.”

The City of Dallas continues to expand its EV charging capabilities with infrastructure designed to be rapidly deployed, relocated when necessary, and operated independently of the utility grid. Beam Global's EV ARC™ systems provide an immediate charging solution that minimizes site disruption while supporting the City's long-term fleet electrification objectives.

For more information about Beam Global's sustainable EV charging solutions, visit www.BeamForAll.com or contact BeamTeam@BeamForAll.com .

About Beam Global
Beam Global is a sustainable technology innovator which develops and manufactures infrastructure products and technologies. We operate at the nexus of innovative and reliable energy, transportation and smart cities solutions with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage, energy security and intelligent Infrastructure. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced innovative technology solutions that power transportation, provide secure sources of electricity, enable smart sity services, save time and money, and protect the environment. Beam Global is headquartered in San Diego, CA, with facilities in Yuma, AZ; Broadview, IL; Belgrade and Kraljevo, Serbia; and Abu Dhabi, UAE. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com , LinkedIn , YouTube , Instagram and X .

Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com

Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com


Read full article here »

In-Depth Zacks Research for the Tickers Above

Normally $25 each - click below to receive one report FREE:

Beam Global (BEEM)