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Beam Global (BEEM)

NasdaqCM - NasdaqCM Real-time price. Currency in USD
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26.54-3.67 (-12.15%)
At close: 04:00PM EST
26.60 +0.06 (+0.23%)
After hours: 07:54PM EST
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  • T
    Tom
    Any ideas on this action? High 30's a few weeks back? Shorts covering and prepping the next run up? Why in mid 20's all of a sudden?
  • A
    ANTHONY
    Wow! What a stock market! BEEM dropped 2 points on a 1000 point smash, and half normal volume. I am still trying to figure out why there are traders short this stock! The upside potential is mind blowing. The new Infrastructure Bill contains the possibility of 600,000 EV charging stations. Since it is a Green bill they need to install EV charging stations that are Green friendly. Beam Global’s solar powered charging products are the answer. 50,000 units, 12% of the 600,000 units of the Bill would be a $250,000,000 sales order! Do the math.
  • C
    Carpe Diem
    The company continues to receive orders faster than it delivers ARC systems to customers. $2 mm revenue in Q3 is high % growth from a yer ago, but not a record quarter and way under what revenues should be had production ramped up to the supposed capacity which is 2-3x this level. The PR artfully dances around the disappointing results where the company is still selling systems for below COGs and receiving tiny deposits on orders. Citing a microcap shill site's meaningless award is an amateur move -- "Beam Global declared Hall of Fame Top 50 performer by LD Micro." Notwithstanding my negative sentiment, the BEEM will probably catch a nice piece of the Infrastructure money and is less blindly overvalued than companies like Blink, Tesla, Rivian and Chargepoint.
  • D
    Dennis
    be glad the stock is "leaning" out. Let the shorts fall off so we can take this stock 8x. Hold Strong and pull out enough profits to take your spouse to a fancy restaurant after the doubles up. 🥂 we'll see Beam start moving next week, enjoy the Holiday.
  • A
    Alek
    A tiny market cap of $253 Million for a multi-billion dollar business in the making and a great product already on the market.
  • S
    Sunny
    This quarter will be excellent revenue wise. Wouldn't be surprised if we do more revenue in this quarter alone than entire year especially as the 52 arc order from California should be converted for the upcoming report
  • A
    ANTHONY
    I don’t know anything but I believe some major companies will see Beam Global and figure out that they can get in the EV business future by acquiring Beam for $500-750 million (chump change). How about APPL or Chevron? Ford, GE, Volvo , Volkswagen of America? Anyone of them can use their postage budget to grab this gemstone! BEEM has the potential to sell 200,000 units @ $50,000 each = $10 Billion
  • C
    Carpe Diem
    "Q3 numbers weren't anything to write home" is an understatement. The story I see in the financials is about a company struggling to scale up and failing to show progress. There is no finished-goods inventory (no surprise, they ship immediately) but WIP is surprisingly low for a company with growing backlog. Investment in factory equipment has not increased much in 2021. There was a large increase in autos -- perhaps they bought a custom delivery truck for the Arc systems or they bought cars for Desmond. The COGs continues to exceed revenue. If current management can't deal with the production issues, it's time to find people who can.
  • A
    ANTHONY
    I have been waiting too long! Beam Global needs a marketing strategy. Great patents/products but no marketing plans! You can not sit and wait for someone to show up at the front door.
  • T
    TobeorNot
    $7.5B Infrastructure bill money for "GREEN" EV chargers + 3rd Quarter report + current short position on stock = over $100 soon. I personally can't see any other outcome than that, all the ingredients are there for this stock to go up substantially. I believe it will be a very good month for Beam if the markets are at least stable.
  • T
    TobeorNot
    Just want to quickly clarify a few things here because it seems many on this forum are a little short sighted on the huge potential of this company. First, as we are all aware, the Q3 financials weren't spectacular and i don't think anyone expected them to be. I think it's a little harsh to judge the company's performance based on a single, abnormal quarter where every business in the whole world is just coming out from a major global crisis.

    Considering that the company relies on a very specific, specialized & limited supple chain, which originates from 2 or 3 places in the whole world, i don't think folks should criticize them or put too much blame on them for the issues their having. If anyone has seen that interview with Volvo, it should become apparent that Beam & Mr. Wheatley build extremely high-end product & only put the highest quality components in what they sell. These my friends are not easily accessible & suppliers have been very careful and stringent to who they sell to or prioritize. Between you & i, i don't believe for a minute that any of these suppliers has Beam as their preferred client or top priority.

    In addition, please put yourself in Desmond's shoes. If you don't have significant orders to maintain & keep your current workforce occupied for any length of time, why would you rush to build them asap when you don't need to? That type of thinking will only lead to Beam workers, having no work IF the orders don't keep flowing in at a steady & significant rate. And as we've witnessed, many of the orders Beam has gotten so far are in the single digits with many customers just buying one unit. This is far from the expectations people have which will justify Beam ramping up or accelerating productivity. I think Mr. Wheatley's line of though here is to just keep supplying his workforce with steady work at a reasonable pace so they're not inactive for too long which will lead to massive turnover rates. I really believe Desmond is being smart here not to churn out to quickly.

    Also, If folks want to actually compare Quarterly's, look at Blink's Q3 and the loss they had. Blink's Q3 wasn't much better than Beam's and if one goes back about year, you'll notice a lot of similarities between Blink late 2020 financials & Beam's current ones. Basically, Beam is at the point now where Blink was about a year ago. If you look at Blink financials back then, imo they were worse than Beam's 2021 Q3. The fact is that Beam is about a year behind in terms of progress & production when compared to Blink. And remember folks, at that time Blink had a cap of about $550M & a share price of $6, just a year ago. It's all about perspective & patience folks, you got to have noth if you wish to profit from this investment.
  • S
    Sunny
    Wow poor revenue numbers super disappointed they really need to ramp up production if they want to stand a chance.
  • F
    FatherTruff
    Leon County’s Sheriff’s Office in Tallahassee Florida has deployed the EV ARC™ solar-powered EV charging system to charge department fleet EVs.
  • R
    Richard
    Q3 revenue is disappointing. I really like the product and believe they will sell a lot of units in the next few years. Path to profitability requires economies of scale. This is a long term investment.
  • R
    Randall
    Volvo is going to be very big
    It looks like it will make up half there rev soon
    Beem is working on special arcs for there larger machines that runs on 600 volt
    90$ in one year or less is where i see beem
  • A
    Alek
    I wonder which EV manufacturer will be the first to include the receiver for inductive charging. When I heard that described I thought, this is it. This is where we are going. All cars will have this someday.
  • S
    Sunny
    https://www.youtube.com/watch?v=OOk05iJig00
    I'd suggest watching this. Desmond mentions wireless charging.
    Electric Construction Equipment Charging: Your Top Questions Answered
    www.youtube.com
  • B
    Bunny
    The big winner from infrastructure bill
  • T
    TobeorNot
    This is the only stock i know that is constantly getting a regular & increasing demand for their products, keeps improving their financial situation as they move forward, is continuously expanding in new & exciting markets, is growing their client base exponentially AND could possibly have THE solution in solving a major energy/pollution problem in the country BUT their stock price fails at every turn, stuck in an imaginary pool of thick mud, unable to break free. I wonder why that is? I think we all know why, question is really if those plugging the leaks in the dam on other side are ready to give in?

    On a side note, i strongly urge BEEM shareholders and curious but not "sold yet" investors to visit the link Sunny has posted below. This is a video of a recent interview of BEEM Ceo Desmond Wheatley & a Volvo rep discussing future products & projects. Trust me when i tell you this is a must see for anyone with a vested interest here or this sector. Mr. Wheatley shines greatly here and has a masterful command of both knowledge of the industry, his company and product. I do not think we could have had a better insight into the company & the competency of management than this short clip.

    Though i was fully aware of the company's current situation, both on the operational & financial side, and there wasn't much said that i didn't already know, there were still things expressed here that even shocked me. In a very positive way of course. As there are too many to mention and i strongly suggest you see the video for yourself, i'll just say that the mobility & resilience of product combined with the real prospect of induction!!!! charging in the not to distant future.....shocked me! BEEM is so far ahead of the curve than anyone i know in this industry that it's not even funny. Like Tesla type leaps ahead.

    Anyway folks, see it for yourselves, i strongly advise it if you wish to remain invested & informed in this company.
  • T
    TobeorNot
    Q3 results are out, could be a mixed bag for some but i consider this a growth company with lots of potential. So in other words normal financials for a booming company who's in the midst of explosive growth in a new & revolutionary sector. For those interested in looking over the Q3 numbers, link below.

    https://finance.yahoo.com/news/beam-global-reports-fiscal-q3-213500137.html