Singapore markets closed

Beam Global (BEEM)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
Add to watchlist
28.41-2.03 (-6.67%)
At close: 4:00PM EDT
28.43 +0.02 (0.07%)
Pre-market: 09:06AM EDT
Sign in to post a message.
  • S
    Sunny
    Navy just purchased 21 units of the ARC! Production capacity now at 4 units per week and aiming for one per day in the near future. My only issue with Beam has always been that is has to up production capacity but these small steps are encouraging with previous quarter being 2-3 ARCS.
  • S
    Sunny
    https://sam.gov/opp/6d9a8436be604d16b03952ee4234e68b/view
    My post keeps getting deleted but here is the link for the order
    SAM.gov
    sam.gov
  • A
    Alek
    I bought into to BEEM today because I see this growing exponentially soon. It's possible it could fold entirely, but the upside potential is very large vs. the risk. The best chance BEEM has is to bring in a lot of public money and scale this operation up. I will not be disappointed by dillution of my shares. They need more cash. The marketing cap is currently way too small for this idea. The market opportunity for a portable charging solution is great. People are will essentially be forced to transition to EVs as the global automobile production converts. Businesses and apartment complexes will be forced to add charging stations in their parking lots and garages to stay competitive. These stations, or something like it, will be everywhere.
  • A
    ANTHONY
    Could it be starting?
  • P
    ParflipE
    How come no one is talking about this. One of the most shorted stocks atm. Im betting big on this.
  • F
    Fedi
    240M Cap
    25M Cash
    75M backlog orders
    10 Baggers potential
  • 💰💰💰
    50% own by institutions
    Blackrock also own it
  • A
    ANTHONY
    Patience grasshopper, Patience! Great things will come in time….
  • D
    David
    You sell it. I will buy more
  • T
    TobeorNot
    Some more news of more orders, link below. So what's really new here? This is nothing new to shareholders BUT i'd like to highlight a few critical points in the release.

    "The system was funded in part by grants from the Santa Barbara County Air Pollution Control District (APCD) and California Governor’s Office of Emergency Services (Cal OES), and was purchased through California Contract #1-18-61-16 which simplifies the procurement process and ensures best pricing."

    "The City of Goleta’s EV ARC™ unit is equipped with a ChargePoint™ Dual Port charger and can power up to 265 e-miles of driving in a day."

    As most of you are aware, Practically 100% of their orders & customers are some form of Gov't. Therefore i assume that when that humongous infrastructure bill is passed, it should green light EVERY local/State Gov't in the country & give themv the go ahead to purchase one of these systems. Another interesting thing to note here, It's a ChargePoint system....again! From a ChargePoint stance, this would be a very attractive & accretive acquisition for them in the future.

    https://finance.yahoo.com/news/city-goleta-ca-orders-beam-120000024.html
  • C
    Carpe Diem
    Desmond is better at generating orders than delivering units to customers. Production last quarter was 2-3 ARC units per week producing just over $2 mm of revenue for the quarter. Desmond told investors the current facility has the capacity to do $4mm per quarter. Is it running at this rate? How will the company deliver on $75 mm backlog if constrained to $4 mm per quarter? The answer -- find an equipment fabricator to contract manufacture the units. Meanwhile ChargePoint and Blink are doing land grabs on EV chargers, so Desmond needs to act fast. The next few years should be great from a percentage revenue growth perspective -- but if they keep selling the units at below cost, this will be risky. COmpanies like Bloom and Capstone sold equipment below cost (negative gross margin) for several years before getting to scale where they could get positive (but hardly great) margins. Beam has a sexy story, but ultimately ROIC matters. There are lots of ways to charge EVs and the ARC system is one alternative that fits a nice niche.
  • A
    ANTHONY
    I can not fathom the amount of shares that are short! Any large orders or extraordinarily good news could send this stock up and I mean way way up!
  • T
    TobeorNot
    Could not find any link for the Navy order some folks mentioned, but that does not mean it isn't real. Maybe some else will have better luck in finding something more substantial on the net regarding that contract. On another note, the trading continues to be laughable and i don't who the MM's are trying to fool with their tactics. That combined with the relentless attacks of autobots with their small lot short sells make this one of the most blatant, heavily shorted & manipulated stock i've ever seen in several decades of investing. No matter. In the long run, this will be a very lucrative investment for the savvy long term investor. If you have enough patience, perseverance & fortitude to hang on here for a little longer, which for me means 1 year+, all this manipulation will make the unavoidable price explosion that much bigger in the coming months. It may even dwarf the $200 target i had set for this year.
  • D
    Daulet
    Important information, yesterday BPT passed the resistance level. recommendation to buy at current prices. potential 350% !!! buy and hold !!!
  • T
    TobeorNot
    Not sure how much this is worth.....release below.....in terms of bottom line BUT it's another front where the company can increase sales & potentially extract more revenue . So at the bear minimum, another notch in the company's belt & another step forward for company recognition across the world.

    https://finance.yahoo.com/news/beam-global-issued-chinese-patent-120000474.html
  • P
    Ploria
    I think I am going to call investor relations and ask how come they are not hiring? What are they doing to increase their production capabilities.
  • A
    ANTHONY
    You might want to check out the Yahoo Finance S & P Global Market Intelligence report on overly short consumer companies. BEEM is mentioned. We may see some upside activity!
  • B
    Bhupinder
    Go to 35
  • R
    Robert
    these chargers are only good at places where people are planning to stay for at least 5+ hours or in remote locations where there are no other options
  • E
    Eddy
    Bought 100 more shares, now holding 700 shares @ $32.66. Thinking to buy at least 50 - 100 more to bring down my avg