Beam Global CEO Anticipates 330% Growth in Electric Marine Sector in Next Decade

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Beam Global ($NASDAQ:BEEM) is an American company specializing in the design, assembly, and distribution of all-electric personal watercraft. Recently, the company placed an order for $847k worth of Beam Global’s energy storage solutions to power their recreational watercraft. The battery packs are equipped with Beam Global’s PCC thermal management technology, which provides improved safety, greater energy density, and extended life. In light of this news, Beam Global CEO expressed his optimism towards the electric marine sector’s growth in the coming decade. This growth is likely due to the increasing popularity of sustainable marine technologies, as well as government policies that incentivize the adoption of electric marine vessels. In order to capitalize on this opportunity, Beam Global is investing heavily in research and development (R&D) initiatives. This includes the development of new battery technologies that can reduce the cost of electric propulsion systems while maintaining safety and performance.

Additionally, Beam Global is working to expand its product portfolio by offering a wider range of energy storage solutions for various marine applications. With its innovative technologies and strategic investments, Beam Global is well-positioned to capitalize on the expected growth in the electric marine sector. The company’s CEO is confident that this growth will create significant opportunities for the company in the coming years. If successful, Beam Global could become a major player in the electric marine sector, providing customers with reliable and cost-effective energy storage solutions.

Price History

On Tuesday, BEAM GLOBAL opened at $18.3 and closed at $17.7, down 2.5% from its prior closing price of $18.2. Thomas has cited the growing awareness of environmental issues as the primary factor driving the sector’s growth. He believes that the electric marine industry is primed to take advantage of the growing demand for more eco-friendly solutions to maritime transportation.

In addition, he has pointed to technological advancements and the increasing availability of electric marine technologies as other potential catalysts for growth. Thomas also believes that BEAM Global is well-positioned to capitalize on these trends. The company has taken steps to strengthen its electric marine products and services, including investing in research and development and expanding its portfolio of offerings. Furthermore, BEAM Global has established relationships with key stakeholders in the industry, such as shipbuilding companies, technology providers, and research institutions. In conclusion, despite the recent dip in stock prices, BEAM Global CEO Robert Thomas remains optimistic about the future of the electric marine sector. With growing awareness of environmental issues and technological advancements, Thomas believes that the industry is well-positioned for significant growth over the next decade. Through investments in research and development, expanding its portfolio of offerings, and maintaining strategic relationships with key industry players, BEAM Global is well-prepared to take advantage of this growth and remain a leader in the electric marine industry. Live Quote…

About the Company

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VI Analysis

Company fundamentals are a key factor when it comes to assessing the long-term potential of an investment. Analyzing the financial and business aspects of a company can be time consuming, but the VI App simplifies this process. According to the VI Risk Rating, BEAM GLOBAL is a high risk investment. This can be attributed to the 5 risk warnings detected by the app in areas such as the income sheet, balance sheet, cashflow statement, non-financial and financial journals. Investors should consider all of these risks when evaluating an investment, and use the data provided by the VI App to make an informed decision. The app provides a comprehensive overview of the company’s financials and business performance, allowing investors to assess their risk level and decide if it is worth investing in the company. The VI App is an invaluable tool for investors looking for a quick and easy way to assess the risk level of an investment. It provides an objective and comprehensive review of a company’s financials and business performance, allowing investors to make an informed decision when it comes to long-term investments. Registering with the app allows users to access more information and gain a deeper insight into the company’s fundamentals. More…

VI Peers

In the fight to go green and provide sustainable energy, Beam Global and its competitors are vying for the top spot. Solar energy is becoming increasingly popular as an eco-friendly alternative to traditional forms of energy. As more and more people are looking to reduce their carbon footprint, solar companies are seeing a surge in demand for their products. Beam Global is one of the leading solar energy providers in the United States, but it faces stiff competition from other companies such as Go Solar USA Inc, Universal Solar Technology Inc, and Enphase Energy Inc.

– Go Solar USA Inc ($OTCPK:GSLO)

Solar power is one of the most promising renewable energy sources available today. Solar photovoltaic (PV) panels convert sunlight into electricity, making solar power a clean, emissions-free alternative to fossil fuels. Solar power is also becoming increasingly cost-effective as technology advances and more businesses and homeowners adopt solar PV systems.

Go Solar USA is a leading provider of solar PV systems for residential and commercial customers. The company has a strong track record of delivering quality solar PV systems and providing excellent customer service. Go Solar USA’s market cap is $294.42 million and its ROE is 8.3%. The company is well-positioned to continue growing its business and expanding its reach in the solar PV market.

– Universal Solar Technology Inc ($OTCPK:UNSS)

solar technology company that designs, manufactures and sells a range of photovoltaic products, including solar cells, modules, systems and related products. The Company’s products are used in a variety of applications, including residential, commercial, industrial, governmental and military. Universal Solar Technology Inc has a market cap of 1.44M as of 2022, a Return on Equity of 0.89%. The company’s products are used in a variety of applications, including residential, commercial, industrial, governmental and military. Universal Solar Technology Inc is committed to providing solar products that are reliable, efficient and cost-effective.

– Enphase Energy Inc ($NASDAQ:ENPH)

Enphase Energy Inc is a publicly traded energy technology company headquartered in Fremont, California. The company’s core product is its Home Energy Solution, a solar power system that uses microinverters to convert direct current (DC) electricity generated by photovoltaic panels into alternating current (AC) electricity.

As of 2022, Enphase Energy Inc has a market cap of 34.06B and a Return on Equity of 58.92%. The company’s core product is its Home Energy Solution, a solar power system that uses microinverters to convert DC electricity generated by photovoltaic panels into AC electricity. Enphase Energy Inc has a strong focus on innovation and technology, which has resulted in a highly efficient and reliable product. The company’s mission is to make solar power more affordable and accessible to everyone.

Summary

Beam Global, a leading electric marine sector provider, is anticipated to experience a 330% growth over the next decade. This potential growth is based on their expanding electric products portfolio and increased customer demand. The company is a leader in the industry and is well positioned to capitalize on this growth.

Investors should consider investing in Beam Global to reap the rewards of the potential growth in the sector. The company has a strong track record of success and is well-positioned to continue its momentum in the coming years.