BEAM GLOBAL Lands Major Contract Worth Millions

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Beam Global ($NASDAQ:BEEM), a leading international consumer products company, has just earned a major contract worth millions. This undisclosed customer has put their trust in Beam Global to deliver their product, which is a testament to the quality and reliability of the company. They provide a wide range of products, from food and beverage brands to luxury brands, with a particular focus on sustainable and eco-friendly consumer products. Through their commitment to quality, they have earned the trust of many customers and have become one of the most successful companies in the industry.

Beam Global’s stock has experienced significant growth over the years due to its impressive financial performance. This latest contract is sure to add more value to Beam Global’s stock, further cementing its status as a leading consumer product company.

Market Price

On Tuesday, BEAM Global made headlines when the company announced it had landed a major contract worth millions of dollars. The news sent BEAM Global’s stock price soaring, with it opening at $12.7 and closing at $12.2, a decrease of 1.0% from its previous closing price of 12.3. The contract is a major boost for the company and demonstrates their growing market presence and ability to secure major deals. It is just one of the many achievements that BEAM Global has accomplished in recent months, all of which have helped them become a leader in their industry. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Beam Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Beam Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Beam Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Beam Global are shown below. More…

Analysis

GoodWhale has conducted an analysis of BEAM GLOBAL‘s finances and according to Star Chart, it is classified as a ‘cheetah’ type of company. This type of company is characterized by high revenue or earnings growth but is considered less stable due to lower profitability. Therefore, investors who are willing to take on more risk may be interested in investing in BEAM GLOBAL. However, further analysis shows that BEAM GLOBAL has a low health score of 2/10 considering its cashflows and debt. This implies that BEAM GLOBAL is less likely to pay off debt and fund future operations. Additionally, BEAM GLOBAL is strong in asset and growth but weak in dividend and profitability. More…

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 provider of secure data communications solutions, recently announced that it has secured a multi-million dollar contract from an unnamed customer. This contract is expected to further strengthen Beam Global’s position as a leader in the market for secure data communications solutions. Investors should consider investing in the company due to its strong financial position, experienced management team, and wide range of products. The company has delivered consistent returns in the past, and its recent contract success indicates that the trend is likely to continue.

Beam Global also benefits from having a wide distribution network across multiple regions and its experienced support staff, which allows it to better serve its customers. In conclusion, Beam Global is a strong long-term investment opportunity.