Beam Global Secures Additional Orders from Local Governments
December 21, 2023
☀️Trending News
Beam Global ($NASDAQ:BEEM), a leading provider of cutting-edge products and services for the public sector, is pleased to announce that it has secured additional orders from local government authorities. This is great news for the company, as it demonstrates the confidence the local governments have in its services. Beam Global has been working with public sector authorities since its inception. It offers a range of products and services that assist with the day-to-day running of local government operations. This includes everything from software solutions to help manage budgets and resources to innovative hardware designed to improve public safety.
The additional orders from local governments are a testament to Beam Global’s commitment to delivering high-quality solutions to the public sector. This will ensure that the company continues to provide the best possible services and products to local authorities. Overall, Beam Global’s increased orders from local government authorities demonstrate its strong presence in the public sector. With its cutting-edge solutions and commitment to excellence, Beam Global is well-equipped to help local governments maximize their efficiency and effectiveness in serving their communities.
Share Price
On Wednesday, BEAM GLOBAL, a leading provider of energy solutions, announced that it had secured additional orders from local governments. This news sent the company’s stock price soaring, opening at $6.3 and closing at the same price, down by 1.8% from its last closing price of 6.4. BEAM GLOBAL’s success in securing additional orders from local governments is an indication of the company’s strength and capabilities in providing innovative energy solutions. The new orders will add to the company’s portfolio of energy solutions and reinforce its position as a leader in the industry.
With these additional orders, the company will be well-positioned to expand its reach even further and serve more customers. This news is a testament to the company’s commitment to provide high-quality and reliable energy solutions for its customers. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Beam Global. More…
| Total Revenues | Net Income | Net Margin |
| 55.22 | -18.8 | -34.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Beam Global. More…
| Operations | Investing | Financing |
| -16.16 | -1.05 | 27.28 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Beam Global. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 62.83 | 12.6 | 3.53 |
Key Ratios Snapshot
Some of the financial key ratios for Beam Global are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 130.6% | – | -34.0% |
| FCF Margin | ROE | ROA |
| -31.2% | -22.7% | -18.7% |
Analysis
GoodWhale has conducted an examination of BEAM GLOBAL‘s fundamentals and found the company to be strong in asset growth and weak in dividend and profitability. We classify this company as a ‘cheetah’, which means that it has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This type of company may be interesting for investors who are looking for high-growth stocks, but they should be aware of the risks associated with a lower profitability score. Additionally, BEAM GLOBAL has a low health score of 3/10 with regard to its cashflows and debt, which implies that it may be less likely to sustain future operations in times of crisis. 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 is a company that has seen a surge in orders from county-level government entities recently. This has been a positive development for investors, as the increased demand indicates a good return on their investments. Analysts have noted that Beam Global has been able to tap into a large pool of potential customers, as well as operate efficiently in order to make the most of these opportunities.
With a healthy balance sheet and no debt on the books, Beam Global has positioned itself to continue to be a competitive player in the industry. The company’s future prospects look promising, with potential for future growth and return on investment should it continue to capitalize on current trends.
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