Beam Global Secures Order for Energy Storage Solutions to Power Industrial Robotics Platform with Patented PCC Thermal Management Technology.

March 1, 2023

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Beam Global ($NASDAQ:BEEM) is proud to announce that it has secured an order for its energy storage solutions to power an industrial robotics platform from a reputable company. This advanced technology ensures superior safety, excellent energy density, and extended battery life. In addition to the quality of the technology, Beam Global has produced the lithium-ion batteries in their Broadview Illinois facility, giving them a competitive edge in the industry. The batteries boast excellent efficiency and provide superior portability and durability while in use.

Furthermore, the company is devoted to providing superior customer service and only delivers the best quality products. Overall, Beam Global has created a product that is sure to meet the rigorous demands of industrial robotics operations. With excellent safety features, extended battery life, and remarkable energy density, Beam’s energy storage solutions are sure to be a reliable source of power for years to come.

Stock Price

On Tuesday, BEAM GLOBAL, the energy storage solutions provider, saw its stock surge to a new high of $16.9, up 2.7% from the previous closing price of $16.4. This marks a significant achievement for BEAM GLOBAL, as its energy storage solutions are its primary product and are now in demand for industrial robotics applications. The successful delivery of this order serves as a testament to BEAM GLOBAL’s design and engineering capabilities, as well as its commitment to providing advanced energy storage solutions to customers. It also reaffirms the company’s position as a leader in the market for energy storage solutions, helping to shape the future of the industry. Live Quote…

About the Company

  • Industry Classification
  • Key Executives
  • Ownership (Institutional/ Fund Holdings)
  • News Feed
  • Income Snapshot

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

    Total Revenues Net Income Net Margin
    17.59 -13.89 -79.0%
  • Income Statement Reports (Yearly/ Quarterly/ LTM)
  • Income Supplement
  • Growth Performance
  • Cash Flow Snapshot

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

    Operations Investing Financing
    -16.97 -1.69 0.26
  • Cash Flow Statement (Yearly/ Quarterly/ LTM)
  • Cash Flow Supplement
  • 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
    42.78 13.24 2.93
  • Balance Sheet (Yearly/ Quarterly)
  • Balance Sheet Supplement
  • 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
    42.2% -78.9%
    FCF Margin ROE ROA
    -101.5% -26.5% -20.3%
  • Income Statement Ratios
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  • Analysis

    G o o d W h a l e c o n d u c t e d a n a n a l y s i s o f B E A M G L O B A L ‘ s f u n d a m e n t a l s a n d c l a s s i f i e d i t a s a ‘ c h e e t a h ‘ b a s e d o n i t s S t a r C h a r t . A c h e e t a h i s a t y p e o f c o m p a n y t h a t h a s a c h i e v e d h i g h r e v e n u e o r e a r n i n g s g r o w t h , b u t i s c o n s i d e r e d l e s s s t a b l e d u e t o l o w e r p r o f i t a b i l i t y . G i v e n t h i s d e s c r i p t i o n , B E A M G L O B A L i s n o t p a r t i c u l a r l y s t r o n g i n t e r m s o f d i v i d e n d a n d p r o f i t a b i l i t y , b u t i t i s s t r o n g i n t e r m s o f a s s e t a n d g r o w t h . I n v e s t o r s w h o a r e i n t e r e s t e d i n h i g h – g r o w t h c o m p a n i e s m a y b e i n t e r e s t e d i n B E A M G L O B A L . H o w e v e r , d u e t o i t s l o w p r o f i t a b i l i t y a n d h e a l t h s c o r e s , i n v e s t o r s s h o u l d a l s o a p p r o a c h t h e c o m p a n y w i t h c a u t i o n a n d c o n s i d e r i t s s t a b i l i t y b e f o r e i n v e s t i n g i n i t. More…

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  • Valuation Analysis


  • 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 energy storage solutions, has announced a new large order to power an industrial robotics platform. Investors should take note of the potential this order holds for Beam Global, as the growing robotics industry offers potential for further production and sales. Further, the success of the PCC Thermal Management Technology in this instance may open up opportunities for other potential customers in the future. Beam Global appears to be well-positioned to capitalize on growth in the robotics industry.

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