Beam Global (BEEM) Secures Dallas Order for Seven New EV ARC Units

Beam Global (NASDAQ:BEEM) is one of the best EV charging stocks to buy now. Maxim Group reaffirmed its Buy rating on Beam Global (NASDAQ:BEEM)’s shares on November 18.

Beam Global (BEEM) Secures Dallas Order for Seven New EV ARC Units

In a separate update, on November 19, Beam Global revealed that the City of Dallas placed an order for seven additional EV ARC sustainable electric vehicle charging systems. This move marks the city’s third deployment of this technology and its fourth overall purchase from the company. According to Beam, the new systems will charge Dallas’s expanding municipal EV fleet, as part of efforts to build resilient off-grid charging capacity for daily operations and emergency response.

Beam stated that each EV ARC unit is a transportable, solar-powered charger that generates and stores its own clean electricity. And that the order was processed through the US General Services Administration (GSA) Multiple Award Schedule (MAS) Contract. Commenting on the transaction, Beam CEO Desmond Wheatley stated, “Our recently renewed GSA contract, and our recently announced Sourcewell contract, enable government organizations to acquire Beam Global solutions without having to go through lengthy and complex bidding processes. They get the fastest deployed charging infrastructure they need in a fraction of the time.”

Beam Global (NASDAQ:BEEM) is a clean technology company specializing in sustainable EV charging infrastructure. It designs, manufactures, and deploys solar-powered charging systems, which generate and store electricity independently of the grid. Beam’s main product is renewable-powered EV charging, combining solar generation, battery storage, and integrated charging hardware.

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Disclosure: None. This article is originally published at Insider Monkey.