Beam Global (BEEM) Staring at Government Orders on GSA Contract Extension

Beam Global (NASDAQ:BEEM) is one of the top wind power and solar stocks to consider for investment, according to analysts. On August 26, the stock was a significant mover following the confirmation of the company’s General Services Administration (GSA) Multiple Award Schedule contract renewal, which extends through October 31, 2030.

Beam Global (BEEM) Staring at Government Orders on GSA Contract Extension

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The extension paves the way for a potential inclusion of the company in the GSA schedule for an additional decade. Additionally, Beam Global’s offerings have been added to Special Item Number 334512, which enables state and local governments to purchase its products through the GSA program.

Additionally, Beam Global products are also listed with the Federal Emergency Management Agency FEMA, enhancing their appeal to government agencies.

“We are encouraged to see the federal government GSA renewing our multiple award schedule contract,” said Desmond Wheatley, CEO of Beam Global. “Our American-made products deliver energy security and transportation infrastructure solutions that provide value to government facilities across the nation.

Beam Global (NASDAQ:BEEM) creates and deploys off-grid, transportable, renewable energy products, primarily focused on sustainable Electric Vehicle (EV) charging solutions that utilize solar and wind power. Its core products are EV ARC and Solar Tree systems, which generate and store electricity from the sun and wind to charge EVs without grid connections.

While we acknowledge the potential of BEEM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than BEEM and that has 100x upside potential, check out our report about this cheapest AI stock.

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