The company expects to witness significant growth acceleration in 2021 as the Federal government joins local governments in aggressively investing in infrastructure to support the sustainable electrification of transportation.
On December 17, BEEM announced that the City of Montebello will install two EV ARC solar-powered EV charging terminals to serve city fleet vehicles and act as an emergency preparedness asset.
This agreement will lead to the acquisition of its first sponsor and a significant recurring-revenue business model that could be replicated in other major cities. Here is why BEEM is a better pick now:īEEM recently completed an agreement with the City of San Diego to host a sponsored network of EV ARC terminals.
In terms of past-year performance, BEEM is the clear winner with 1483.3% gains versus VVPR’s 783.8% returns. While BEEM returned 883.7% over this period, VVPR gained 220%. We think BEEM and VVPR are poised to benefit from the industry’s substantial growth.īoth stocks have generated significant returns over the past three years. The growth in renewable forms of energy continues to be a growing global phenomenon, driven by a focus on reducing carbon emissions, which is causing a massive jump in installations. London-based VVPR provides solar and critical power services in the United States, Australia, and the United Kingdom through Critical Power Services and Solar Development segments.
San Diego-based BEEM manufactures electric vehicle autonomous renewable chargers and sells solar powered products and proprietary technology. Beam Global ( BEEM) and VivoPower International PLC ( VVPR) are two small-cap stocks that are committed to leading the solar industry as developers of innovative solutions.