NEW YORK, May 22, 2026, 13:04 (EDT)
- Beam Global was changing hands near $1.42 in midday New York trading, close to its 52-week low. The stock ended Thursday at $1.44.
- Revenue at the company fell 51% for the latest quarter, with operating losses up. Backlog came in at $9.0 million, which is for orders not yet counted as revenue.
- U.S. stock markets traded Friday. Nasdaq will be shut Monday, May 25 for Memorial Day.
Beam Global stock slipped in midday U.S. trading Friday, staying near its 12-month low. Investors looked at a soft first quarter, while management said orders are now starting to turn into sales.
BEEM shares traded near $1.42 after ending Thursday at $1.44. Trading data from Robinhood showed the stock moving in a $1.39 to $1.49 band Friday. Market cap sat at roughly $31.5 million and volume stayed less than normal.
Why it matters now: Beam is a microcap. With a market value in the tens of millions, the company doesn’t have much margin for error. For microcaps like this, cash, gross margin and order conversion take priority over big-picture sector hopes.
Beam’s Q1 revenue dropped to $3.1 million, down from $6.3 million last year. The company blamed the decline on two big orders shifting out of the quarter, slow seasonal sales in Europe, and continued soft federal EV infrastructure spending in the U.S. Net loss narrowed to $6.9 million, compared to a $15.5 million loss a year ago. Backlog was up, reaching $9.0 million after ending last year at $6.0 million.
Backlog refers to orders placed but not yet counted as revenue. CEO Desmond Wheatley said in the release the company’s backlog grew 50%, adding the first half would demonstrate Beam’s diversification strategy.
The company is looking to move focus off U.S. federal EV charger demand. Its 10-Q said 51% of Q1 revenue was from outside the U.S., up from 25% last year. Revenue from federal customers came in below 1%, down from 14%.
Chief Financial Officer Lisa Potok said on the call the increase in second-quarter revenue through May 15 was a “clear signal that the business is accelerating.” Roth Capital’s Craig Irwin told the team it was “nice to see the backlog come up so quickly.” B. Riley analyst Ryan Pfingst asked Wheatley if ending the Middle East conflict could help boost regional revenue. Investing
Risks are still clear. Beam posted a negative gross margin for the quarter, with production costs topping revenue. In its filing, Beam pointed to risks on order timing, profit, capital needs, collecting receivables, instability in the Middle East, and weaknesses in financial reporting controls. As of March 31, Beam had $2.0 million in cash and $6.2 million in working capital, and raised $3.4 million through its at-the-market stock sale program.
Larger EV-charging stocks held up better on a mixed day for the group. ChargePoint traded at $7.09, gaining 3.7%. Blink Charging changed hands near 86.9 cents, giving up some ground after opening higher. EVgo hovered at $1.88, about flat to down a touch.
Beam isn’t a direct comp to the other names. Its big product, the EV ARC, is a solar-powered charger with its own battery and works off-grid. Beam also has energy-security, smart-city, and battery lines.
That split is both the upside and the risk here. If international and commercial deals land, Friday’s beaten-down price may just be the market biding its time for results. But if revenue gets pushed out again, or if BEEM has to raise more cash through equity, the stock could stay stuck near its lows.
