I think the Latham, New York-based hydrogen fuel cell manufacturer is on the right track, designing next-generation batteries, or fuel cells, capable of recharging in minutes, as opposed to hours for traditional batteries. ![]() (NASDAQ: PLUG) was all the rage last summer, and for me, the attraction's never waned. Should this stock rally back toward and then reclaim six-month highs, closing above $34, I'd buy BEEM Nov. jurisdictions, and no construction or integration required, either.īEEM stock is also down over the past several sessions. Beam's stations, however, are easy to install anywhere there's room there's no permitting required in most if not all U.S. As things stand now, it takes beaucoup permitting and red tape cutting to get an EV station installed and integrated with the local power grid it's not easy to do. Beam's solar-powered EV charging stations could end up being a game-changer. It designs, manufactures, and sells all kinds of solar-powered products. If CHPT closes above $27, I like buying a call spread on these shares - CHPT $28 and $29 calls for around $0.45 or less for each one.īeam Global is into electric vehicle charging infrastructure as well, with a unique emphasis on solar power. The stock has been under pressure of late, to the point where it's reaching bargain territory. That alone isn't what makes the stock so compelling it develops and builds hardware and software for all kinds of electric vehicles, too. It also sells directly to consumers - EV owners - with "home" versions of its charging stations. As of late 2020, it owned 114,00 charging stations nationwide. ChargePoint is based in the heart of Silicon Valley and operates the largest network of EV charging stations in the United States, with a presence in Mexico, Canada, and Australia, too. (NYSE: CHPT) and Beam Global (NASDAQ: BEEM). I'm talking about ChargePoint Holdings Inc. Two of my very favorite companies in this space are in play right now they're potential beneficiaries of the infrastructure bill, of course, but also, the Democrats' proposed $3 trillion social and climate action plan. Most sources agree that there will need to be hundreds of thousands of efficient charging stations built nationwide - Biden himself has floated a figure in the 500,000 range - for the transition to electric vehicles to work. There's perhaps even more profit potential in the "stuff" that goes along with EVs, like electric motors and charging stations. (NASDAQ: TSLA) and other EV makers grab headlines, but there's more - a lot more - than vehicles themselves to this boom. These stocks are near or below certain key support and resistance levels that put them in play right now. Be that as it may, choosing the right stocks here can mean the difference between missing out, or collecting ho-hum profits, and knocking it out of the park. There's also a great deal of global growth here, outside of the United States, as the world transitions away from fossil fuels. Thanks to the infrastructure bill, and what will likely be billions and billions in earmarks, the whole sector is heating up. My editor, though, asked me to share this week's watchlist with everybody because it's packed with clean energy stocks. That's also why I talk about speculative trades people can execute to cash in on those moves. It's just like how it sounds they're stocks I'm keeping tabs on because I see the potential for big, imminent moves. Beam Global was incorporated in 2006 and is headquartered in San Diego, California.Every week, I publish a "watchlist" of stocks for my Total Wealth free e-letter subscribers. and changed its name to Beam Global in September 2020. The company was formerly known as Envision Solar International, Inc. It is also developing EV-Standard, a lamp standard, EV charging, and emergency power product that uses an existing streetlamp's foundation and a combination of solar, wind, grid connection, and onboard energy storage to provide curbside charging and UAV ARC, an off-grid and renewably energized product and network used to charge aerial drone (UAV) fleets. The company's product portfolio include EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a source of power for factory installed electric vehicle charging stations Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 50kW DC fast charge to one or more electric vehicles or larger vehicles and EV ARC DCFC, a DC fast charging system for charging EVs. Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products.
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