What CEOs Are Saying - 5.16.25
A look at five recent earnings calls in the EV and clean energy sector
The EV and clean energy sector is promising as ever, but also very turbulent. It’s no mystery why. Federal EV support took a hit post-2024 election, tariffs are driving up costs, and cash is scarce.
Yet, the five CEOs below who led earnings calls this week are working around these challenges. The long-term outlook for electrification remains strong, even if the road’s a little bumpy.
Beam Global
Earnings call on May 15, 2025
San Diego-based Beam Global makes solar-powered EV chargers and energy storage systems.
Call Takeaways:
CEO Desmond Wheatley said Q1 2025 revenue halved to $6.3 million because “more than half of our revenues” in Q1 2024 came from federal orders, now stalled due to “uncertainty in the U.S. government’s zero-emission vehicle strategy related to the Presidential Election.” He’s countering by boosting commercial clients (53% of revenue, up from 16%) and international markets (25%, up from 11%), with Europe and the Middle East showing promise. The lesson: Government policy…
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