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…
