Beam Global shares rise 1.37% premarket after U.S. General Services Administration renewed its contract through 2030.

Beam Global rose 1.37% in premarket trading, with the company announcing that the U.S. General Services Administration has renewed its Multiple Award Schedule contract through October 31, 2030. The contract includes exercise options which could extend Beam’s availability on the GSA MAS schedule through October 31, 2040.