Beam Global shares rise 8.06% intraday after U.S. General Services Administration renewed its contract through 2030.

Beam Global rose 8.06% in intraday trading, with the company announcing that the U.S. General Services Administration (GSA) has renewed its Multiple Award Schedule (MAS) 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. As part of this renewal, Beam Global's offerings have been added to Special Item Number (SIN) 334512 (Total Solution Support Products for Facilities Management Systems), which includes a Cooperative Purchasing provision. As a result, state and local governments are now eligible to purchase Beam Global's products through the GSA MAS program. Cooperative Purchasing accelerates procurement timelines by enabling eligible agencies.