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Industrials : Electrical Equipment | Small Cap Blend
Company profile

Beam Global, formerly Envision Solar International, Inc., invents, designs and manufactures solar products and technology solutions focusing on various verticals, such as electric vehicle charging infrastructure; out of home advertising infrastructure, and energy security and disaster preparedness. The Company focuses on creating renewable energized powered platforms for electric vehicle (EV) charging, drone charging, outdoor media and branding, and energy security. The Company's product lines include the Electric Vehicle Autonomous Renewable Charger product (EV ARC) and the Solar Tree product. The Company produces two categories of products: EV ARC (Electric Vehicle Autonomous Renewable Charger) and the Solar Tree. The EV ARC product is a solution in a transportable format and the Solar Tree product is a solution in a fixed format. The outdoor media advertising business involves a partnership with a third party media company.

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Some Big Tech companies may 'do better if they're not connected at the hip,' says $9.5 billion fund manager

12:10 pm ET June 11, 2021 (MarketWatch)

By Joy Wiltermuth

Change can be hard to embrace, particularly when it means breaking with traditions formed over decades.

But technologies adopted by corporations, governments and households out of necessity during the pandemic likely won't be tossed on the scrap heap when the threat of COVID-19 fades.

So says Jonathan Curtis, portfolio manager at Franklin Equity Group, who thinks spending on technologies that help corporations boost productivity and businesses reach more customers have more room to rise.

The world remains in the "early days of tech infusing itself in every industry, much deeper," said Curtis, who co-manages the roughly $9.5 billion Franklin Technology Fund (, in an interview with MarketWatch. "Experimentation during the crisis is going to stick, because it drives massive productivity gains."

High-flying technology stocks soared to dizzying heights last year "as investors and regular people all clearly realized the growing role of technology in our lives," Curtis said. But a look "under the covers" also shows several categories of tech that struggled from an downturn in spending.

He pointed to a pullback in back-office software spending as companies looked to cut costs and in the cyclical semiconductor sector, but also initially across payment networks as fewer people ventured out to swipe ( their cards at restaurants, shops and on entertainment in the early months of the pandemic.

Global payments revenues fell an estimated 22% in the first six months of last year compared with the same stretch in 2019, according to a McKinsey report (

And after combing through a year of pandemic corporate results, Curtis sees evidence of "ramped-up spending" in areas that lagged at first, but can help companies better digitally engage with staff, clients and customers.

Spending also needs to increase on cybersecurity and backup data services to help businesses manage the "attack-of-the-day problem," he said, which currently centers around ransomware attacks. "That really highlights, with this digitalization, there is clearly a flip side."

Read: Ransomware boom comes from gangs that operate like cloud-software unicorns -- 'a truly incredible business model' (

Some Wall Street analysts worry that antitrust intervention ( may pose the biggest risk to the S&P 500 ('s five largest stocks, namely Apple Inc. (AAPL), Facebook Inc. (FB), Inc. (AMZN), Microsoft Corp. (MSFT) and Google parent Alphabet Inc. (GOOGL)(GOOGL).

Curtis isn't convinced, even though "the U.S. has gone from being more light-touch" in its initial regulatory approach than China and Europe to being more concerned about how best to manage far-reaching technology giants, he said.

House lawmakers were expected to soon propose legislation that could require and other tech giants to effectively split into two companies or shed their private-label products, the Wall Street Journal reported Friday (, citing people familiar with the matter.

Shares of big tech companies were mixed Friday. The S&P 500 index was flat, but the information technology component was up 0.3%, while the Dow was modestly lower and the Nasdaq Composite Index was slightly higher.

"If Big Tech's wings get clipped" he said, the worst case might be a company like Amazon getting broken up into two companies. But then, Curtis said he would end up owning a cloud-computing giant and an e-commerce behemoth.

"In some cases, there may be companies that do better if they're not connected at the hip," he said.

-Joy Wiltermuth; 415-439-6400;


(END) Dow Jones Newswires

June 11, 2021 12:10 ET (16:10 GMT)

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