Why Beam Global Stock Soared 115% in December

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Beam Global (NASDAQ: BEEM) became the latest electric vehicle (EV) stock to catch fire as the company surged after announcing new patents related to EV charging and a new contract to deploy the technology. 

The news sent shares of the recent IPO flying higher, up 115% in December, according S&P Global Market Intelligence. The chart below shows the stock’s movement over the course of the month. 

BEEM Chart

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