Beam GlobalNASDAQ: BEEM

It's time to revisit some of the top EV charging stocks to buy on the dip. All of this is happening as electric vehicle sales start to accelerate again.

Beam Global, a top provider of sustainable infrastructure solutions for transportation electrification and energy security, will release its Q1 2024 operating results on May 20, 2024 after the market closes. A conference call will be held on May 21, 2024 at 4:30 p.m. EST.

Beam Global, a company specializing in sustainable infrastructure solutions for transportation electrification and energy security, will release its 2023 operating results on April 17, 2024 after the market closes.

Car sales in the United States increased by 5% in the first quarter, but the growth of the electric vehicle market is slowing down. The rise in interest rates has worsened the situation, leading to decreased consumer interest and negatively impacting stocks in the EV charging sector.

Crisis may soon become an opportunity for EV charging stocks. Over the last few days, Shell (NYSE: SHEL ) announced it would divest about 1,000 gas stations and funnel its resources into expanding electric vehicle (EV) charging stations.

If the electric vehicle (EV) boom is going to get off the ground, we need far more EV charging stations. In fact, as I noted on Feb. 12, “The U.S. has just under 130,000 publicly available charging ports at 50,401 charging stations, according to BlinkCharging.com.

Beam Global provides EV charging stations for off-grid locations and emergency backup power. The company recently expanded its global footprint with the acquisition of Serbian streetlamp company Amiga. BEEM's European expansion is expected to accelerate revenue growth and may achieve profitability within the next year.

With soft demand for electric vehicles, EV charging stocks lost ground. However, don't write them off just yet.

Speculative investors are willing to invest in stocks that many investors would steer clear from. That's been the case with EV charging stocks.