FY2025 Earnings Forecast for Beam Global Issued By B. Riley

Beam Global (NASDAQ:BEEM) – Equities research analysts at B. Riley lifted their FY2025 EPS estimates for shares of Beam Global in a research report issued to clients and investors on Tuesday, November 5th. B. Riley analyst R. Pfingst now forecasts that the company will post earnings per share of ($0.18) for the year, up from their prior estimate of ($0.19). B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.86) per share.

Beam Global (NASDAQ:BEEM) last posted its earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $14.81 million during the quarter, compared to the consensus estimate of $16.30 million. Beam Global had a negative net margin of 25.27% and a negative return on equity of 29.07%.

BEEM has been the topic of several other reports. HC Wainwright reissued a “buy” rating and issued a $30.00 price objective on shares of Beam Global in a report on Wednesday, August 14th. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research note on Wednesday, August 14th.

Beam Global Stock Performance

Shares of NASDAQ BEEM opened at $4.86 on Thursday. The company has a market capitalization of $71.05 million, a PE ratio of -3.56 and a beta of 0.87. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.16 and a current ratio of 1.79. The company’s fifty day moving average price is $4.90 and its 200 day moving average price is $5.50. Beam Global has a 1 year low of $4.30 and a 1 year high of $8.48.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BEEM. AWM Investment Company Inc. lifted its holdings in shares of Beam Global by 8.4% in the 1st quarter. AWM Investment Company Inc. now owns 983,535 shares of the company’s stock worth $6,688,000 after acquiring an additional 76,301 shares during the last quarter. Vanguard Group Inc. lifted its stake in Beam Global by 21.0% during the first quarter. Vanguard Group Inc. now owns 618,676 shares of the company’s stock worth $4,207,000 after purchasing an additional 107,200 shares in the last quarter. Oak Family Advisors LLC boosted its position in shares of Beam Global by 11.0% during the second quarter. Oak Family Advisors LLC now owns 52,288 shares of the company’s stock worth $241,000 after buying an additional 5,181 shares during the period. Green Alpha Advisors LLC grew its stake in shares of Beam Global by 16.1% in the third quarter. Green Alpha Advisors LLC now owns 46,820 shares of the company’s stock valued at $230,000 after buying an additional 6,500 shares in the last quarter. Finally, Tidal Investments LLC purchased a new stake in shares of Beam Global in the 1st quarter valued at $284,000. Hedge funds and other institutional investors own 26.59% of the company’s stock.

About Beam Global

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.