FY2025 Earnings Forecast for Beam Global Issued By B. Riley

Beam Global (NASDAQ:BEEM) – Equities research analysts at B. Riley boosted their FY2025 earnings estimates for shares of Beam Global in a research note issued 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 forecast 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 announced its quarterly earnings results on Tuesday, August 13th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $14.81 million for the quarter, compared to analyst estimates of $16.30 million. Beam Global had a negative net margin of 25.27% and a negative return on equity of 29.07%.

Other equities research analysts have also issued research reports about the stock. HC Wainwright reissued a “buy” rating and issued a $30.00 price target 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 report on Wednesday, August 14th.

Beam Global Trading Down 4.3 %

Shares of Beam Global stock opened at $4.89 on Thursday. Beam Global has a 12-month low of $4.30 and a 12-month high of $8.48. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.79 and a quick ratio of 1.16. The company’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $5.51.

Institutional Investors Weigh In On Beam Global

Institutional investors and hedge funds have recently modified their holdings of the stock. Capital Performance Advisors LLP purchased a new stake in shares of Beam Global in the 3rd quarter worth about $25,000. XTX Topco Ltd purchased a new stake in shares of Beam Global in the 2nd quarter worth about $48,000. Calton & Associates Inc. purchased a new stake in shares of Beam Global in the 3rd quarter worth about $93,000. Tidal Investments LLC purchased a new stake in shares of Beam Global in the 1st quarter worth about $284,000. Finally, Green Alpha Advisors LLC lifted its position in shares of Beam Global by 16.1% in the 3rd quarter. Green Alpha Advisors LLC now owns 46,820 shares of the company’s stock worth $230,000 after purchasing an additional 6,500 shares during the period. 26.59% of the stock is owned by hedge funds and other institutional investors.

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.