Brokers Issue Forecasts for Beam Global’s FY2028 Earnings (NASDAQ:BEEM)

Beam Global (NASDAQ:BEEM) – Equities research analysts at HC Wainwright issued their FY2028 earnings per share (EPS) estimates for shares of Beam Global in a research report issued on Thursday, April 18th. HC Wainwright analyst A. Dayal expects that the company will earn $2.75 per share for the year. HC Wainwright currently has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.50) per share.

BEEM has been the topic of a number of other research reports. B. Riley dropped their price target on Beam Global from $18.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Needham & Company LLC reissued a “hold” rating on shares of Beam Global in a research report on Thursday, April 18th.

Beam Global Trading Down 3.4 %

BEEM opened at $5.93 on Monday. Beam Global has a 12-month low of $5.00 and a 12-month high of $13.66. The business’s fifty day simple moving average is $6.74 and its 200-day simple moving average is $6.47. The company has a market capitalization of $85.63 million, a price-to-earnings ratio of -4.03 and a beta of 0.82.

Institutional Investors Weigh In On Beam Global

A number of institutional investors have recently added to or reduced their stakes in BEEM. Barclays PLC bought a new stake in Beam Global during the third quarter valued at about $128,000. Jump Financial LLC bought a new stake in Beam Global during the third quarter valued at about $130,000. Pathstone Family Office LLC boosted its position in Beam Global by 13.9% during the third quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock valued at $139,000 after purchasing an additional 2,305 shares in the last quarter. Calton & Associates Inc. bought a new stake in Beam Global during the third quarter valued at about $143,000. Finally, PFG Investments LLC boosted its position in Beam Global by 97.0% during the first quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock valued at $157,000 after purchasing an additional 11,348 shares in the last quarter. Institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

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.