Beam Global (NASDAQ:BEEM) Announces Earnings Results

Beam Global (NASDAQ:BEEM) announced its quarterly earnings results on Wednesday. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.13, FiscalAI reports. Beam Global had a negative return on equity of 61.84% and a negative net margin of 95.63%.The firm had revenue of $9.05 million for the quarter, compared to analysts’ expectations of $6.17 million.

Beam Global Price Performance

Shares of BEEM stock opened at $1.51 on Friday. The stock’s fifty day moving average is $1.50 and its 200-day moving average is $1.91. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.93 and a current ratio of 1.74. The stock has a market capitalization of $31.92 million, a PE ratio of -0.90 and a beta of 1.32. Beam Global has a 52 week low of $1.33 and a 52 week high of $4.04.

Institutional Trading of Beam Global

Large investors have recently made changes to their positions in the business. Quadrature Capital Ltd bought a new stake in shares of Beam Global during the fourth quarter worth $61,000. State Street Corp grew its holdings in shares of Beam Global by 17.6% during the fourth quarter. State Street Corp now owns 58,228 shares of the company’s stock worth $87,000 after purchasing an additional 8,700 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Beam Global by 8.8% during the third quarter. Vanguard Group Inc. now owns 660,619 shares of the company’s stock worth $1,903,000 after purchasing an additional 53,640 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Beam Global by 268.0% during the fourth quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock worth $186,000 after purchasing an additional 90,300 shares during the last quarter. Finally, Two Sigma Investments LP bought a new stake in shares of Beam Global during the third quarter worth $102,000. Institutional investors own 26.59% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on BEEM shares. Wall Street Zen upgraded Beam Global from a “strong sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Beam Global in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Beam Global has an average rating of “Hold” and an average price target of $4.00.

Beam Global Company Profile

Beam Global (NASDAQ:BEEM) is a developer of solar-powered infrastructure solutions designed to support the transition to clean energy and electric transportation. Headquartered in California, the company specializes in producing off-grid EV charging units, solar canopy systems and energy storage solutions that can be rapidly deployed in urban, rural and remote environments. By integrating photovoltaic panels with battery storage and charging hardware, Beam Global’s products aim to reduce reliance on grid power and lower carbon emissions at charging locations.

The company’s flagship product, EV ARC, is a standalone, solar-powered electric vehicle fast-charging kiosk that requires no construction, trenching or utility upgrades.