B. Riley Weighs in on Beam Global’s Q1 2024 Earnings (NASDAQ:BEEM)

Beam Global (NASDAQ:BEEM) – Research analysts at B. Riley issued their Q1 2024 EPS estimates for Beam Global in a research note issued on Thursday, April 18th. B. Riley analyst C. Souther anticipates that the company will post earnings of ($0.25) per share for the quarter. B. Riley has a “Buy” rating and a $15.00 price objective on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.50) per share. B. Riley also issued estimates for Beam Global’s Q2 2024 earnings at ($0.18) EPS, Q3 2024 earnings at ($0.10) EPS, Q4 2024 earnings at ($0.05) EPS, FY2024 earnings at ($0.58) EPS and FY2025 earnings at $0.71 EPS.

A number of other analysts also recently weighed in on the company. Needham & Company LLC restated a “hold” rating on shares of Beam Global in a report on Thursday. HC Wainwright restated a “buy” rating and issued a $30.00 price objective on shares of Beam Global in a report on Thursday.

Beam Global Stock Performance

Shares of NASDAQ:BEEM opened at $6.14 on Monday. The company has a fifty day moving average of $6.77 and a 200-day moving average of $6.48. The company has a market capitalization of $88.66 million, a PE ratio of -4.18 and a beta of 0.82. Beam Global has a 52-week low of $5.00 and a 52-week high of $13.66.

Institutional Investors Weigh In On Beam Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Beam Global by 5.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 23,011 shares of the company’s stock valued at $471,000 after buying an additional 1,205 shares during the last quarter. Citigroup Inc. boosted its holdings in Beam Global by 56.6% in the 1st quarter. Citigroup Inc. now owns 5,171 shares of the company’s stock worth $106,000 after buying an additional 1,869 shares during the period. FMR LLC boosted its holdings in Beam Global by 67.4% in the 3rd quarter. FMR LLC now owns 4,747 shares of the company’s stock worth $35,000 after buying an additional 1,912 shares during the period. BlackRock Inc. boosted its holdings in Beam Global by 1.3% in the 1st quarter. BlackRock Inc. now owns 160,651 shares of the company’s stock worth $2,556,000 after buying an additional 2,113 shares during the period. Finally, Pathstone Family Office LLC boosted its holdings in Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock worth $139,000 after buying an additional 2,305 shares during the period. Institutional investors and hedge funds own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized infrastructure products for electric vehicle (EV) charging infrastructure, energy storage, energy security, disaster preparedness, and outdoor media advertising. The company's product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide 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 50kW DC fast charge to one or more electric vehicles or larger vehicles; and EV ARC DCFC, a DC fast charging system for charging EVs.