Research Analysts Set Expectations for Beam Global’s FY2028 Earnings (NASDAQ:BEEM)

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

Several other equities analysts have also commented on the stock. B. Riley reduced their target price on shares of Beam Global from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday. Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a research note on Thursday.

Beam Global Price Performance

Shares of BEEM opened at $6.14 on Monday. Beam Global has a 1 year low of $5.00 and a 1 year high of $13.66. The stock has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $6.48. The firm has a market cap of $88.66 million, a P/E ratio of -4.18 and a beta of 0.82.

Institutional Investors Weigh In On Beam Global

Large investors have recently made changes to their positions in the business. Jump Financial LLC bought a new position in Beam Global during the 3rd quarter valued at approximately $130,000. Barclays PLC bought a new position in shares of Beam Global during the third quarter valued at $128,000. Oak Family Advisors LLC purchased a new position in shares of Beam Global in the 4th quarter worth about $264,000. AWM Investment Company Inc. boosted its stake in Beam Global by 39.4% in the 3rd quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock worth $4,372,000 after purchasing an additional 167,363 shares in the last quarter. Finally, Pathstone Family Office LLC grew its position in Beam Global by 13.9% during the 3rd 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 during the last quarter. 26.59% of the stock is currently owned by institutional investors.

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.