Beam Global (NASDAQ:BEEM) Stock Rating Reaffirmed by HC Wainwright

Beam Global (NASDAQ:BEEM)‘s stock had its “buy” rating restated by research analysts at HC Wainwright in a note issued to investors on Wednesday, Benzinga reports. They presently have a $30.00 price target on the stock. HC Wainwright’s price target suggests a potential upside of 376.95% from the stock’s current price. HC Wainwright also issued estimates for Beam Global’s FY2026 earnings at $0.76 EPS and FY2028 earnings at $2.44 EPS.

Several other analysts also recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a research note on Thursday, April 18th. B. Riley lowered their target price on Beam Global from $18.00 to $15.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Finally, Roth Mkm restated a “buy” rating and issued a $9.00 price objective on shares of Beam Global in a report on Tuesday, April 23rd.

Beam Global Stock Performance

Shares of BEEM stock opened at $6.29 on Wednesday. The stock has a 50 day moving average price of $6.35 and a 200 day moving average price of $6.46. Beam Global has a 52-week low of $5.00 and a 52-week high of $12.82. The firm has a market capitalization of $91.46 million, a P/E ratio of -4.84 and a beta of 0.92.

Beam Global (NASDAQ:BEEM) last issued its earnings results on Tuesday, April 16th. The company reported ($0.51) earnings per share (EPS) for the quarter. The company had revenue of $20.03 million for the quarter. Beam Global had a negative net margin of 22.16% and a negative return on equity of 30.53%. As a group, sell-side analysts forecast that Beam Global will post -0.84 EPS for the current year.

Hedge Funds Weigh In On Beam Global

Large investors have recently added to or reduced their stakes in the company. Barclays PLC acquired a new position in Beam Global during the 3rd quarter valued at about $128,000. Jump Financial LLC acquired a new position in shares of Beam Global during the third quarter valued at about $130,000. Pathstone Family Office LLC increased its holdings in shares of 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 acquiring an additional 2,305 shares in the last quarter. PFG Investments LLC raised its position in shares of Beam Global by 97.0% in the 1st 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 during the last quarter. Finally, Oak Family Advisors LLC acquired a new stake in Beam Global in the 4th quarter worth approximately $264,000. 26.59% of the stock is currently owned by 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.