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

Beam Global (NASDAQ:BEEM) – Equities research analysts at HC Wainwright issued their FY2028 EPS estimates for shares of Beam Global in a research note issued to investors on Thursday, April 18th. HC Wainwright analyst A. Dayal expects that the company will post earnings of $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 several other research reports. B. Riley dropped their price objective on shares of Beam Global from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, April 18th. Needham & Company LLC reiterated a “hold” rating on shares of Beam Global in a research report on Thursday, April 18th.

Beam Global Stock Performance

NASDAQ:BEEM opened at $5.93 on Monday. The firm’s 50-day moving average is $6.74 and its 200-day moving average is $6.47. Beam Global has a 52-week low of $5.00 and a 52-week high of $13.66. The company has a market cap 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 and hedge funds have recently modified their holdings of the business. AWM Investment Company Inc. raised its stake in shares of Beam Global by 39.4% during the third quarter. AWM Investment Company Inc. now owns 592,363 shares of the company’s stock worth $4,372,000 after buying an additional 167,363 shares during the last quarter. Oak Family Advisors LLC bought a new stake in shares of Beam Global during the fourth quarter worth approximately $264,000. PFG Investments LLC raised its stake in shares of Beam Global by 97.0% during the first quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock worth $157,000 after buying an additional 11,348 shares during the last quarter. Calton & Associates Inc. bought a new stake in shares of Beam Global during the third quarter worth approximately $143,000. Finally, Pathstone Family Office LLC raised its stake 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 worth $139,000 after buying an additional 2,305 shares during the last quarter. 26.59% of the stock is 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.