Beam Global (NASDAQ:BEEM) Releases Earnings Results, Beats Expectations By $0.13 EPS

Beam Global (NASDAQ:BEEM) released its earnings results on Thursday. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.13, FiscalAI reports. The business had revenue of $9.05 million during the quarter, compared to analysts’ expectations of $6.17 million. Beam Global had a negative net margin of 105.89% and a negative return on equity of 61.03%.

Beam Global Price Performance

Shares of BEEM traded up $0.07 during trading hours on Thursday, hitting $1.63. 558,251 shares of the stock were exchanged, compared to its average volume of 1,277,650. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.97 and a current ratio of 1.98. Beam Global has a 12-month low of $1.33 and a 12-month high of $4.04. The company has a market cap of $31.02 million, a price-to-earnings ratio of -0.85 and a beta of 1.32. The stock’s 50-day moving average price is $1.50 and its two-hundred day moving average price is $1.95.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Beam Global in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Beam Global currently has a consensus rating of “Hold” and a consensus price target of $4.00.

Institutional Trading of Beam Global

Several large investors have recently bought and sold shares of BEEM. Quadrature Capital Ltd purchased a new stake in Beam Global during the 4th quarter valued at about $61,000. Virtue Capital Management LLC grew its stake in Beam Global by 1,339.7% during the 4th quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $81,000 after acquiring an additional 46,527 shares in the last quarter. State Street Corp grew its stake in Beam Global by 17.6% during the 4th quarter. State Street Corp now owns 58,228 shares of the company’s stock valued at $87,000 after acquiring an additional 8,700 shares in the last quarter. Two Sigma Investments LP purchased a new stake in Beam Global during the 3rd quarter valued at about $102,000. Finally, Renaissance Technologies LLC grew its stake in Beam Global by 268.0% during the 4th quarter. Renaissance Technologies LLC now owns 124,000 shares of the company’s stock valued at $186,000 after acquiring an additional 90,300 shares in the last quarter. Hedge funds and other institutional investors own 26.59% of the company’s stock.

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.