Wall Street Zen upgraded shares of Beam Global (NASDAQ:BEEM – Free Report) from a strong sell rating to a sell rating in a research report sent to investors on Saturday.
BEEM has been the topic of a number of other research reports. Freedom Capital upgraded Beam Global from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 17th. Weiss Ratings raised shares of Beam Global from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 23rd. Finally, Zacks Research downgraded shares of Beam Global from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Beam Global currently has a consensus rating of “Hold”.
View Our Latest Stock Analysis on Beam Global
Beam Global Price Performance
Beam Global (NASDAQ:BEEM – Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.18) by ($0.15). Beam Global had a negative net margin of 73.22% and a negative return on equity of 73.50%. The business had revenue of $3.13 million during the quarter, compared to the consensus estimate of $7.33 million. On average, analysts predict that Beam Global will post -0.83 EPS for the current year.
Hedge Funds Weigh In On Beam Global
Several institutional investors and hedge funds have recently made changes to their positions in the company. R Squared Ltd bought a new position in shares of Beam Global during the first quarter worth approximately $26,000. Quadrature Capital Ltd bought a new stake in Beam Global in the 4th quarter valued at $61,000. Virtue Capital Management LLC grew its holdings in Beam Global by 1,339.7% in the 4th quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock valued at $81,000 after buying an additional 46,527 shares in the last quarter. State Street Corp grew its holdings in Beam Global by 17.6% in the 4th quarter. State Street Corp now owns 58,228 shares of the company’s stock valued at $87,000 after buying an additional 8,700 shares in the last quarter. Finally, Two Sigma Investments LP bought a new position in Beam Global during the 3rd quarter worth $102,000. Institutional investors and hedge funds 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.
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