Beam Global (BEEM) Stock Forecast, Price & News

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Beam Global in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BEEM shares.
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5 Wall Street analysts have issued 1-year price targets for Beam Global's shares. Their BEEM share price forecasts range from $15.00 to $40.00. On average, they predict the company's stock price to reach $26.60 in the next year. This suggests a possible upside of 123.2% from the stock's current price.
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Beam Global's stock was trading at $17.47 on January 1st, 2023. Since then, BEEM shares have decreased by 31.8% and is now trading at $11.92.
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The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our BEEM earnings forecast.

Beam Global (NASDAQ:BEEM) posted its quarterly earnings data on Wednesday, March, 29th. The company reported ($0.77) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.45) by $0.32. The firm had revenue of $7.90 million for the quarter, compared to the consensus estimate of $7.42 million. Beam Global had a negative net margin of 67.96% and a negative trailing twelve-month return on equity of 76.82%.

ETFs with the largest weight of Beam Global (NASDAQ:BEEM) stock in their portfolio include SPDR S&P Kensho Intelligent Structures ETF (SIMS), Invesco WilderHill Clean Energy ETF (PBW), First Trust NASDAQ Clean Edge Green Energy Index Fund (QCLN), Carbon Collective Climate Solutions U.S. Equity ETF (CCSO).

Based on aggregate information from My MarketBeat watchlists, some companies that other Beam Global investors own include Tesla (TSLA), Aimmune Therapeutics (AIMT), Intuitive Surgical (ISRG), Ballard Power Systems (BLDP), Blink Charging (BLNK), NIO (NIO), Nikola (NKLA), Sorrento Therapeutics (SRNE), Acacia Communications (ACIA) and Aurora Cannabis (ACB).

Beam Global trades on the NASDAQ under the ticker symbol "BEEM."

Beam Global's stock is owned by a variety of retail and institutional investors. Top institutional investors include State Street Corp (1.58%), BlackRock Inc. (1.49%), HRT Financial LP (0.94%), Essex Investment Management Co. LLC (0.89%), Deutsche Bank AG (0.65%) and Susquehanna International Group LLP (0.00%). Insiders that own company stock include Desmond C Wheatley, Peter Warner Davidson and Townsend Battery Partners, Llc.
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Shares of BEEM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of BEEM stock can currently be purchased for approximately $11.92.

Beam Global (NASDAQ:BEEM) has a market capitalization of $128.26 million and generates $22 million in revenue each year. The company earns $-19,680,000.00 in net income (profit) each year or ($2.10) on an earnings per share basis.

Beam Global's mailing address is 5660 EASTGATE DRIVE, SAN DIEGO CA, 92121. The official website for the company is www.envisionsolar.com. The company can be reached via phone at (858) 799-4583, via email at tt@coreir.com, or via fax at 858-799-4592.