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Beam Global
(NASDAQ:BEEM)
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Rating:46Neutral
Price Target:
$0.89
▼(-47.78% Downside)
Action:Reiterated
Date:10/07/26
The score is held down primarily by weak financial performance (contracting revenue, deeply negative margins, and substantial cash burn) and bearish technicals (price below key moving averages with negative MACD). Offsetting factors include a more positive near-term narrative from the earnings call (reaccelerating revenue, cost cuts, and strong liquidity) and moderately positive strategic corporate actions, but these have not yet translated into sustained profitability or cash generation.
Positive Factors
Revenue Reacceleration
The sharp sequential and year-over-year revenue rebound, supported by backlog, indicates improving demand for Beam’s solutions after the prior contraction. If sustained, higher volume can improve operating leverage, support investment, and provide a foundation for future margin recovery.
Negative Factors
Revenue Contraction
The multi-year fall from the 2023 revenue peak shows that the recent quarterly rebound has not yet restored the company’s prior scale. A smaller revenue base limits operating leverage, reduces resources available for investment, and leaves long-term performance highly dependent on sustained demand recovery.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Reacceleration
The sharp sequential and year-over-year revenue rebound, supported by backlog, indicates improving demand for Beam’s solutions after the prior contraction. If sustained, higher volume can improve operating leverage, support investment, and provide a foundation for future margin recovery.
Read all positive factors
Beam Global (BEEM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.62M
Dividend YieldN/A
Average Volume (3M)1.34M
Price to Earnings (P/E)―
Beta (1Y)0.86
Revenue Growth-20.49%
EPS Growth43.15%
CountryUS
Employees197
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.87
Shares Outstanding22,633,314
10 Day Avg. Volume3,325,885
30 Day Avg. Volume1,341,494
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.02
Price to Sales (P/S)0.89
P/FCF Ratio-2.31
Enterprise Value/Market Cap1.42
Enterprise Value/Revenue1.11
Enterprise Value/Gross Profit10.88
Enterprise Value/Ebitda-2.38
Forecast
1Y Price Target
$2.25Price Target Upside31.58% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.77
Revenue Forecast (FY)$26.77M
Beam Global Business Overview & Revenue Model
Company Description
Beam Global is an innovative clean technology enterprise focused on the creation, development, production, and sale of sustainably powered products. These solutions primarily address the needs of electric vehicle (EV) charging infrastructure, outd...
Beam Global Earnings Call Summary
Earnings Call Date:Aug 19, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 13, 2026
Earnings Call Sentiment Positive
The call emphasized a clear reacceleration in revenue, growing international diversification, product and patent wins, improved GAAP net loss and meaningful liquidity (debt-free with a $100M unused line). Key operational achievements include strong short-term order activity in batteries/drone markets, expansion of a recurring sponsorship model, and expected rent/labor savings from the manufacturing move. Counterbalancing these positives are year-over-year gross margin pressure, a small increase in non-GAAP net loss, a $1.0M credit-loss reserve tied to a single customer, regional uncertainty in the Middle East, and the need for higher volumes to deliver planned margin expansion. On balance, the call presents more meaningful positive developments (top-line reacceleration, strategic diversification, IP gains and cash/credit strength) than negative items.Positive Updates
Top-line Reacceleration
Q2 revenue of $8.6M, up 21% year-over-year (from $7.1M) and up 174% quarter-over-quarter (from $3.1M), with backlog of $5.4M at June-end.
Negative Updates
Gross Margin Pressure Year-over-Year
GAAP gross margin in Q2 was 17.8% versus 20.3% in Q2 2025 (down 2.5 percentage points). Adjusted non-GAAP gross margin was 26.2% versus 29.6% prior year (down 3.4 percentage points, ~-11.5% relative). Management expects margins to improve with higher volumes and cost initiatives.
Read all updates
Q2-2026 Updates
Positive
Negative
Top-line Reacceleration
Q2 revenue of $8.6M, up 21% year-over-year (from $7.1M) and up 174% quarter-over-quarter (from $3.1M), with backlog of $5.4M at June-end.
Read all positive updates
Company Guidance
Management guided that the business is reaccelerating and expects margins and profitability to improve as volumes recover and cost reductions take effect: Q2 revenue was $8.6M (+21% YoY, +174% QoQ) with backlog of $5.4M, GAAP gross profit $1.5M (17.8% GM) and adjusted non‑GAAP gross margin ~26.2% (prior year 29.6%), while CEO noted a ~30 percentage‑point QoQ gross margin improvement and that select product unit economics are already ~40% GM with a long‑term gross margin target near 50%; operating expenses were $4.5M (vs. $5.9M prior, with H1 operating cost savings ~$1M YoY), Q2 net loss was $3.1M ($0.14/sh) and adjusted non‑GAAP net loss $2.0M, six‑month net loss $9.9M ($0.47/sh) vs. $19.8M a year ago, the company is debt‑free with an unused $100M credit line, booked >$500k in drone/robotics battery orders in a single week, deployed in 30+ cities across 5 countries, secured two new patents, and expects approximately $2.7M in rent savings over a 5‑year lease from its manufacturing move to Yuma.Beam Global Financial Statement Overview
Summary
Income Statement
24
Negative
Balance Sheet
63
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 26.53M | 28.24M | 49.34M | 67.35M | 22.00M | 9.00M |
| Gross Profit | 2.70M | 3.52M | 7.30M | 1.20M | -1.67M | -971.00K |
| EBITDA | -12.34M | -22.85M | -6.84M | -14.17M | -18.56M | -6.47M |
| Net Income | -17.14M | -27.00M | -11.28M | -16.06M | -19.68M | -6.60M |
Balance Sheet | ||||||
| Total Assets | 38.16M | 42.73M | 61.46M | 77.64M | 37.73M | 30.66M |
| Cash, Cash Equivalents and Short-Term Investments | 1.02M | 969.00K | 4.57M | 10.39M | 1.68M | 21.95M |
| Total Debt | 1.75M | 1.50M | 1.93M | 1.27M | 1.70M | 2.08M |
| Total Liabilities | 17.90M | 17.89M | 20.17M | 28.10M | 14.52M | 4.68M |
| Stockholders Equity | 20.26M | 24.84M | 41.29M | 49.54M | 23.21M | 25.98M |
Cash Flow | ||||||
| Free Cash Flow | -12.94M | -10.90M | -3.02M | -14.36M | -19.11M | -6.99M |
| Operating Cash Flow | -13.16M | -10.48M | -2.19M | -13.31M | -18.11M | -6.41M |
| Investing Cash Flow | 175.00K | -482.00K | -4.05M | -5.71M | -1.81M | -582.00K |
| Financing Cash Flow | 10.53M | 7.47M | 1.20M | 27.72M | -342.00K | 2.24M |
Beam Global Technical Analysis
Negative
1.71
Price Trends
1.23
Negative
1.20
Negative
1.40
Negative
Market Momentum
-0.09
Positive
29.59
Positive
40.23
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Negative. The current price of 1.71 is above the 20-day moving average (MA) of 1.03, above the 50-day MA of 1.23, and above the 200-day MA of 1.40, indicating a bearish trend. The MACD of -0.09 indicates Positive momentum. The RSI at 29.59 is Positive, neither overbought nor oversold. The STOCH value of 40.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEM.
Beam Global Risk Analysis
Beam Global disclosed 46 risk factors in its most recent earnings report. Beam Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beam Global Peers Comparison
UnderperformOutperform
Sector (61)
BEEM
Beam Global
0.91
-1.98
-68.48%
SPRU
Spruce Power Holding
1.33
-1.40
-51.28%
SMXT
SolarMax Technology, Inc.
4.30
-7.52
-63.61%
Beam Global Corporate Events
Regulatory Filings and ComplianceShareholder Meetings
Beam Global Sets Deadlines for 2026 Governance Actions
Neutral
Oct 15, 2026
Beam Global has scheduled its 2026 annual meeting of stockholders for Thursday, December 17, 2026, at 9:30 a.m. Pacific Time at its San Diego, California headquarters, with the record date set as the close of business on October 19, 2026. The meet...
Business Operations and StrategyM&A Transactions
Beam Global to Acquire Drone Inspector ScoutDI AS
Positive
Oct 7, 2026
On October 6, 2026, Beam Global agreed to acquire all of the issued and outstanding shares of Norwegian drone inspection specialist ScoutDI AS in a share sale and purchase transaction, for a base purchase price of $24 million paid largely in cash ...
Executive/Board Changes
Beam Global Awards Major Equity Grants to Executives
Positive
Sep 24, 2026
On September 21, 2026, Beam Global’s board approved significant stock awards under its 2021 Equity Incentive Plan for two top executives, reflecting compensation for performance in fiscal year 2025. President and CEO Desmond Wheatley receive...
Business Operations and StrategyM&A Transactions
Beam Global Plans Transformational European Drone Technology Acquisition
Positive
Sep 22, 2026
On September 22, 2026, Beam Global announced it had signed a non-binding letter of intent to acquire a vertically integrated European drone technology company that develops, manufactures and sells drones and AI-enhanced software. If completed, the...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.