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Beam Global (BEEM)
NASDAQ:BEEM
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Beam Global
(NASDAQ:BEEM)
Rating:47Neutral
Price Target:
$1.50
▼(-13.29%Downside)
Positive Factors
Financial Performance
Revenue from commercial customers showed strong growth, increasing by 44% and now constitutes a significant portion of total revenue.
Financial Stability
The company ended the quarter with a solid cash position and minimal debt, suggesting it can continue funding operations effectively.
International Expansion
International sales have expanded and now represent 25% of total revenue, up from 11% previously.
Negative Factors
Regulatory Environment
Regulatory uncertainty still an overhang given the Trump administration's messaging on anything EV related.
Revenue Expectations
Q1 revenue missed expectations, and newer segments have yet to offset the loss of federal govt revenues.
Tariffs
There are concerns about U.S. tariffs potentially increasing the cost of imported batteries for the company's products.
Beam Global (BEEM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.76M
Dividend YieldN/A
Average Volume (3M)121.40K
Price to Earnings (P/E)―
Beta (1Y)1.27
Revenue Growth-40.34%
EPS Growth-39.60%
CountryUS
Employees245
SectorTechnology
Sector Strength89
IndustrySolar
Share Statistics
EPS (TTM)-1.04
Shares Outstanding15,426,178
10 Day Avg. Volume139,000
30 Day Avg. Volume121,397
Financial Highlights & Ratios
PEG Ratio-0.05
Price to Book (P/B)7.46
Price to Sales (P/S)0.00
P/FCF Ratio-9.06
Enterprise Value/Market Cap7.29
Enterprise Value/Revenue0.80
Enterprise Value/Gross Profit27.40
Enterprise Value/Ebitda-3.63
Forecast
1Y Price Target
$3.50Price Target Upside102.31% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering4
Beam Global Business Overview & Revenue Model
Company DescriptionBeam Global (BEEM) is a publicly traded company operating in the renewable energy sector, focusing on sustainable energy solutions and infrastructure. The company specializes in developing, manufacturing, and deploying innovative products that enable clean energy access, such as solar-powered electric vehicle (EV) charging stations, energy storage systems, and emergency power solutions. Beam Global is committed to promoting green technologies and helping reduce carbon footprints through its diverse range of eco-friendly offerings.
How the Company Makes MoneyBeam Global generates revenue primarily through the sale of its solar-powered EV charging stations and related infrastructure. Its key products include the EV ARC, a portable solar-powered EV charging station that can be rapidly deployed without the need for construction, and the Solar Tree, which provides shaded parking and solar energy. The company's revenue streams are bolstered by partnerships with municipalities, corporations, and government agencies that are investing in sustainable energy solutions. Additionally, Beam Global benefits from federal and state incentives for renewable energy, as well as increasing demand for EV infrastructure, which is driven by the growing adoption of electric vehicles. These factors significantly contribute to the company's earnings and growth prospects.
Beam Global Earnings Call Summary
Earnings Call Date:May 15, 2025
(Q1-2025)
| % Change Since: -12.18%|
Next Earnings Date:Aug 13, 2025
Earnings Call Sentiment Neutral
The earnings call presents a mixed picture. While there is significant progress in international expansion and a shift towards commercial customers, the company faces challenges such as a substantial decline in revenue due to the loss of federal orders, increased net loss, and a goodwill impairment charge. The sentiment is balanced, reflecting both the company's strategic advancements and financial difficulties.Q1-2025 Updates
Positive Updates
Diverse Revenue Base
In Q1 2025, 53% of revenues were derived from commercial customers compared to 16% in the same period in 2024. International customers comprised 25% of all revenue in Q1 2025 versus 11% in Q1 2024.
Positive Gross Margin Adjustments
Gross margin net of non-cash items was 21% for Q1 2025 versus 12% in Q1 2024, indicating improvement despite lower revenues.
Increase in Sales Orders
Sales orders in Q1 2025 were up 23% over Q4 2024, despite not including any federal government orders.
International Expansion and New Products
International revenues contributed over 25% of Q1 2025 numbers, and new products like BeamPatrol and BeamBike are expected to contribute to future growth.
Negative Updates
Decline in Revenue
Q1 2025 revenues were $6.3 million, about half of what they were during the same period the prior year, primarily due to the cessation of U.S. federal government orders.
Goodwill Impairment Charge
An $11 million goodwill impairment was recognized due to a decrease in stock price, impacting the financial statements despite management's belief in the acquisitions' value.
Increased Net Loss
The Q1 2025 net loss was $15.5 million, compared to a net loss of $3 million in 2024, largely due to $12.5 million in non-cash expense items.
Reduced Cash Balance
Cash balance at the end of March 2025 was $2.5 million, down from $4.6 million at the end of 2024.
Company Guidance
During the Beam Global First Quarter 2025 operating results conference call held on May 16, 2025, the company reported revenues of $6.3 million, with significant diversification in revenue sources, as 53% came from commercial customers compared to 16% in Q1 2024, and international customers made up 25% of the total revenue, up from 11% in the previous year. The company faced a gross margin of 8% due to a non-cash negative impact of $1 million for depreciation and amortization, but net of these non-cash items, the gross margin was 21%, compared to 12% in Q1 2024. Operating expenses were $16 million, including a $10.8 million goodwill impairment due to a decrease in stock price, resulting in a net loss of $15.5 million. Excluding non-cash items, the net loss was $2.8 million, slightly higher than $2.1 million in Q1 2024. The company ended the quarter with a cash balance of $2.5 million, and net cash used for operating activities was $1.8 million. Beam Global remains optimistic about future growth, citing increased international sales and product diversification, despite challenges in the U.S. federal market.Beam Global Financial Statement Overview
Summary
Beam Global's financial performance is weak, with declining revenue and persistent losses. The income statement reveals a significant drop in revenue and negative profit margins. The balance sheet shows moderate leverage but declining equity, and cash flow is negative and deteriorating, highlighting liquidity challenges.Income Statement
Beam Global's income statement shows declining revenue with a significant decrease from $67.35M in 2023 to $41.10M in TTM. The gross profit margin is positive at 15.37% in TTM, but net income remains negative, leading to a net profit margin of -57.83%. The EBIT and EBITDA margins are both negative, indicating continued operational challenges and inefficiencies.40
Negative
Balance Sheet
The balance sheet reflects moderate leverage, with a debt-to-equity ratio of 0.05. The equity ratio is 57.05%, showing reasonable financial stability. However, the declining stockholders' equity from $49.54M in 2023 to $26.67M in TTM signals weakening financial health and potential risks in sustaining operations.45
Neutral
Cash Flow
Cash flow analysis shows negative free cash flow with a deteriorating trend, from -$14.36M in 2023 to -$1.71M in TTM. The operating cash flow to net income ratio shows a slight improvement, but remains negative at -0.04 in TTM, indicating issues in converting revenue to cash. Negative free cash flow growth rate highlights ongoing liquidity challenges.35
Negative
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 41.10M | 49.34M | 67.35M | 22.00M | 9.00M | 6.21M |
| Gross Profit | 6.32M | 7.30M | 1.20M | -1.67M | -971.00K | -711.00K |
| EBITDA | -20.30M | -6.92M | -14.17M | -18.56M | -6.47M | -5.18M |
| Net Income | -23.77M | -11.28M | -16.06M | -19.68M | -6.60M | -5.21M |
Balance Sheet | ||||||
| Total Assets | 46.76M | 61.46M | 77.64M | 37.73M | 30.66M | 32.90M |
| Cash, Cash Equivalents and Short-Term Investments | 2.50M | 4.57M | 10.39M | 1.68M | 21.95M | 26.70M |
| Total Debt | 1.44M | 1.93M | 1.27M | 1.70M | 2.08M | 2.43M |
| Total Liabilities | 20.08M | 20.17M | 28.10M | 14.52M | 4.68M | 3.75M |
| Stockholders Equity | 26.67M | 41.29M | 49.54M | 23.21M | 25.98M | 29.15M |
Cash Flow | ||||||
| Free Cash Flow | -1.71M | -3.02M | -14.36M | -19.11M | -6.99M | -4.50M |
| Operating Cash Flow | -927.00K | -2.19M | -13.31M | -18.11M | -6.41M | -4.14M |
| Investing Cash Flow | -1.31M | -4.05M | -5.71M | -1.81M | -582.14K | -358.90K |
| Financing Cash Flow | 911.00K | 1.20M | 27.72M | -342.00K | 2.24M | 27.35M |
Beam Global Technical Analysis
Positive
1.73
Price Trends
1.56
Positive
1.89
Negative
2.97
Negative
Market Momentum
-0.03
Negative
60.58
Neutral
67.91
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Positive. The current price of 1.73 is above the 20-day moving average (MA) of 1.52, above the 50-day MA of 1.56, and below the 200-day MA of 2.97, indicating a neutral trend. The MACD of -0.03 indicates Negative momentum. The RSI at 60.58 is Neutral, neither overbought nor oversold. The STOCH value of 67.91 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BEEM.
Beam Global Risk Analysis
Beam Global disclosed 41 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
Overall Rating
UnderperformOutperform
Sector (63)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
63 Neutral | $32.90B | 6.03 | -11.70% | 1.95% | 5.55% | -19.87% | |
59 Neutral | $56.92M | ― | -123.52% | ― | -43.69% | 12.75% | |
54 Neutral | $25.76M | ― | -84.64% | ― | -52.61% | -987.53% | |
47 Neutral | $23.76M | ― | -64.61% | ― | -40.34% | -39.60% | |
46 Neutral | $35.30M | ― | -49.28% | ― | 8.97% | -68.08% | |
40 Underperform | $37.11M | ― | ― | -51.35% | -103.78% | ||
39 Underperform | $276.51K | ― | -21.91% | ― | 16.55% | 15.72% |
* Technology Sector Average
Performance Comparison
BEEM
Beam Global
1.73
-2.92
-62.80%
VVPR
VivoPower International
3.83
2.33
155.33%
NOVAQ
Sunnova Energy International
0.02
-6.49
-99.69%
SPRU
Spruce Power Holding
2.08
-1.38
-39.88%
FTCI
FTC Solar
4.50
0.22
5.14%
TURB
Turbo Energy, S.A. Sponsored ADR
2.31
1.15
99.14%
Beam Global Corporate Events
Business Operations and Strategy
Beam Global Forms Joint Venture in Middle East
Positive
Jun 26, 2025
On June 20, 2025, Beam Global entered into a joint venture agreement with The Platinum Group to establish Beam Middle East, LLC in Abu Dhabi, UAE. This joint venture aims to market, sell, manufacture, and distribute Beam Global’s sustainable infrastructure solutions across the Middle East and Africa, supporting Beam Global’s strategy of geographic diversification and revenue growth outside the U.S. The joint venture will be a 50/50 partnership, with Beam Global licensing its proprietary technologies and Platinum Group leveraging its regional relationships to drive business development. The venture is expected to capitalize on the projected $75.6 billion spending on sustainable infrastructure in the region by 2030, offering significant revenue opportunities in the fast-growing EV and renewable energy markets.
The most recent analyst rating on (BEEM) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Beam Global stock, see the BEEM Stock Forecast page.
Executive/Board ChangesM&A Transactions
Beam Global Awards CEO 870,000 Shares Bonus
Positive
Jun 9, 2025
On June 4, 2025, Beam Global‘s Board of Directors approved a one-time stock award of 870,000 shares to CEO Desmond Wheatley as bonus compensation. This award recognizes his performance in fiscal years 2023 and 2024 and his role in the acquisitions of All Cell Technologies, Amiga DOO Kraljevo, and Telcom d.o.o Beograd.
The most recent analyst rating on (BEEM) stock is a Buy with a $2.50 price target. To see the full list of analyst forecasts on Beam Global stock, see the BEEM Stock Forecast page.
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.