Beam Global (BEEM) AI Stock Analysis

• Market Cap: $45.33M
• Dividend Yield: N/A
• Average Volume (3M): 1.29M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.21
• Revenue Growth: -49.36%
• EPS Growth: -32.19%
• Country: US
• Employees: 245
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -0.28
• Shares Outstanding: 17,638,153
• 10 Day Avg. Volume: 3,484,075
• 30 Day Avg. Volume: 1,288,567
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.46
• Enterprise Value/Revenue: 0.63
• Enterprise Value/Gross Profit: 3.90
• Enterprise Value/Ebitda: -1.04
• 1Y Price Target: $3.50
• Price Target Upside: 36.19% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 55 Neutral
• Price Target: $3.00 ▲(16.73% Upside)

Beam Global's overall stock score is driven by significant financial challenges and a challenging valuation environment. However, positive technical indicators and strategic improvements highlighted in the earnings call provide some optimism for future growth.

Positive Factors

Patent Grant

The new patent for Phase Change Composite material enhances Beam Global's competitive edge in battery technology, supporting robust performance in extreme environments and potentially increasing market appeal and product differentiation.

Geographic Expansion

Expanding into the Middle East and Europe diversifies revenue streams and reduces dependence on North American markets, positioning Beam Global for long-term growth in emerging markets with rising demand for sustainable infrastructure.

Reseller Network Expansion

Expanding the reseller network in Europe increases market reach and sales potential without significantly increasing operating expenses, enhancing Beam Global's ability to scale efficiently and improve profitability.

Negative Factors

Declining Federal Sales

The decline in federal sales reduces a significant revenue source, potentially impacting Beam Global's overall financial performance and necessitating a shift in strategy to compensate for lost government contracts.

Impairment of Goodwill

The goodwill impairment reflects a decrease in market valuation, which can affect investor perception and financial stability, highlighting the need for Beam Global to improve operational efficiencies and market confidence.

Cash Flow Issues

Negative cash flow indicates ongoing cash burn, which can strain Beam Global's ability to fund operations and growth initiatives, necessitating strategic adjustments to improve cash management and financial health.

Beam Global Business Overview & Revenue Model

Company Description

Beam Global (BEEM) is a renewable energy company that specializes in providing sustainable energy solutions, primarily through its innovative solar-powered EV charging infrastructure. The company operates in the clean technology sector and focuses on the design, manufacturing, and distribution of electric vehicle charging stations that utilize solar energy and advanced energy management systems. Beam Global's core products include solar-powered EV chargers, energy storage systems, and related software solutions aimed at promoting clean transportation and reducing carbon emissions.

How the Company Makes Money

Beam Global generates revenue primarily through the sale of its solar-powered EV charging stations and related products. The company's revenue model includes direct sales to businesses, municipalities, and government agencies looking to install charging infrastructure for electric vehicles. Additionally, Beam Global benefits from recurring revenue through maintenance contracts and warranties for its products. The company has established partnerships with various stakeholders, including energy companies, to expand its market reach and enhance its product offerings. Factors contributing to its earnings include the growing demand for electric vehicles, government incentives for renewable energy solutions, and increasing investments in sustainable infrastructure.

Beam Global Financial Statement Overview

Summary

Beam Global faces significant financial challenges with declining revenues, negative profit margins, and cash flow issues. While the balance sheet shows low leverage, the company struggles with profitability and cash generation. The solar industry context may offer growth opportunities, but the current financial trajectory requires strategic improvements to achieve stability and profitability.

Income Statement

Beam Global's income statement shows a challenging financial position with declining revenues and negative profit margins. The TTM data reveals a significant revenue decline of 18.83% and a net profit margin of -57.83%, indicating substantial losses. Despite a slight improvement in gross profit margin to 15.37% in the TTM, the company struggles with negative EBIT and EBITDA margins, reflecting operational inefficiencies and high costs relative to revenue.

Balance Sheet

The balance sheet indicates a relatively low debt-to-equity ratio of 0.063 in the TTM, suggesting conservative leverage. However, the return on equity is negative at -60.26%, reflecting the company's inability to generate profit from shareholders' equity. The equity ratio stands at 57.52%, indicating a stable capital structure, but the negative ROE highlights profitability challenges.

Cash Flow

Cash flow analysis reveals a concerning trend with negative operating cash flow and free cash flow. The TTM data shows a significant increase in free cash flow growth rate, but this is from a negative base, indicating ongoing cash burn. The operating cash flow to net income ratio is negative, highlighting cash flow issues relative to net losses. The free cash flow to net income ratio is positive, suggesting some efficiency in managing cash relative to net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.36M	49.34M	67.35M	22.00M	9.00M	6.21M
Gross Profit	5.40M	7.30M	1.20M	-1.67M	-971.00K	-711.00K
EBITDA	-20.22M	-6.84M	-14.17M	-18.56M	-6.47M	-5.18M
Net Income	-23.13M	-11.28M	-16.06M	-19.68M	-6.60M	-5.21M
Balance Sheet
Total Assets	46.74M	61.46M	77.64M	37.73M	30.66M	32.90M
Cash, Cash Equivalents and Short-Term Investments	3.41M	4.57M	10.39M	1.68M	21.95M	26.70M
Total Debt	1.81M	1.93M	1.27M	1.70M	2.08M	2.43M
Total Liabilities	19.85M	20.17M	28.10M	14.52M	4.68M	3.75M
Stockholders Equity	26.89M	41.29M	49.54M	23.21M	25.98M	29.15M
Cash Flow
Free Cash Flow	-5.60M	-3.02M	-14.36M	-19.11M	-6.99M	-4.50M
Operating Cash Flow	-4.17M	-2.19M	-13.31M	-18.11M	-6.41M	-4.14M
Investing Cash Flow	-1.94M	-4.05M	-5.71M	-1.81M	-582.14K	-358.90K
Financing Cash Flow	1.97M	1.20M	27.72M	-342.00K	2.24M	27.35M

Beam Global Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 2.57
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Neutral. The current price of 2.57 is below the 20-day moving average (MA) of 2.60, above the 50-day MA of 2.56, and above the 200-day MA of 2.26, indicating a neutral trend. The MACD of 0.06 indicates Positive momentum. The RSI at 49.36 is Neutral, neither overbought nor oversold. The STOCH value of 40.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for BEEM.

Beam Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
BEEM	55 Neutral	$45.33M	―	-65.81%	―	-49.36%	-32.19%
FTCI	55 Neutral	107.25M	-1.98	-255.34%	―	-17.53%	8.53%
TURB	54 Neutral	63.46M	-17.59	-127.18%	―	-26.62%	-65.66%
SPRU	49 Neutral	37.10M	-0.49	-62.22%	―	22.78%	-27.59%
NOVAQ	40 Underperform	25.14K	>-0.01	-20.09%	―	16.55%	15.72%
VVPR	39 Underperform	47.33M	-0.72	―	―	-51.35%	-103.78%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Beam Global Corporate Events

Beam Global Extends San Diego Headquarters Lease

On June 26, 2025, Beam Global announced it has entered into a Lease Extension Agreement with PNN Holdings for its headquarters in San Diego, extending the lease term by six months from September 1, 2025, to February 28, 2026. The agreement includes a monthly base rent of $62,400 plus additional charges, totaling $71,480, and allows the landlord to terminate the lease with a 60-day notice after November 1, 2025.

Beam Global Forms Joint Venture in Middle East

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.

Beam Global Awards CEO 870,000 Shares Bonus

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.