Beam Global (NASDAQ:BEEM) Forecasted to Earn FY2028 Earnings of $2.75 Per Share

Beam Global (NASDAQ:BEEM) – Stock analysts at HC Wainwright issued their FY2028 earnings estimates for shares of Beam Global in a research note issued to investors on Thursday, April 18th. HC Wainwright analyst A. Dayal expects that the company will earn $2.75 per share for the year. HC Wainwright currently has a “Buy” rating and a $30.00 target price on the stock. The consensus estimate for Beam Global’s current full-year earnings is ($0.50) per share.

A number of other equities analysts have also commented on BEEM. Roth Mkm reissued a “buy” rating and issued a $9.00 price target on shares of Beam Global in a report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of Beam Global in a report on Thursday, April 18th. Finally, B. Riley reduced their target price on shares of Beam Global from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, April 18th.

Beam Global Price Performance

Shares of NASDAQ:BEEM opened at $6.60 on Monday. The company’s fifty day moving average price is $6.72 and its 200-day moving average price is $6.47. The firm has a market capitalization of $95.30 million, a price-to-earnings ratio of -4.49 and a beta of 0.82. Beam Global has a one year low of $5.00 and a one year high of $13.66.

Institutional Investors Weigh In On Beam Global

Large investors have recently added to or reduced their stakes in the company. Barclays PLC bought a new stake in Beam Global in the 3rd quarter worth $128,000. Jump Financial LLC purchased a new stake in shares of Beam Global in the 3rd quarter worth about $130,000. Pathstone Family Office LLC lifted its position in shares of Beam Global by 13.9% in the 3rd quarter. Pathstone Family Office LLC now owns 18,850 shares of the company’s stock worth $139,000 after purchasing an additional 2,305 shares during the period. Calton & Associates Inc. purchased a new stake in shares of Beam Global in the 3rd quarter worth about $143,000. Finally, PFG Investments LLC lifted its position in Beam Global by 97.0% during the 1st quarter. PFG Investments LLC now owns 23,051 shares of the company’s stock valued at $157,000 after acquiring an additional 11,348 shares during the period. Institutional investors own 26.59% of the company’s stock.

Beam Global Company Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.