Roth Capital Comments on Beam Global FY2024 Earnings

Beam Global (NASDAQ:BEEM) – Roth Capital issued their FY2024 earnings per share estimates for Beam Global in a report issued on Tuesday, April 1st. Roth Capital analyst C. Irwin forecasts that the company will post earnings of ($0.62) per share for the year. The consensus estimate for Beam Global’s current full-year earnings is ($0.67) per share. Roth Capital also issued estimates for Beam Global’s Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.42) EPS.

Beam Global Stock Performance

NASDAQ:BEEM opened at $1.79 on Thursday. The stock has a market capitalization of $26.45 million, a price-to-earnings ratio of -1.85 and a beta of 1.27. Beam Global has a 1 year low of $1.71 and a 1 year high of $7.68. The stock has a fifty day moving average price of $2.34 and a two-hundred day moving average price of $3.43.

Hedge Funds Weigh In On Beam Global

A number of large investors have recently made changes to their positions in BEEM. Virtue Capital Management LLC boosted its holdings in Beam Global by 400.0% during the fourth quarter. Virtue Capital Management LLC now owns 50,000 shares of the company’s stock worth $158,000 after buying an additional 40,000 shares in the last quarter. XTX Topco Ltd lifted its position in shares of Beam Global by 106.0% during the 4th quarter. XTX Topco Ltd now owns 41,880 shares of the company’s stock valued at $133,000 after acquiring an additional 21,548 shares during the period. Northern Trust Corp boosted its stake in shares of Beam Global by 51.6% during the 4th quarter. Northern Trust Corp now owns 54,723 shares of the company’s stock worth $173,000 after acquiring an additional 18,628 shares in the last quarter. Green Alpha Advisors LLC grew its holdings in shares of Beam Global by 28.1% in the 4th quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock worth $190,000 after acquiring an additional 13,162 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new position in Beam Global in the 4th quarter valued at approximately $39,000. Hedge funds and other 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.