
Beam Global (BEEM) Stock Forecast & Price Target
Beam Global (BEEM) Analyst Ratings
Bulls say
Beam Global demonstrates a positive financial outlook supported by increasing demand for its non-grid tied electric vehicle (EV) charging solutions, which is expected to gain a larger share of federal, state, and commercial spending on EV infrastructure. The company has achieved gross margin improvements from 40-50% on each incremental unit sold, aided by strategic price increases, engineering efficiencies, and cost-effective European manufacturing practices. Furthermore, Beam anticipates reaching adjusted EBITDA breakeven by 2026, underlining its strong position to capitalize on the global electrification trend.
Bears say
Beam Global experienced a significant decline in revenues, reporting $11.5 million for the third quarter of 2024, a 30.4% decrease compared to the $16.5 million recorded in the second quarter of 2023. The company faces challenges in converting its growing pipeline into actual sales, with a backlog reduction of approximately 65% year-over-year, contributing to lowered forward revenue estimates for both 4Q24 and 2025. Additionally, regulatory uncertainty surrounding federal clients and delays related to the re-certification of its EV ARC product have compounded the negative financial outlook, leading to a substantial decrease in price target adjustments.
This aggregate rating is based on analysts' research of Beam Global and is not a guaranteed prediction by Public.com or investment advice.
Beam Global (BEEM) Analyst Forecast & Price Prediction
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