B. Riley lowered the firm’s price target on Beam Global (BEEM) to $4 from $5 and keeps a Buy rating on the shares, citing lower estimates for 2025 and 2026 after Beam reported Q1 revenue of $6.3M, reflecting a 25% decrease quarter-over-quarter and 57% decrease year-over-year.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BEEM:
- Beam Global price target lowered to $4 from $5 at Maxim
- Beam Global’s Earnings Call: Mixed Sentiments and Strategic Shifts
- Beam Global Reports Q1 2025 Financial Results
- Beam Global reports 23% increase in Q1 orders for EV ARC charging units
- Beam Global announces sale of first EV ARC systems in Romania