Roth Capital raised the firm’s price target on Beam Global (BEEM) to $3 from $2.50 and keeps a Buy rating on the shares. The firm views the company’s Q2 results as mixed with “tepid” order trends. It rolled the price target to 2026 estimates rolling and cites low expectations and positive execution on cost controls for the Buy rating.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on BEEM:
- Beam Global: Balanced Outlook Amid Operational Progress and Market Challenges
- Beam Global Reports Revenue Growth and Strategic Expansion
- Beam Global reports 21% ESS revenue growth in 1H, $2M order from major client
- Beam Global Extends San Diego Headquarters Lease
- Beam Global Forms Joint Venture in Middle East