Beam Global (BEEM)
NASDAQ:BEEM
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Beam Global
(NASDAQ:BEEM)
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Rating:51Neutral
Price Target:
$2.00
▲(31.58% Upside)
Action:ReiteratedDate:04/25/26
The score is held down primarily by weak financial performance—continued losses, declining revenue trend, and ongoing cash burn—despite low leverage. Technical indicators are moderately constructive (price above key short/intermediate moving averages and positive MACD), while valuation is difficult to support given negative earnings and no dividend. Earnings-call commentary adds a modest positive tilt from diversification, backlog, and margin/cost initiatives, but is tempered by the sharp full-year revenue drop and significant GAAP losses.
Positive Factors
New product adoption & portfolio breadth
A high share of recent revenue from new and expanded products shows the company is successfully commercializing R&D and diversifying offerings. Durable product adoption supports repeat sales and cross-sell into mobility, storage and smart‑city channels as deployments scale internationally.
Negative Factors
Sharp multi-year revenue decline
A steep decline in annual revenue materially reduces operating scale and weakens absorption of fixed costs. Sustained top‑line contraction hinders margin recovery, lengthens payback on new customer wins, and raises execution risk for international and commercial expansion plans.
Read all positive and negative factors
Positive Factors
Negative Factors
New product adoption & portfolio breadth
A high share of recent revenue from new and expanded products shows the company is successfully commercializing R&D and diversifying offerings. Durable product adoption supports repeat sales and cross-sell into mobility, storage and smart‑city channels as deployments scale internationally.
Read all positive factors
Beam Global (BEEM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$39.31M
Dividend YieldN/A
Average Volume (3M)1.54M
Price to Earnings (P/E)―
Beta (1Y)1.03
Revenue Growth-42.77%
EPS Growth-121.23%
CountryUS
Employees245
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-0.01
Shares Outstanding21,136,984
10 Day Avg. Volume711,729
30 Day Avg. Volume1,537,647
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)1.02
Price to Sales (P/S)0.89
P/FCF Ratio-2.31
Enterprise Value/Market Cap0.84
Enterprise Value/Revenue1.17
Enterprise Value/Gross Profit9.36
Enterprise Value/Ebitda-2.75
Forecast
1Y Price Target
$3.25Price Target Upside113.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)-0.55
Revenue Forecast (FY)$38.11M
Beam Global Business Overview & Revenue Model
Company Description
Beam Global, a cleantech company, designs, develops, engineers, manufactures, and sells renewably energized products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products. The company's product...
How the Company Makes Money
Beam Global makes money primarily by selling its physical products and systems (e.g., solar-powered, off-grid EV charging and related energy infrastructure solutions) to customers, with revenue recognized from these product sales. Key revenue stre...
Beam Global Earnings Call Summary
Earnings Call Date:Apr 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 14, 2026
Earnings Call Sentiment Neutral
The call balanced clear execution progress against meaningful near-term challenges. Positives include strong Q4 sequential growth, meaningful diversification away from U.S. federal dependence toward commercial and international customers, 70% of Q4 revenue from new products, improvements in non-GAAP gross margin and operating expense discipline (ex-noncash), backlog growth and strategic international partnerships/JV (Beam Middle East). Negatives include a large full-year revenue decline (~43% YoY), a substantial pre-tax GAAP loss driven by lower volumes and a sizable noncash goodwill impairment, tariff-related manufacturing complications, and geopolitical/regulatory uncertainty. Management emphasized momentum, product and geographic diversification, and liquidity preparedness, but the company still faces the challenge of restoring scale and profitable GAAP results.Positive Updates
Strong Q4 Sequential and Year-over-Year Recovery
Q4 2025 revenue was $9.0M, up 56% sequentially (Q3→Q4) and up 7% year-over-year, demonstrating a strong finish to the year after mid-year headwinds.
Negative Updates
Significant Full-Year Revenue Decline
Full-year 2025 revenue was $28.2M versus $49.3M in 2024, a decline of ~43% year-over-year, primarily driven by a sharp reduction in U.S. federal orders after reversal of a federal fleet electrification program.
Read all updates
Q4-2025 Updates
Positive
Negative
Strong Q4 Sequential and Year-over-Year Recovery
Q4 2025 revenue was $9.0M, up 56% sequentially (Q3→Q4) and up 7% year-over-year, demonstrating a strong finish to the year after mid-year headwinds.
Read all positive updates
Company Guidance
Management gave qualitative guidance rather than a numeric 2026 revenue target, saying Beam enters 2026 “with momentum” and expects volumes, margins and cash flow to improve as international and new‑product sales scale; key metrics cited include Q4 revenue $9.0M (+56% sequential, +7% YoY) and FY revenue $28.2M (vs $49.3M in 2024), 70% of Q4 revenue from new/expanded products, commercial customers = 72% of 2025 revenue (up from 38% in 2024) while U.S. federal revenue fell to <5%, backlog $6M at 12/31/25 (current ~ $9M) with >50% international and >30% energy storage, Q4 gross margin 18% and FY GAAP gross margin 13% (non‑GAAP 23%, up from 21%), unit economics >40% gross margin, operating expenses $31.1M including ~ $15M noncash (ex‑noncash OpEx ~$16.1M, down 17% YoY), net loss from operations $27.4M ($9.5M ex‑noncash) vs $8.6M prior year, year‑end working capital $8.9M, cash burn ~$6M in 2025, no debt except vehicle payments, an undrawn $100M credit facility (SOFR+300bp), GSA contract renewed through 2030, and management stressed rapid conversion of AR/backlog to cash (roughly months/~180 days) as the basis for expecting improving profitability as volumes return.Beam Global Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
58
Neutral
Cash Flow
28
Negative
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 28.24M | 49.34M | 67.35M | 22.00M | 9.00M |
| Gross Profit | 3.52M | 7.30M | 1.20M | -1.67M | -971.00K |
| EBITDA | -12.22M | -6.84M | -14.17M | -18.56M | -6.47M |
| Net Income | -27.00M | -11.28M | -16.06M | -19.68M | -6.60M |
Balance Sheet | |||||
| Total Assets | 42.73M | 61.46M | 77.64M | 37.73M | 30.66M |
| Cash, Cash Equivalents and Short-Term Investments | 969.00K | 4.57M | 10.39M | 1.68M | 21.95M |
| Total Debt | 1.50M | 1.93M | 1.27M | 1.70M | 2.08M |
| Total Liabilities | 17.89M | 20.17M | 28.10M | 14.52M | 4.68M |
| Stockholders Equity | 24.84M | 41.29M | 49.54M | 23.21M | 25.98M |
Cash Flow | |||||
| Free Cash Flow | -10.90M | -3.02M | -14.36M | -18.99M | -6.99M |
| Operating Cash Flow | -10.48M | -2.19M | -13.31M | -18.11M | -6.41M |
| Investing Cash Flow | -482.00K | -4.05M | -5.71M | -1.81M | -582.00K |
| Financing Cash Flow | 7.47M | 1.20M | 27.72M | -342.00K | 2.24M |
Beam Global Technical Analysis
Positive
1.52
Price Trends
1.50
Positive
1.62
Negative
2.08
Negative
Market Momentum
<0.01
Negative
51.21
Neutral
35.76
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Positive. The current price of 1.52 is above the 20-day moving average (MA) of 1.48, above the 50-day MA of 1.50, and below the 200-day MA of 2.08, indicating a neutral trend. The MACD of <0.01 indicates Negative momentum. The RSI at 51.21 is Neutral, neither overbought nor oversold. The STOCH value of 35.76 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BEEM.
Beam Global Risk Analysis
Beam Global disclosed 41 risk factors in its most recent earnings report. Beam Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Beam Global Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
51 Neutral | $39.31M | -0.93 | -102.94% | ― | -42.77% | -121.23% | |
43 Neutral | $65.79M | -3.53 | -20.95% | ― | 35.41% | 62.15% | |
42 Neutral | $19.26M | -0.39 | 54.21% | ― | ― | ― | |
40 Underperform | $34.16M | -6.49 | 0.21% | ― | 295.80% | 83.31% |
* Technology Sector Average
BEEM
Beam Global
1.94
0.46
31.08%
SPRU
Spruce Power Holding
3.46
1.48
74.75%
MAXN
Maxeon Solar Technologies
1.13
-2.22
-66.27%
SMXT
SolarMax Technology, Inc.
0.60
-0.48
-44.44%
Beam Global Corporate Events
Business Operations and Strategy
Beam Global Extends San Diego Headquarters Lease Agreement
Neutral
Jan 29, 2026
On January 26, 2026, Beam Global entered into a second lease extension agreement with landlord PNN Holdings, extending the company’s headquarters lease at 5660 Eastgate Drive in San Diego for an additional seven months from March 1, 2026, th...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.