Beam Global (BEEM) AI Stock Analysis

• Market Cap: $52.46M
• Dividend Yield: N/A
• Average Volume (3M): 492.99K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.27
• Revenue Growth: -49.36%
• EPS Growth: -32.19%
• Country: US
• Employees: 245
• Sector: Technology
• Sector Strength: 83
• Industry: Solar
• EPS (TTM): -0.28
• Shares Outstanding: 17,965,149
• 10 Day Avg. Volume: 250,452
• 30 Day Avg. Volume: 492,989
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.40
• Enterprise Value/Revenue: 0.63
• Enterprise Value/Gross Profit: 3.90
• Enterprise Value/Ebitda: -1.04
• 1Y Price Target: $3.50
• Price Target Upside: 25.00% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 56 Neutral
• Price Target: $2.50 ▼(-10.71% Downside)

Beam Global's overall stock score reflects significant financial challenges, including declining revenues and negative profit margins, which weigh heavily on the score. However, positive technical indicators and strategic initiatives, such as geographic expansion and leadership recognition, provide some optimism for future growth. The valuation remains a concern due to negative earnings, but the company's efforts to diversify and improve operational efficiency are promising.

Positive Factors

Financial Performance

Gross profit margins have improved significantly due to more efficient assembly processes and price increases.

International Expansion

International sales have expanded and now represent 25% of total revenue, up from 11% previously.

Revenue Growth

Revenue from commercial customers showed strong growth, increasing by 44% and now constitutes a significant portion of total revenue.

Negative Factors

Cost Risks

There are concerns about U.S. tariffs potentially increasing the cost of imported batteries for the company's products.

Regulatory Concerns

Regulatory uncertainty still an overhang given the Trump administration's messaging on anything EV related.

Revenue Decline

Revenue was down year-over-year due to a significant reduction in federal sales, influenced by the current administration's stance on electric vehicles.

Beam Global Business Overview & Revenue Model

Company Description

Beam Global (BEEM) is a renewable energy company that specializes in providing sustainable energy solutions, primarily through its innovative solar-powered EV charging infrastructure. The company operates in the clean technology sector and focuses on the design, manufacturing, and distribution of electric vehicle charging stations that utilize solar energy and advanced energy management systems. Beam Global's core products include solar-powered EV chargers, energy storage systems, and related software solutions aimed at promoting clean transportation and reducing carbon emissions.

How the Company Makes Money

Beam Global generates revenue primarily through the sale of its solar-powered EV charging stations and related products. The company's revenue model includes direct sales to businesses, municipalities, and government agencies looking to install charging infrastructure for electric vehicles. Additionally, Beam Global benefits from recurring revenue through maintenance contracts and warranties for its products. The company has established partnerships with various stakeholders, including energy companies, to expand its market reach and enhance its product offerings. Factors contributing to its earnings include the growing demand for electric vehicles, government incentives for renewable energy solutions, and increasing investments in sustainable infrastructure.

Beam Global Financial Statement Overview

Summary

Beam Global faces significant financial hurdles with declining revenue and persistent losses impacting profitability and cash flow. The balance sheet shows some stability, but shrinking equity poses a concern. The company needs to address operational inefficiencies and improve cash flow generation to enhance financial performance and sustainability.

Income Statement

Beam Global's income statement shows declining revenue with a significant decrease from $67.35M in 2023 to $41.10M in TTM. The gross profit margin is positive at 15.37% in TTM, but net income remains negative, leading to a net profit margin of -57.83%. The EBIT and EBITDA margins are both negative, indicating continued operational challenges and inefficiencies.

Balance Sheet

The balance sheet reflects moderate leverage, with a debt-to-equity ratio of 0.05. The equity ratio is 57.05%, showing reasonable financial stability. However, the declining stockholders' equity from $49.54M in 2023 to $26.67M in TTM signals weakening financial health and potential risks in sustaining operations.

Cash Flow

Cash flow analysis shows negative free cash flow with a deteriorating trend, from -$14.36M in 2023 to -$1.71M in TTM. The operating cash flow to net income ratio shows a slight improvement, but remains negative at -0.04 in TTM, indicating issues in converting revenue to cash. Negative free cash flow growth rate highlights ongoing liquidity challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	33.36M	49.34M	67.35M	22.00M	9.00M	6.21M
Gross Profit	5.40M	7.30M	1.20M	-1.67M	-971.00K	-711.00K
EBITDA	-20.22M	-6.84M	-14.17M	-18.56M	-6.47M	-5.18M
Net Income	-23.13M	-11.28M	-16.06M	-19.68M	-6.60M	-5.21M
Balance Sheet
Total Assets	46.74M	61.46M	77.64M	37.73M	30.66M	32.90M
Cash, Cash Equivalents and Short-Term Investments	3.41M	4.57M	10.39M	1.68M	21.95M	26.70M
Total Debt	1.81M	1.93M	1.27M	1.70M	2.08M	2.43M
Total Liabilities	19.85M	20.17M	28.10M	14.52M	4.68M	3.75M
Stockholders Equity	26.89M	41.29M	49.54M	23.21M	25.98M	29.15M
Cash Flow
Free Cash Flow	-5.60M	-3.02M	-14.36M	-19.11M	-6.99M	-4.50M
Operating Cash Flow	-4.17M	-2.19M	-13.31M	-18.11M	-6.41M	-4.14M
Investing Cash Flow	-1.94M	-4.05M	-5.71M	-1.81M	-582.14K	-358.90K
Financing Cash Flow	1.97M	1.20M	27.72M	-342.00K	2.24M	27.35M

Beam Global Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2.80
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 2.8 is above the 20-day moving average (MA) of 2.45, above the 50-day MA of 2.17, and above the 200-day MA of 2.40, indicating a bullish trend. The MACD of 0.14 indicates Negative momentum. The RSI at 62.01 is Neutral, neither overbought nor oversold. The STOCH value of 81.75 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for BEEM.

Beam Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	61 Neutral	$35.62B	7.50	-10.94%	1.87%	8.86%	-10.27%
BEEM	56 Neutral	$52.46M	―	-65.81%	―	-49.36%	-32.19%
FTCI	56 Neutral	$103.83M	―	-175.83%	―	-17.53%	8.53%
TURB	54 Neutral	$25.56M	―	-84.64%	―	-26.62%	-65.66%
SPRU	46 Neutral	$27.46M	―	-47.48%	―	22.78%	-27.59%
NOVAQ	40 Underperform	$50.27K	―	-21.91%	―	16.55%	15.72%
VVPR	39 Underperform	$63.10M	―		―	-51.35%	-103.78%

Beam Global Corporate Events

Beam Global Extends San Diego Headquarters Lease

On June 26, 2025, Beam Global announced it has entered into a Lease Extension Agreement with PNN Holdings for its headquarters in San Diego, extending the lease term by six months from September 1, 2025, to February 28, 2026. The agreement includes a monthly base rent of $62,400 plus additional charges, totaling $71,480, and allows the landlord to terminate the lease with a 60-day notice after November 1, 2025.

Beam Global Forms Joint Venture in Middle East

On June 20, 2025, Beam Global entered into a joint venture agreement with The Platinum Group to establish Beam Middle East, LLC in Abu Dhabi, UAE. This joint venture aims to market, sell, manufacture, and distribute Beam Global’s sustainable infrastructure solutions across the Middle East and Africa, supporting Beam Global’s strategy of geographic diversification and revenue growth outside the U.S. The joint venture will be a 50/50 partnership, with Beam Global licensing its proprietary technologies and Platinum Group leveraging its regional relationships to drive business development. The venture is expected to capitalize on the projected $75.6 billion spending on sustainable infrastructure in the region by 2030, offering significant revenue opportunities in the fast-growing EV and renewable energy markets.

Beam Global Awards CEO 870,000 Shares Bonus

On June 4, 2025, Beam Global‘s Board of Directors approved a one-time stock award of 870,000 shares to CEO Desmond Wheatley as bonus compensation. This award recognizes his performance in fiscal years 2023 and 2024 and his role in the acquisitions of All Cell Technologies, Amiga DOO Kraljevo, and Telcom d.o.o Beograd.