Beam Global (BEEM)
NASDAQ:BEEM
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Beam Global
(NASDAQ:BEEM)
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Rating:49Neutral
Price Target:
$1.50
▼(-1.32% Downside)
Action:Reiterated
Date:05/18/26
The score is held back primarily by weak financial performance (continued losses, poor margins, and negative cash flow). Earnings-call indicators provide a partial offset via backlog growth and reported Q2 acceleration alongside solid liquidity, while technicals are neutral and valuation is constrained by loss-making results and no dividend.
Positive Factors
Backlog Growth & Demand Visibility
A 50% backlog increase to $9.0M provides multi-month revenue visibility and supports near-term conversion into shipments. This backlog helps stabilize top-line forecasts, enables better production planning, and underpins potential operating leverage as fixed costs are spread across higher volumes.
Negative Factors
Sustained Negative Cash Flow
Persistent negative operating and free cash flow (~-$11M TTM) reflects ongoing cash burn and indicates the business is not yet self-funding. Continued outflows increase reliance on external financing or credit availability, raising dilution and execution risk if revenue momentum stalls.
Read all positive and negative factors
Positive Factors
Negative Factors
Backlog Growth & Demand Visibility
A 50% backlog increase to $9.0M provides multi-month revenue visibility and supports near-term conversion into shipments. This backlog helps stabilize top-line forecasts, enables better production planning, and underpins potential operating leverage as fixed costs are spread across higher volumes.
Read all positive factors
Beam Global (BEEM) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$31.53M
Dividend YieldN/A
Average Volume (3M)784.15K
Price to Earnings (P/E)―
Beta (1Y)0.99
Revenue Growth-39.07%
EPS Growth36.89%
CountryUS
Employees245
SectorTechnology
Sector Strength88
IndustrySolar
Share Statistics
EPS (TTM)-1.01
Shares Outstanding22,201,586
10 Day Avg. Volume602,156
30 Day Avg. Volume784,155
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 Cap0.81
Enterprise Value/Revenue1.02
Enterprise Value/Gross Profit9.85
Enterprise Value/Ebitda-1.87
Forecast
1Y Price Target
$2.67Price Target Upside75.44% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)-0.52
Revenue Forecast (FY)$39.87M
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:May 15, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 19, 2026
Earnings Call Sentiment Neutral
The call presented a mix of near-term financial headwinds and clear operational progress. Q1 showed a material revenue decline (–51%) and margin compression driven by timing, seasonality and noncash accounting items, but management highlighted strong backlog growth (+50%), early Q2 revenue acceleration, international/commercial diversification (international share rose to 51%; commercial revenues +48% YoY to 78% of sales), strategic product/IP developments (autonomous wireless charging, drone batteries, new patents) and a healthy liquidity position (no debt, $1.0M cash increase, $100M unused credit line). Given the pronounced short-term financial challenges offset by tangible operational wins, backlog strength and momentum into Q2, the overall tone is balanced between risks and opportunities.Positive Updates
Backlog Growth
Backlog increased 50% during the quarter from $6.0M at 12/31/25 to $9.0M at 3/31/26, with >50% attributable to smart city applications, ~33% to energy storage and the balance to EV ARC and related products.
Negative Updates
Sharp Revenue Decline
Q1 2026 revenue was $3.1M, a 51% decline versus $6.3M in Q1 2025, primarily due to order timing (two large orders pushed into Q2), seasonal slowdowns in Europe, and reduced U.S. federal government EV spending.
Read all updates
Q1-2026 Updates
Positive
Negative
Backlog Growth
Backlog increased 50% during the quarter from $6.0M at 12/31/25 to $9.0M at 3/31/26, with >50% attributable to smart city applications, ~33% to energy storage and the balance to EV ARC and related products.
Read all positive updates
Company Guidance
Management said the business is accelerating: backlog grew 50% to $9.0M (from $6.0M at 12/31/25), split >50% smart city, ~33% energy storage and the balance EV ARC; Q1 revenue was $3.1M (down 51% y/y from $6.3M) but Q2-to-date has already exceeded Q1 (half of Q2 generated as much revenue as all of Q1), and Q4/25 was 50% higher than the prior quarter. They noted international customers were 51% of Q1 revenue (vs 25% a year ago) and nongovernment commercial revenue rose 48% y/y to 78% of total. Financials: a gross loss of $0.4M (−13.3%) included $0.7M of noncash D&A/amortization, adjusted non‑GAAP gross margin 9.4% (vs 20.6% prior); operating expenses $6.3M (prior period $16M included $10.8M goodwill impairment); net loss $6.9M (vs $15.5M), non‑GAAP net loss $3.7M (vs $3.0M). Liquidity: working capital $6.2M (down $2.7M; underlying operational decline ~$0.9M after excluding a $1.8M reserve), cash up $1.0M, essentially debt‑free with an unused $100M credit facility and no going concern. Management emphasized improving unit economics (>30% across the portfolio, EV ARC around 40%), meaningful operating leverage as volumes recover, and an expectation of revenue recovery and growth as backlog converts.Beam Global Financial Statement Overview
Summary
Income Statement
18
Very Negative
Balance Sheet
66
Positive
Cash Flow
24
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 | -22.85M | -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
Negative
1.52
Price Trends
1.62
Negative
1.61
Negative
2.02
Negative
Market Momentum
-0.05
Positive
37.33
Neutral
11.93
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For BEEM, the sentiment is Negative. The current price of 1.52 is below the 20-day moving average (MA) of 1.78, below the 50-day MA of 1.62, and below the 200-day MA of 2.02, indicating a bearish trend. The MACD of -0.05 indicates Positive momentum. The RSI at 37.33 is Neutral, neither overbought nor oversold. The STOCH value of 11.93 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEM.
Beam Global Risk Analysis
Beam Global disclosed 46 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)
BEEM
Beam Global
1.44
-0.26
-15.29%
SPRU
Spruce Power Holding
2.96
1.04
54.17%
SMXT
SolarMax Technology, Inc.
0.54
-0.54
-50.37%
Beam Global Corporate Events
Business Operations and Strategy
Beam Global plans new headquarters after lease termination
Neutral
May 1, 2026
Beam Global disclosed that on April 27, 2026 its landlord, PNN Holdings LP, exercised a contractual right to terminate the lease on the company’s San Diego, California headquarters at 5660 Eastgate Drive. The lease had been extended in Janua...
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.