Beam Global (BEEM) AI Stock Analysis

• Market Cap: $28.54M
• Dividend Yield: N/A
• Average Volume (3M): 1.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.87
• Revenue Growth: -54.56%
• EPS Growth: -133.60%
• Country: US
• Employees: 245
• Sector: Technology
• Sector Strength: 88
• Industry: Solar
• EPS (TTM): -0.28
• Shares Outstanding: 19,029,346
• 10 Day Avg. Volume: 711,729
• 30 Day Avg. Volume: 1,537,647
• PEG Ratio: 0.10
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 0.94
• P/FCF Ratio: -15.34
• Enterprise Value/Market Cap: 0.70
• Enterprise Value/Revenue: 0.72
• Enterprise Value/Gross Profit: 4.81
• Enterprise Value/Ebitda: -1.41
• 1Y Price Target: $3.25
• Price Target Upside: 116.67% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 42 Neutral
• Price Target: $1.50 ▲(0.00% Upside)

The score is primarily weighed down by poor financial performance (declining revenue and large losses) despite low leverage. Technicals add pressure with the stock trading below key moving averages and a negative MACD. The earnings call provides some offset through cost improvement and expansion initiatives, but near-term fundamentals and execution risks remain significant; valuation is constrained by negative earnings and no dividend support.

Positive Factors

Differentiated off-grid EV charging

Beam’s core products are self-contained solar+storage EV charging systems that avoid utility hookups and construction. This business model targets customers needing rapid, resilient deployments (municipalities, fleets), supporting durable demand as EV adoption and resilience needs grow.

Strategic international joint venture

The Abu Dhabi JV provides a low-capital route to enter large Middle East markets with partner reimbursement of pre-profit costs. This structurally expands addressable markets, leverages local partners, and can accelerate scale without proportional corporate cash burden.

Product diversification and energy storage growth

Growth in battery and non-EV product lines (BeamFlight, BeamWell, custom drone batteries) reduces dependence on a single product and customer set. Diversification supports more recurring service opportunities and resilience to EV ARC order timing volatility over the medium term.

Negative Factors

Declining revenue and negative margins

Sustained revenue declines and deeply negative margins indicate the company struggles to cover fixed costs and create shareholder value. Without persistent revenue recovery or margin improvement, losses will erode equity and limit reinvestment capacity over the next several quarters.

Weak operating cash conversion and low cash balance

Negative operating cash conversion shows reported losses are not translating into positive operating cash. Combined with a modest cash balance, this creates financing risk for growth or working capital needs, making the company reliant on external funding or improved cash generation.

Execution and government contract timing risk

Dependence on large government orders and timing sensitivity creates revenue volatility; delayed/withheld federal funds can materially depress results and strain fixed overhead. This execution risk can persist as a structural constraint on predictable multi-quarter growth.

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 portfolio include EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a source of power for factory installed electric vehicle charging stations; Solar Tree DCFC, an off-grid, renewably energized, and single-column mounted smart generation and energy storage system to provide a 50kW DC fast charge to one or more electric vehicles or larger vehicles; and EV ARC DCFC, a DC fast charging system for charging EVs. It is also developing EV-Standard, a lamp standard, EV charging, and emergency power product that uses an existing streetlamp's foundation and a combination of solar, wind, grid connection, and onboard energy storage to provide curbside charging; and UAV ARC, an off-grid and renewably energized product and network used to charge aerial drone (UAV) fleets. The company was formerly known as Envision Solar International, Inc. and changed its name to Beam Global in September 2020. Beam Global was incorporated in 2006 and is headquartered in San Diego, California.

How the Company Makes Money

Beam Global generates revenue primarily through the sale of its EV charging products and systems, which are sold to municipalities, businesses, and other organizations looking to enhance their EV infrastructure. The company's revenue model is based on direct sales, lease agreements, and potentially recurring revenue from maintenance and support services. Key revenue streams include the sale of solar-powered charging stations, installation services, and partnerships with automotive and energy companies that enhance their product offerings with Beam's technology. Additionally, government incentives and clean energy grants can contribute to the financial viability of projects, further supporting the company’s earnings.

Beam Global Financial Statement Overview

Summary

Weak profitability and declining revenue drive the score: TTM revenue growth is -17.07% with very negative margins (net margin -105.89%, EBIT margin -49.69%) and low gross margin (14.95%). Balance sheet leverage is conservative (debt-to-equity 0.05; equity ratio 59.46%), but value creation is poor (ROE -96.55%). Cash flow shows some free cash flow improvement (FCF growth 18.04%), yet operating cash flow quality remains problematic (operating cash flow to net income -0.53).

Income Statement

Beam Global's income statement reveals significant challenges. The company has experienced a decline in revenue, with a negative revenue growth rate of -17.07% in the TTM period. Profitability metrics are concerning, with a negative net profit margin of -105.89% and an EBIT margin of -49.69%, indicating substantial losses. The gross profit margin is low at 14.95%, reflecting limited pricing power or high costs. Overall, the income statement shows a downward trend in revenue and persistent losses, highlighting the need for strategic improvements.

Balance Sheet

The balance sheet of Beam Global shows a relatively low debt-to-equity ratio of 0.05, suggesting conservative leverage. However, the return on equity is negative at -96.55%, indicating that the company is not generating returns for shareholders. The equity ratio stands at 59.46%, which is a positive sign of financial stability. Despite the low leverage, the negative ROE and declining equity highlight challenges in profitability and value creation.

Cash Flow

Beam Global's cash flow statement indicates some improvement in free cash flow, with a growth rate of 18.04% in the TTM period. However, the operating cash flow to net income ratio is negative at -0.53, reflecting cash flow challenges. The free cash flow to net income ratio is positive at 1.13, suggesting that free cash flow exceeds net income, which is a positive aspect. Overall, while there are signs of improvement in free cash flow, the negative operating cash flow ratio indicates ongoing liquidity issues.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	27.67M	49.34M	67.35M	22.00M	9.00M	6.21M
Gross Profit	4.14M	7.30M	1.20M	-1.67M	-971.00K	-710.97K
EBITDA	-14.12M	-6.84M	-14.17M	-18.56M	-6.47M	-5.16M
Net Income	-29.30M	-11.28M	-16.06M	-19.68M	-6.60M	-5.21M
Balance Sheet
Total Assets	44.60M	61.46M	77.64M	37.73M	30.66M	32.90M
Cash, Cash Equivalents and Short-Term Investments	3.35M	4.57M	10.39M	1.68M	21.95M	26.70M
Total Debt	1.34M	1.93M	1.27M	1.70M	2.08M	2.43M
Total Liabilities	18.08M	20.17M	28.10M	14.52M	4.68M	3.75M
Stockholders Equity	26.52M	41.29M	49.54M	23.21M	25.98M	29.15M
Cash Flow
Free Cash Flow	-6.64M	-3.02M	-14.36M	-18.99M	-6.99M	-4.50M
Operating Cash Flow	-5.85M	-2.19M	-13.31M	-18.11M	-6.41M	-4.14M
Investing Cash Flow	-799.00K	-4.05M	-5.71M	-1.81M	-582.00K	-358.90K
Financing Cash Flow	6.57M	1.20M	27.72M	-342.00K	2.24M	27.35M

Beam Global Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1.5 is below the 20-day moving average (MA) of 1.71, below the 50-day MA of 1.73, and below the 200-day MA of 2.09, indicating a bearish trend. The MACD of -0.06 indicates Positive momentum. The RSI at 35.06 is Neutral, neither overbought nor oversold. The STOCH value of 11.04 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for BEEM.

Beam Global Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SPRU	62 Neutral	$93.93M	-3.50	-18.23%	―	37.59%	72.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SMXT	47 Neutral	$45.11M	-3.86	―	―	76.60%	70.94%
BEEM	42 Neutral	$28.54M	-0.73	-80.33%	―	-54.56%	-133.60%
VVPR	42 Neutral	$27.37M	-0.19	―	―	-51.35%	-103.78%
MAXN	42 Neutral	$56.27M	-0.02	―	―	-54.68%	63.56%

Beam Global Corporate Events

Beam Global Extends San Diego Headquarters Lease Agreement

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, through September 30, 2026, at a total monthly payment of $71,480 including base rent and common area and other NNN charges. The extension maintains all other original lease terms but grants the landlord the right to terminate the lease at any time with 90 days’ notice, introducing added flexibility for the landlord and some potential uncertainty for Beam Global’s future occupancy and operational planning at its current headquarters location.

The most recent analyst rating on (BEEM) stock is a Sell with a $1.50 price target. To see the full list of analyst forecasts on Beam Global stock, see the BEEM Stock Forecast page.