Beam Global (BEEM) AI Stock Analysis

• Market Cap: $39.86M
• Dividend Yield: N/A
• Average Volume (3M): 1.54M
• Price to Earnings (P/E): ―
• Beta (1Y): 0.99
• 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: 17,638,153
• 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: 0.53
• Enterprise Value/Revenue: 0.76
• Enterprise Value/Gross Profit: 5.08
• Enterprise Value/Ebitda: -1.49
• 1Y Price Target: $3.50
• Price Target Upside: 92.31% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Neutral
• Price Target: $1.50 ▼(-17.58% Downside)

Beam Global's overall stock score is primarily impacted by its financial performance, which shows significant challenges with declining revenue and persistent losses. Technical analysis indicates bearish momentum, and valuation metrics are unfavorable with a negative P/E ratio. While the earnings call provided some optimism for future growth through strategic expansions and product innovations, current financial pressures remain a significant concern.

Positive Factors

Strategic Expansion

The joint venture in the Middle East opens new growth opportunities, enhancing market reach and potential revenue streams in a promising region.

Product Innovation

Innovative products like BeamFlight and BeamWell diversify offerings, potentially capturing new markets and driving long-term growth.

Energy Storage Growth

Growth in energy storage systems indicates strong demand for differentiated products, supporting revenue stability and market leadership.

Negative Factors

Revenue Decline

Significant revenue decline due to order timing issues suggests challenges in sales execution, impacting short-term financial stability.

Gross Profit Loss

Negative gross profit reflects high fixed costs and pricing challenges, which could hinder profitability and require cost management improvements.

Net Loss Increase

Increased net loss highlights ongoing financial struggles, necessitating strategic adjustments to improve cost efficiency and revenue generation.

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

Beam Global faces significant financial challenges with declining revenue and persistent losses. The income statement shows negative profitability metrics, and while the balance sheet indicates low leverage, the negative return on equity highlights poor shareholder returns. Cash flow improvements are noted, but liquidity remains a concern.

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: 1.82
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 1.82 is below the 20-day moving average (MA) of 1.83, below the 50-day MA of 2.44, and below the 200-day MA of 2.15, indicating a bearish trend. The MACD of -0.11 indicates Negative momentum. The RSI at 41.10 is Neutral, neither overbought nor oversold. The STOCH value of 50.72 is Neutral, 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	$47.62M	-0.63	-18.23%	―	37.59%	72.94%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
SOL	56 Neutral	$98.02M	―	-2.90%	―	-29.98%	-13.97%
BEEM	40 Neutral	$39.86M	-1.47	-80.33%	―	-54.56%	-133.60%
SMXT	40 Underperform	$48.36M	-4.46	―	―	76.60%	70.94%
VVPR	39 Underperform	$39.34M	-0.48	―	―	-51.35%	-103.78%
MAXN	39 Underperform	$54.24M	―	―	―	-54.68%	63.56%

Beam Global Corporate Events

Beam Global Holds Annual Stockholders Meeting

On October 21, 2025, Beam Global held its Annual Meeting of Stockholders at its headquarters, where 58.38% of the outstanding shares were represented. During the meeting, stockholders elected four directors for a one-year term, approved the compensation of named executive officers on an advisory basis, and ratified the appointment of CBIZ CPAs P.C. as the independent registered public accounting firm for the fiscal year ending December 31, 2025.