Maxim Group reiterated coverage of Beam Global with a rating of Buy and set a new price target of $50.00 from $90.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/30/2023 | Hold | Needham | |
| 2/13/2023 | $25.00 | Outperform | Northland Capital |
| 11/14/2022 | $30.00 | Neutral → Buy | H.C. Wainwright |
| 6/17/2022 | $23.00 | Buy | B. Riley Securities |
SAN DIEGO, March 06, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a record-breaking increase in energy storage solutions (ESS) sales. Contracted orders in the first two months of 2025 are nearly three times the total for the entire first quarter of 2024, representing a 200% increase in new ESS orders. This significant growth highlights strong market demand for Beam's advanced energy storage technology. Since the start of 2025, Beam Global's ESS sales have seen unprecedented growth, driven by increasing adoption across various ind
SAN DIEGO, Feb. 27, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced record sales for the first two months of 2025, in Europe. Beam Global has achieved a 79% increase in new contracted orders in its European division, compared to the same period in 2024, demonstrating that the European market represents a significant growth and diversification opportunity for the Company. Since the beginning of the year, contracted product sales have increased to a new record, driven by strong demand for street lighting and other infrastructure
SAN DIEGO, Jan. 30, 2025 (GLOBE NEWSWIRE) -- Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced today that it is expanding its sales network in Europe with the addition of three new business partners: Seltis Glass Design S.R.L. for the Romanian marketEvrosimovski Consulting Ltd. for the North Macedonian marketBBA International for the Albanian market "These distributor agreements with quality companies are an excellent continuation of our efforts to expand our selling resources across Europe," said Desmond Wheatley, CEO of Beam Global. "We have existing
Needham resumed coverage of Beam Global with a rating of Hold
Northland Capital initiated coverage of Beam Global with a rating of Outperform and set a new price target of $25.00
H.C. Wainwright upgraded Beam Global from Neutral to Buy and set a new price target of $30.00
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8-K - Beam Global (0001398805) (Filer)
8-K - Beam Global (0001398805) (Filer)
10-Q - Beam Global (0001398805) (Filer)
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), the leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its third quarter results for the period ended September 30, 2024. Q3 2024 Financial Highlights: Gross Margin was 10.7% of sales, our highest Q3 margin ever, 9 percentage points increase over Q3 2023YTD Gross Margin 12.4%, 11 percentage points increase over 2023 47.9% revenue derived from commercial customersRecord Pipeline of over $200 millionBacklog of $7 millionDebt free and $100 million line of credit available and unused Q3 2024
SAN DIEGO, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that it will report its Q3 2024 operating results on Friday, November 15, 2024 after the market closes. Management will host a conference call on Friday, November 15, 2024 at 4:30 p.m. ET to review financial results and provide an update on corporate developments. Following management's formal remarks, there will be a question-and-answer session. Conference call details: Date: November 15, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free
SAN DIEGO, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), (the "Company"), a provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced its second quarter results for the period ended Q2 2024. Q2 2024 Financial Highlights: Increased revenue 2% to $14.8 million over Q1 2024Record gross margin of 16%, an increase over Q1 2024 of 6 percentage points31% of revenue derived from commercial customersBacklog of $11 million; record pipeline of over $183 millionNet cash used of $0.1 million in operating activities for the six months ended Q2 2024Debt free and $100 million line of credit available and
SAN DIEGO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, is pleased to announce the appointment of Andy Lovsted as Vice President of Sales. In this role Mr. Lovsted will spearhead Beam Global's sales strategy to expand the company's footprint in electric vehicle (EV) infrastructure and energy security markets. Mr. Lovsted is a proven leader in managing sales for large enterprises and in emerging markets with over 20 years of executive leadership experience in the technology sector. He is recognized for his ability to transform sales organ
SAN DIEGO, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced Beam Global and the company's products will be introduced in Ethiopia as a first move to support the African continent and serve the esteemed Ethiopian government in its progressive efforts to electrify transportation and build a more sustainable and adaptable energy infrastructure. The Government of Ethiopia (GOE) recently became the first country to ban and prohibit import of both new and used internal combustion engine vehicles, including gas and diesel, as part o
SAN DIEGO, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Beam Global, (NASDAQ:BEEM, BEEMW))), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, announced that former Nuclear Navy Officer Mark Myers has joined the Beam Global executive team as chief operating officer (COO). Mr. Myers is a proven manufacturing and operations executive with over 20 years of experience leading lean transformations in design, manufacturing and logistics. He has a track record in scaling high-growth organizations with strong gains in efficiency while expanding and adding manufacturing facilities and entering new geographies. Previous sen
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