Needham initiated coverage of Beam Global with a rating of Hold
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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, Oct. 29, 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 that it has received the first order for its BeamSpot™ curbside chargers from a Fortune 500 company in the utility and energy solutions sector. Multiple corporate offices will each install three BeamSpot™ systems for EV charging and street lighting. This announcement comes shortly after last month's launch of the product, which is part of Beam Global's line up of renewably energized, grid independent, electric vehicle (EV) charging solutions. The patented BeamSpot™ su
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. 17, 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 the official launch of the BeamWell™ water desalination and e-mobility delivery system. This solution is designed to address critical needs for clean drinking water, mobility and electricity in regions facing humanitarian crises. The BeamWell™ product is based on the patented EV ARC™ system and is a self-sufficient, self-contained operational system for use in war zones and remote or disaster areas where only salt, brackish or dirty water is available because a relia
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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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
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, Aug. 06, 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 Q2 2024 operating results on Tuesday, August 13, 2024 after the market closes. Management will host a conference call on Tuesday, August 13, 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: August 13, 2024Time: 4:30 p.m. Eastern / 1:30 p.m. PacificToll-Free Dial-In
SAN DIEGO, May 21, 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 first quarter results for the period ended March 31, 2024. Q1 2024 Financial and Recent Company Highlights Record first quarter revenue of $14.6 million, 12% increase over Q1 2023Record gross profit with 10.2% gross marginBacklog of $20 million on March 31, 2024; pipeline of over $160 millionDebt free and $100 million line of credit available and unused310% increase in Q1 EV charging new orders from business/commercial sector over Q1 2023$7.4 m
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8-K - Beam Global (0001398805) (Filer)
8-K - Beam Global (0001398805) (Filer)
Beam Global, (NASDAQ:BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced that its Beam AllCell™ energy storage solutions have been selected by a leading provider of solar powered Transport Refrigeration Units (TRUs). The global Refrigerated Trailer market size was valued at USD 4.2 billion in 2023 and is forecast to grow to USD 6.3 billion by 2030, with North America and Europe experiencing steady growth in clean technology solutions for the industry driven by government initiatives and increasing consumer awareness. The California Air Resources Board (CARB) in partnership with CAL
Shares of Helen of Troy Limited (NASDAQ:HELE) fell sharply during Tuesday's session after the company reported soft first-quarter earnings and lowered its FY25 guidance. Helen of Troy reported quarterly earnings of 99 cents per share which missed the analyst consensus estimate of $1.59. The company reported quarterly sales of $416.85 million which missed the analyst consensus estimate of $446.22 million, according to data from Benzinga Pro. Helen of Troy shares dipped 30.3% to $62.06 on Tuesday. Here are some other stocks moving in today’s mid-day session. Gainers Soligenix, Inc. (NASDAQ:SNGX) shares jumped 195% to $5.90 after the company announced interim results for extende
Shares of Mainz Biomed N.V. (NASDAQ:MYNZ) rose sharply in today's pre-market trading after the company announced submission for the FDA Breakthrough Device Designation for its next generation CRC screening test. Mainz Biomed shares jumped 16% to $0.5534 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Pineapple Energy Inc. (NASDAQ:PEGY) rose 85% to $2.22 in pre-market trading. Pineapple Energy engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital raising activities. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares rose 43.5% to $13.26 in pre-market trading after gaining 127% on Mon