Roth Capital Predicts Beam Global FY2024 Earnings

Beam Global (NASDAQ:BEEM) – Research analysts at Roth Capital issued their FY2024 earnings per share (EPS) estimates for Beam Global in a research note issued on Tuesday, April 1st. Roth Capital analyst C. Irwin expects that the company will post earnings of ($0.62) per share for the year. The consensus estimate for Beam Global’s current full-year earnings is ($0.67) per share. Roth Capital also issued estimates for Beam Global’s Q1 2025 earnings at ($0.16) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.11) EPS, Q4 2025 earnings at ($0.02) EPS and FY2025 earnings at ($0.42) EPS.

Beam Global Stock Performance

Shares of NASDAQ:BEEM opened at $1.79 on Thursday. Beam Global has a one year low of $1.71 and a one year high of $7.68. The company has a 50-day simple moving average of $2.34 and a 200-day simple moving average of $3.43. The stock has a market capitalization of $26.45 million, a price-to-earnings ratio of -1.85 and a beta of 1.27.

Institutional Trading of Beam Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP purchased a new position in shares of Beam Global in the 4th quarter valued at approximately $39,000. Virtue Capital Management LLC acquired a new stake in shares of Beam Global during the third quarter worth $49,000. XTX Topco Ltd grew its position in Beam Global by 96.3% in the 3rd quarter. XTX Topco Ltd now owns 20,332 shares of the company’s stock valued at $100,000 after buying an additional 9,975 shares during the last quarter. Northern Trust Corp increased its stake in Beam Global by 51.6% in the 4th quarter. Northern Trust Corp now owns 54,723 shares of the company’s stock valued at $173,000 after buying an additional 18,628 shares during the period. Finally, Green Alpha Advisors LLC raised its position in Beam Global by 28.1% during the 4th quarter. Green Alpha Advisors LLC now owns 59,982 shares of the company’s stock worth $190,000 after buying an additional 13,162 shares during the last quarter. 26.59% of the stock is owned by hedge funds and other institutional investors.

Beam Global Company Profile

Beam Global, a clean-technology innovation company, engages in the design, development, engineering, manufacture, and sale of renewably energized infrastructure products and battery solutions. Its product portfolio includes EV ARC (electric vehicle autonomous renewable charger), an infrastructure product that uses integrated solar power and battery storage to provide a mounting asset and 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 150kW DC fast charge to one or more electric vehicles, such as electric buses, heavy-duty vehicles, agricultural equipment, public transportation, and electric vehicles used in the construction industry; and EV ARC DCFC, a DC fast charging system for charging EVs.