Beam Global Goes Global [Seeking Alpha]
Beam Global (BEEM)
Company Research
Source: Seeking Alpha
The company recently expanded its global footprint with the acquisition of Serbian streetlamp company Amiga. BEEM's European expansion is expected to accelerate revenue growth and may achieve profitability within the next year. Beam Global ( NASDAQ: BEEM ) provides electric vehicle ("EV") charging stations for off the grid locations and for emergency backup power. The company is also a provider of battery products and will soon introduce a curbside streetlamp charger. Beam increased its global footprint just a few months ago with the acquisition of Serbia-based streetlamp company Amiga, which seems to be a perfect fit. My investment thesis is that the company's product and European expansion will accelerate the company's already fast-growing revenue, as well as make profitability attainable within the next year. This investment opportunity has been enhanced by the recent selloff in the EV sector, taking BEEM shares along for a decline of almost 60% over the last 52 weeks, despi
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BEEM
News
- U.S. National Park Service Deploys Beam Global EV ARC™ Solar-Powered EV Charging Systems at Headquarters at the National Mall [Yahoo! Finance]Yahoo! Finance
- U.S. National Park Service Deploys Beam Global EV ARC™ Solar-Powered EV Charging Systems at Headquarters at the National MallGlobeNewswire
- Beam Global (NASDAQ: BEEM) had its "buy" rating re-affirmed by analysts at Roth Mkm. They now have a $9.00 price target on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its price target lowered by analysts at B. Riley from $18.00 to $15.00. They now have a "buy" rating on the stock.MarketBeat
- Beam Global (NASDAQ: BEEM) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
BEEM
Earnings
- 11/14/23 - Beat
BEEM
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/17/24 - Form 25-NSE
- 4/17/24 - Form 8-K
- BEEM's page on the SEC website