Beam Global's stock surged by 30.51% in pre-market trading as it reached a 20-day high.
The New Jersey Department of the Treasury has purchased multiple EV ARC™ off-grid electric vehicle charging systems, marking the third state division to deploy these systems. This procurement indicates sustained government demand for renewable energy infrastructure and highlights Beam Global's ongoing growth potential in the public sector market. CEO Desmond Wheatley emphasized the efficiency of leveraging the GSA contract for rapid deployment of charging infrastructure.
This contract not only reinforces Beam Global's commitment to sustainability but also positions the company favorably within the clean energy and transportation sectors, suggesting a promising outlook for future growth.
Wall Street analysts forecast BEEM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEEM is 3.50 USD with a low forecast of 3.50 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast BEEM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BEEM is 3.50 USD with a low forecast of 3.50 USD and a high forecast of 3.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 1.720
Low
3.50
Averages
3.50
High
3.50
Current: 1.720
Low
3.50
Averages
3.50
High
3.50
Roth Capital
Buy
maintain
$3
2025-08-15
Reason
Roth Capital
Price Target
$3
AI Analysis
2025-08-15
maintain
Buy
Reason
Roth Capital raised the firm's price target on Beam Global to $3 from $2.50 and keeps a Buy rating on the shares. The firm views the company's Q2 results as mixed with "tepid" order trends. It rolled the price target to 2026 estimates rolling and cites low expectations and positive execution on cost controls for the Buy rating.
B. Riley
Buy
downgrade
$5 -> $4
2025-05-20
Reason
B. Riley
Price Target
$5 -> $4
2025-05-20
downgrade
Buy
Reason
B. Riley lowered the firm's price target on Beam Global to $4 from $5 and keeps a Buy rating on the shares, citing lower estimates for 2025 and 2026 after Beam reported Q1 revenue of $6.3M, reflecting a 25% decrease quarter-over-quarter and 57% decrease year-over-year.
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Maxim
Maxim
Buy
maintain
$5 -> $4
2025-05-19
Reason
Maxim
Maxim
Price Target
$5 -> $4
2025-05-19
maintain
Buy
Reason
Maxim lowered the firm's price target on Beam Global to $4 from $5 but keeps a Buy rating on the shares. The company's Q1 results saw revenue decline 57% y/y, below the firm's estimate, due to fewer deliveries of electric vehicle charging infrastructure units to U.S. government agencies, though its revenue from commercial customers rose 44% y/y to 43% of revenue and international now represents 25% of revenue, the analyst tells investors in a research note.
Needham
Chris Pierce
Hold
Reiterates
n/a
2025-04-14
Reason
Needham
Chris Pierce
Price Target
n/a
2025-04-14
Reiterates
Hold
Reason
About BEEM
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. The Company develops designs, engineers, manufactures, and sells renewably energized infrastructure products for electric vehicle (EV) charging. It also manufactures steel structures with electronic integration such as street lighting, cell towers and energy infrastructure products, as well as power electronics including invertors, charge controllers, power supplies and light-emitting diode (LED) lighting. Its product offerings include EV ARC Electric Vehicle Autonomous Renewable Charger, Solar Tree Direct Current Fast Charge (DCFC), EV ARC DCFC, BeamSpot, BeamBike, BeamPatrol, BeamWell, and UAV ARC. Its EV ARC Electric Vehicle Autonomous Renewable Charger is a patented 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.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
