Needham Reiterates "Hold" Rating for Beam Global with $4.38 Average Target Price

Beam Global (BEEM) has a "Hold" rating from Needham analyst Chris Pierce. The company's products include sustainable technology for EV charging, outdoor media, and energy security. Analysts forecast an average target price of $4.38 with an upside of 83.82% from the current price of $2.38. The estimated GF Value in one year is $3.92, suggesting a 64.71% upside.

Beam Global (BEEM) reported its Q2 2025 earnings, revealing a loss of $0.28 per share, compared to the Zacks Consensus Estimate of a loss of $0.29 [1]. This marks a significant improvement from the same period last year, when the company posted a loss of $0.14 per share. The company also missed revenue estimates by 4.52%, reporting $7.08 million in revenues for the quarter [1]. Despite the earnings surprise of +3.45%, Beam Global's stock has lost about 23.7% since the beginning of the year, underperforming the S&P 500's gain of 10% [1].

Needham analyst Chris Pierce has given Beam Global a "Hold" rating, forecasting an average target price of $4.38, representing an 83.82% upside from the current price of $2.38 [2]. The estimated GF Value in one year is $3.92, suggesting a 64.71% upside [2]. Analysts attribute the stock's potential growth to its sustainable technology for EV charging, outdoor media, and energy security products.

The sustainability of Beam Global's stock price will depend on management's commentary during the earnings call and future earnings expectations. Investors should monitor the company's earnings outlook, as near-term stock movements often correlate with trends in earnings estimate revisions [1]. The current consensus EPS estimate for the coming quarter is -$0.25, with revenues expected to be $9.84 million [1].

While Beam Global has shown resilience in surpassing consensus EPS estimates over the last four quarters, its revenue performance has been less impressive. The company's Zacks Industry Rank places it in the bottom 38% of the 250 plus Zacks industries, indicating a challenging industry environment [1]. BRP Inc. (DOOO), another company in the Automotive - Original Equipment industry, is expected to report its Q2 2025 earnings on August 29, with a quarterly earnings estimate of $0.32 per share [1].

Investors should keep an eye on Beam Global's earnings call and future earnings expectations to gauge the stock's potential for growth. The company's ability to navigate the challenging automotive industry and capitalize on its innovative products will be crucial for its stock's performance.

References:
[1] https://finance.yahoo.com/news/beam-global-beem-reports-q2-214501588.html
[2] Needham Analyst Report (Not available online)