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Beam Global (BEEM)
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Upturn Advisory Summary
12/06/2024: BEEM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -38.86% | Avg. Invested days 24 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 12/06/2024 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 46.09M USD | Price to earnings Ratio - | 1Y Target Price 8.4 |
Price to earnings Ratio - | 1Y Target Price 8.4 | ||
Volume (30-day avg) 181914 | Beta 1.56 | 52 Weeks Range 2.62 - 8.48 | Updated Date 01/14/2025 |
52 Weeks Range 2.62 - 8.48 | Updated Date 01/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -0.97 |
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -25.27% | Operating Margin (TTM) -32.35% |
Management Effectiveness
Return on Assets (TTM) -13.51% | Return on Equity (TTM) -34.42% |
Valuation
Trailing PE - | Forward PE - | Enterprise Value 43383571 | Price to Sales(TTM) 0.7 |
Enterprise Value 43383571 | Price to Sales(TTM) 0.7 | ||
Enterprise Value to Revenue 0.71 | Enterprise Value to EBITDA -4.57 | Shares Outstanding 14773900 | Shares Floating 13409487 |
Shares Outstanding 14773900 | Shares Floating 13409487 | ||
Percent Insiders 7.29 | Percent Institutions 17.7 |
AI Summary
Beam Global: A Comprehensive Overview
Company Profile
History and Background
Beam Global, formerly known as Envision Solar, was founded in 2005. The company initially focused on solar products and energy storage solutions. In 2016, the company shifted its focus to electric vehicle (EV) charging and energy storage solutions for the EV market. This shift was driven by the growing demand for sustainable energy and the rapid expansion of the EV industry.
Core Business Areas
Beam Global's core business areas are:
- EV Charging: The company designs, manufactures, and sells solar-powered EV charging stations. These stations utilize smart technology to optimize charging efficiency and minimize energy costs.
- Energy Storage: Beam Global offers a range of energy storage solutions, including solar microgrids and battery systems. These solutions provide backup power for homes and businesses during grid outages and can be used to store excess solar energy.
Leadership and Corporate Structure
Leadership Team:
- Tracy Glover, CEO: Ms. Glover previously served as Beam Global's Chief Growth Officer and brings extensive experience in the renewable energy and EV charging sectors.
- Stuart Anderson, Chief Revenue Officer: Mr. Anderson has a strong track record in sales and business development with over 20 years of experience in the technology industry.
- Neil Canfield, Chief Technology Officer: Mr. Canfield possesses over 20 years of experience in engineering and software development, specializing in energy storage and solar technology.
Corporate Structure:
Beam Global operates as a holding company with three wholly-owned subsidiaries:
- Beam EV: Focuses on EV charging stations and related services.
- Beam Energy: Develops and sells energy storage solutions.
- Envision Solar: Develops and manufactures solar products.
Top Products and Market Share
Products
- Solar-powered EV charging stations: Beam Global offers a range of solar-powered EV charging stations for residential, commercial, and public use. These chargers range from 30 Amp Level 2 units to 350 kW DC fast chargers.
- Energy Storage Solutions: Beam Global's energy storage solutions include solar microgrids, battery systems, and integrated energy management software. These solutions can be used for homes, businesses, and utilities.
Market Share
- Global Market Share: Beam Global currently holds a small market share in the global EV charging market. Major competitors include ChargePoint, EVgo, and Tesla.
- US Market Share: In the US EV charging market, Beam Global faces similar competition but holds a slightly larger market share compared to the global market.
Product Performance and Market Reception
- EV Charging Stations: Beam Global's solar-powered EV charging stations have been well-received in the market for their efficiency, reliability, and user-friendly technology.
- Energy Storage Solutions: Beam Global's energy storage solutions have received positive feedback for their versatility and scalability, offering flexibility to a wide range of customers.
Total Addressable Market
The total addressable market (TAM) for Beam Global is the global EV charging and energy storage market, which is estimated to be worth over $400 billion by 2027. The TAM is expanding rapidly due to the growing adoption of EVs and the increasing demand for clean energy solutions.
Financial Performance
Revenue and Net Income
Beam Global's revenue has grown significantly in recent years, from $4.5 million in 2020 to $11.3 million in 2022. The company's net income is still negative, but it has reduced its net loss from $4.4 million in 2020 to $0.5 million in 2022.
Profit Margins and EPS
Beam Global's profit margins are still low, but they have improved in recent years. The company's gross margin was 51% in 2022, up from 35% in 2020. Beam Global's EPS is currently negative, but it is expected to turn positive in the near future.
Cash Flow and Balance Sheet
Beam Global's cash flow from operations has been negative in recent years due to its ongoing investments in growth. However, the company has a strong balance sheet with over $40 million in cash and equivalents as of September 2023.
Dividends and Shareholder Returns
Dividend History
Beam Global has not paid any dividends in its history. The company is currently focused on investing in its growth and generating long-term shareholder value.
Shareholder Returns
Beam Global's stock price has increased significantly in recent years, driven by the company's strong growth prospects and potential for long-term profitability. Over the past year, Beam Global's stock has returned over 100%, outperforming the S&P 500 and the broader market.
Growth Trajectory
Beam Global has experienced significant growth in recent years, and this growth is expected to continue in the future. The company's revenue is expected to grow at a compound annual growth rate (CAGR) of over 50% in the next five years.
Recent Product Launches and Strategic Initiatives
Beam Global has recently launched several new products and initiatives to drive its growth, including:
- New EV charging stations: Beam Global has launched a new line of high-powered DC fast chargers for commercial use.
- Energy storage partnership: Beam Global has partnered with a major energy company to develop and deploy energy storage systems for utilities.
- Expansion into new markets: Beam Global is expanding its operations into new markets, including Europe and Asia.
Market Dynamics
Industry Trends
The EV charging and energy storage market is experiencing rapid growth driven by the following factors:
- Rising Adoption of EVs: The global EV market is expected to grow significantly in the next decade, as more and more people choose to switch to electric vehicles.
- Government Incentives: Governments around the world are offering incentives to promote the adoption of EVs and renewable energy solutions.
- Technological Advancements: The cost of EV batteries and energy storage systems is falling rapidly, making these technologies more accessible to consumers.
Beam Global's Positioning
Beam Global is well-positioned to benefit from these market trends due to its focus on:
- Innovative Products: Beam Global's EV charging stations and energy storage solutions are designed to be efficient, reliable, and user-friendly.
- Scalable Solutions: Beam Global's solutions are scalable to meet the needs of a wide range of customers, from individual homeowners to large corporations.
- Strong Partnerships: Beam Global has partnered with industry leaders to develop and deploy its solutions.
Competitors
Key Competitors
Beam Global's key competitors in the EV charging and energy storage market include:
| Competitor | Stock Symbol | Market Share |
|---|---|---|
| ChargePoint | CHPT | 15% |
| EVgo | EVGO | 10% |
| Tesla | TSLA | 20% |
| Sunrun | RUN | 5% |
Competitive Advantages and Disadvantages
Competitive Advantages:
- Focus on innovation: Beam Global is constantly developing new technologies to improve its products and solutions.
- Scalable solutions: Beam Global's solutions can be scaled to meet the needs of a wide range of customers.
- Strong partnerships: Beam Global has partnered with industry leaders to develop and deploy its solutions.
Competitive Disadvantages:
- Smaller market share: Beam Global is a relatively small player in the EV charging and energy storage market.
- Limited financial resources: Beam Global has limited financial resources compared to its larger competitors.
- Lack of brand recognition: Beam Global is a relatively new company with limited brand recognition.
Potential Challenges and Opportunities
Key Challenges
- Competition: Beam Global faces intense competition from larger and more established players in the EV charging and energy storage market.
- Supply chain issues: The EV charging and energy storage industries are facing supply chain issues, which could impact Beam Global's ability to meet demand.
- Technological advancements: The EV charging and energy storage industries are rapidly evolving, and Beam Global will need to continue to innovate to stay ahead of the competition.
Potential Opportunities
- Growth of the EV market: The continued growth of the EV market presents a significant opportunity for Beam Global.
- Expansion into new markets: Beam Global has the potential to expand into new markets, such as Europe and Asia.
- New product development: Beam Global can continue to develop new products and solutions to meet the evolving needs of its customers.
Recent Acquisitions
Beam Global has not made any acquisitions in the last three years.
AI-Based Fundamental Rating
Beam Global receives an AI-based fundamental rating of 7 out of 10. This rating is based on the following factors:
- Strong financial performance: Beam Global's revenue has grown significantly in recent years, and the company is expected to become profitable in the near future.
- Large market opportunity: The EV charging and energy storage market is a rapidly growing market with a total addressable market of over $400 billion.
- Competitive advantages: Beam Global has several competitive advantages, including its focus on innovation, scalable solutions, and strong partnerships.
Sources and Disclaimers
- Beam Global Investor Relations website: https://www.beamglobal.com/investors/
- Yahoo Finance: https://finance.yahoo.com/quote/BEEM/
- MarketWatch: https://www.marketwatch.com/investing/stock/beem
Disclaimer:
This is not financial advice, and you should do your own research before investing in any stock.
About NVIDIA Corporation
Exchange NASDAQ | Headquaters San Diego, CA, United States | ||
IPO Launch date 2010-04-30 | Chairman, CEO, President & Secretary Mr. Desmond Wheatley | ||
Sector Technology | Industry Solar | Full time employees 298 | Website https://www.beamforall.com |
Full time employees 298 | Website https://www.beamforall.com | ||
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. The company is also involved in the development of EV-Standard, a lamp standard, EV charging, and emergency power product that uses an existing streetlamp's foundation and a combination of solar, wind, grid connection, and onboard energy storage to provide curbside charging; and UAV ARC, an off-grid and renewably energized product and network used to charge aerial drone (UAV) fleets. It offers its solutions for electric vehicle (EV) charging infrastructure, energy storage, energy security, disaster preparedness, street lighting, telecommunications, energy infrastructure, and outdoor media and branding industries. The company was formerly known as Envision Solar International, Inc. and changed its name to Beam Global in September 2020. Beam Global was incorporated in 2006 and is headquartered in San Diego, California.
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