

#Beem stock forecast 2021 free#
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With government support, increased public demand and a growing infrastructure, renewable energy has significant long-term potential. Additionally, with solar energy becoming less expensive and more accessible to individuals, a legitimate infrastructure behind the product is starting to emerge. retuning to the Paris Climate Agreement and a promise from the new administration to invest billions into clean energy, the renewable energy equipment and services sector is expected to have a very bright future. 2020 was highlighted by states, cities and businesses pursuing decarbonization and green energy plans. The hope is sub-industry results will show more material recovery in 2021 as commercial end-markets join residential in returning to more normal demand levels. Valuations for the group are currently more in line with historical averages following share price recovery from sharp declines early in 2020 due to macroeconomic uncertainty from numerous headwinds, including the still-evolving total impact of Covid-19. Beam Global does not currently pay a dividend. Analysts expect adjusted earnings to reach $-1.028 per share for the current fiscal year. Year-over-year quarterly sales growth most recently was 76.2%. Beam Global’s trailing 12-month revenue is $13.0 million with a -67.6% profit margin. Read on to find out how ( BEEM) grades on certain investment factors and determine whether it meets your investment needs.Īs of November 01, 2022, Beam Global had a $126.7 million market capitalization, putting it in the 34th percentile of companies in the Renewable Energy Equipment & Services industry.īeam Global does not have a meaningful P/E due to negative earnings over the last 12 trailing months. UAV ARC drone charging product is a range-extending drone recharging product which forms a network intended to provide a range-extending source of battery recharging for drones.Learn more about whether Beam Global is a good stock to buy or sell based on recent news as well as its key financial metrics. Solar Tree system is used for charging electric buses, electric heavy-duty vehicles, electric agricultural equipment, public transportation and electric vehicles used in the construction industry. The EV ARC generates and stores all its own energy and supports Level I, Level II and DC Fast Charging (requiring 4 interconnected units). The Company's products include Electric Vehicle Autonomous Renewable Charger (EV ARC), SolarTree Products, EV-Standard Product, and UAV ARC drone charging product. The Company is engaged in developing, engineering and manufacturing renewably energized products for electric vehicle (EV) charging infrastructure, transportation, outdoor media advertising, energy storage, energy security and outdoor media. Beam Global is a clean-technology company.
