Maxim Group Reaffirms Their Buy Rating on Beam Global (BEEM)


Maxim Group analyst Tate Sullivan reiterated a Buy rating on Beam Global (BEEM) yesterday and set a price target of $90.00. The company’s shares closed last Wednesday at $59.10.

According to TipRanks.com, Sullivan is a 5-star analyst with an average return of 30.4% and a 50.9% success rate. Sullivan covers the Industrial Goods sector, focusing on stocks such as Natural Gas Services Group, Ceco Environmental, and Capstone Turbine.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Beam Global with a $56.67 average price target.

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Based on Beam Global’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.24 million and GAAP net loss of $1.1 million. In comparison, last year the company earned revenue of $1.79 million and had a GAAP net loss of $610.4K.

Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of BEEM in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Envision Solar International, Inc. engages in the invention, design, engineering, manufacture, and sale of solar powered products. It offers solar powered products and proprietary technology solutions for electric vehicle charging infrastructure, out of home advertising platforms, and energy security and disaster preparedness. The company was founded by Robert Lane Noble on June 12, 2006 and is headquartered in San Diego, CA.

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