Beam Global Intrinsic Value Calculator – BEAM GLOBAL Announces Third Quarter FY2023 Earnings Results for September 30 2023

🌥️Earnings Overview

BEAM GLOBAL ($NASDAQ:BEEM) reported their third-quarter FY2023 earnings results on September 30 2023. A 149.5% year-over-year increase in total revenue amounted to USD 16.5 million, while net income for the quarter was USD -3.6 million, a decrease from the previous year’s -6.8 million.

Stock Price

On Tuesday, BEAM GLOBAL announced its third quarter fiscal year 2023 earnings results for September 30, 2023. The company’s stock opened the day at $6.4 and closed at $7.3, soaring by 20.5% from its last closing price of $6.1. In the weeks leading up to the announcement of the earnings results, BEAM GLOBAL had seen a steady increase in their stock prices. This was mainly due to the increased demand for their products and services and the positive outlook of their business operations.

Overall, BEAM GLOBAL had a successful quarter and investors have responded positively to the news of their strong financial performance. With a steady increase in demand for their products and services, BEAM GLOBAL is poised for continue its growth trajectory over the coming quarters. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Beam Global. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Beam Global. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Beam Global. More…

Key Ratios Snapshot

Some of the financial key ratios for Beam Global are shown below. More…

Analysis – Beam Global Intrinsic Value Calculator

At GoodWhale, we conducted an analysis of BEAM GLOBAL‘s financials. Using our proprietary Valuation Line, we have calculated that the fair value of BEAM GLOBAL share is approximately $70.2. However, currently, BEAM GLOBAL stock is traded at a price of $7.3, meaning it is undervalued by an impressive 89.6%. We believe that this presents a great buying opportunity for investors interested in BEAM GLOBAL’s stock. More…

Peers

In the fight to go green and provide sustainable energy, Beam Global and its competitors are vying for the top spot. Solar energy is becoming increasingly popular as an eco-friendly alternative to traditional forms of energy. As more and more people are looking to reduce their carbon footprint, solar companies are seeing a surge in demand for their products. Beam Global is one of the leading solar energy providers in the United States, but it faces stiff competition from other companies such as Go Solar USA Inc, Universal Solar Technology Inc, and Enphase Energy Inc.

– Go Solar USA Inc ($OTCPK:GSLO)

Solar power is one of the most promising renewable energy sources available today. Solar photovoltaic (PV) panels convert sunlight into electricity, making solar power a clean, emissions-free alternative to fossil fuels. Solar power is also becoming increasingly cost-effective as technology advances and more businesses and homeowners adopt solar PV systems.

Go Solar USA is a leading provider of solar PV systems for residential and commercial customers. The company has a strong track record of delivering quality solar PV systems and providing excellent customer service. Go Solar USA’s market cap is $294.42 million and its ROE is 8.3%. The company is well-positioned to continue growing its business and expanding its reach in the solar PV market.

– Universal Solar Technology Inc ($OTCPK:UNSS)

solar technology company that designs, manufactures and sells a range of photovoltaic products, including solar cells, modules, systems and related products. The Company’s products are used in a variety of applications, including residential, commercial, industrial, governmental and military. Universal Solar Technology Inc has a market cap of 1.44M as of 2022, a Return on Equity of 0.89%. The company’s products are used in a variety of applications, including residential, commercial, industrial, governmental and military. Universal Solar Technology Inc is committed to providing solar products that are reliable, efficient and cost-effective.

– Enphase Energy Inc ($NASDAQ:ENPH)

Enphase Energy Inc is a publicly traded energy technology company headquartered in Fremont, California. The company’s core product is its Home Energy Solution, a solar power system that uses microinverters to convert direct current (DC) electricity generated by photovoltaic panels into alternating current (AC) electricity.

As of 2022, Enphase Energy Inc has a market cap of 34.06B and a Return on Equity of 58.92%. The company’s core product is its Home Energy Solution, a solar power system that uses microinverters to convert DC electricity generated by photovoltaic panels into AC electricity. Enphase Energy Inc has a strong focus on innovation and technology, which has resulted in a highly efficient and reliable product. The company’s mission is to make solar power more affordable and accessible to everyone.

Summary

Investors responded positively to BEAM Global‘s third quarter FY2023 earnings results, as the company reported total revenue of USD 16.5 million, an increase of 149.5% year over year. Net income was USD -3.6 million, a decrease from the previous year’s figure of -6.8 million. Despite the lower net income figure, investors were encouraged by the significant year-over-year revenue growth, and rewarded the company with a stock price increase on the same day. Going forward, investors will be keeping a close eye on BEAM Global’s progress to determine whether the company can continue to achieve further growth and profitability.