---
title: "Weekly Recap | Beam Global -16.56%, most brokers rate it buy"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/302169149.md"
description: "Beam Global (BEEM) fell 16.56% this week to $0.8928, against a 1.95% decline for the S&P 500, underperforming the benchmark by about 14.61 percentage points. Trading showed a rally that faded: the stock opened Monday at $1.05 and touched $1.06 before losing momentum, sliding to $0.86 on Thursday on volume of 29.4m shares, and closing Friday at $0.8928. The week’s amplitude was 19.05%, with total volume of 31.2m shares running well above its recent median."
datetime: "2026-10-17T06:39:24.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/302169149.md)
  - [en](https://longbridge.com/en/news/302169149.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/302169149.md)
generator: "portal-rs"
---

# Weekly Recap | Beam Global -16.56%, most brokers rate it buy

## The Week

Beam Global (BEEM) fell 16.56% this week to $0.8928, against a 1.95% decline for the S&P 500, underperforming the benchmark by about 14.61 percentage points. Trading showed a rally that faded: the stock opened Monday at $1.05 and touched $1.06 before losing momentum, sliding to $0.86 on Thursday on volume of 29.4m shares, and closing Friday at $0.8928. The week’s amplitude was 19.05%, with total volume of 31.2m shares running well above its recent median.

## Key Events

Corporate news centred on three items. On Tuesday, Beam Global reported preliminary third-quarter revenue growth of 8% year over year and said it targets filing the full Q2 2026 results by 16 November. On Thursday, the company noted that ScoutDI, the drone company it is acquiring, won a milestone order from a nuclear sector customer. Later in the week it announced an annual shareholder meeting and governance action deadlines. Over the same stretch the stock spiked intraday on Thursday before turning lower, and extended the decline on Friday.

## Analyst Ratings

Coverage comes from three firms: one rates it buy, one rates it overweight, and one rates it hold, with no underweight or sell ratings. The consensus rating is buy, and the consensus target is $2.50, roughly 180.02% above the current price. Individual targets range from $1.50 to $3.00, showing wide dispersion. Within the electrical components and equipment industry, the stock’s ratings rank sits around 40th, in the lower half of the sector.

## The Week Ahead

The US calendar includes the NAHB housing market index, housing starts, building permits, and EIA crude oil inventories. For BEEM, the focus is on the formal Q2 filing, follow-through on the ScoutDI order, and any governance updates ahead of the annual shareholder meeting.

## In Short

BEEM fell much more than the broader market this week, with a sharp volume-led pullback. The company put out revenue growth and drone business momentum, yet the stock weakened alongside the news, suggesting mixed pricing of those updates. A buy consensus and a target well above spot sit in tension with the latest daily money flow and a relatively low multiple. The next test is whether the formal filing and ScoutDI order provide further confirmation.

*This article is generated by LongbridgeAI from market data, for information only and not investment advice.*

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**