Beam Global shares trading lower after the company reported worse-than-expected Q2 financial results. Additionally, B. Riley Securities lowered its price target on the stock from $11 to $10.
Portfolio Pulse from Benzinga Newsdesk
Beam Global shares are trading lower after the company reported worse-than-expected Q2 financial results. B. Riley Securities also lowered its price target on the stock from $11 to $10.
August 14, 2024 | 6:54 pm
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Beam Global shares are trading lower due to worse-than-expected Q2 financial results. Additionally, B. Riley Securities lowered its price target from $11 to $10.
The combination of disappointing Q2 financial results and a lowered price target from a reputable securities firm is likely to negatively impact Beam Global's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100