H.C. Wainwright lowered the firm’s price target on Beam Global (BEEM) to $8 from $30 and keeps a Buy rating on the shares. The firm says its lower target reflects the lower-than-expected revenue performance in recent quarters and headwinds in the U.S. from governmental customers. Following the company’s Q3 report, the firm reduced its Q4 and 2025 revenue expectations to $11.1M and $55.1M, respectively.
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