EU and US could reach trade deal this weekend - Reuters
Beam Global, known for its innovative solar-powered charging systems, has seen its stock price descend to a 52-week low, trading at $2.12. According to InvestingPro analysis, the company maintains a ’FAIR’ financial health score, with analysts setting price targets between $5 and $12. This price level reflects a significant downturn from its previous performance, with the company’s shares experiencing a steep 1-year change, plummeting by -69.09%. While investors closely monitor BEEM through these challenging market conditions, the company maintains strong liquidity with a current ratio of 2.35 and holds more cash than debt on its balance sheet. The company’s efforts to rebound from this low will be watched with keen interest by market participants looking for signs of recovery or further adjustments in their strategy, particularly with its next earnings report due on March 26. Based on InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels, though investors should note that 11 additional ProTips are available for deeper insight.
In other recent news, Beam Global has finalized a separation agreement with its former Vice President of Sales and Marketing, Sandra Peterson. The agreement, effective January 20, 2025, follows Peterson’s resignation, which was announced in October 2024 and became effective at the end of December 2024. Under the terms of the agreement, Peterson will receive a severance payment of $18,750, payable within ten days of the effective date. Additionally, she is entitled to commissions on sales completed before her departure date. The company has also agreed to extend the post-termination exercise period of Peterson’s stock options until the end of 2025. The agreement includes a general release of claims by Peterson in favor of Beam Global and features non-disclosure and non-solicitation provisions. Both parties have agreed to a mutual non-disparagement provision. This development is part of Beam Global’s organizational changes and was documented in a recent SEC filing.
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