![]() SIRC is an integrated, single-source solar power, HVAC, and roofing systems installation company. Solar Integrated Roofing Corporation ( SIRC ) To see more of BEEM’s component grades, click here. In addition, it is ranked #20 in the Solar industry. The stock also has an F grade for Value, Stability, and Quality, and a D grade for Growth and Sentiment. It is no surprise that BEEM has an overall F rating, equating to Strong Sell in our proprietary POWR Ratings system. Shares of BEEM have retreated 56.2% in price over the past six months and 60.5% year-to-date. Also, BEEM missed the Street’s EPS estimates in three of the trailing four quarters. However, the company’s EPS is expected to remain negative at least until next year. Its loss from operations grew 32.9% from its year-ago value to $1.25 million, while its net loss increased 32.7% year-over-year to $1.25 million.Īnalysts expect BEEM’s revenues to increase 75.2% year-over-year to $10.88 million in the current year. In addition, its 23.18 forward Price/Sales multiple is 1,397.4% higher than the 1.55 industry average.īEEM’s gross loss increased 276.2% year-over-year to $0.15 million in its fiscal first quarter, ended March 31. In terms of forward EV/Sales, BEEM is currently trading at 21.36, which is 1,010.3% higher than the 1.92 industry average. The company produces primarily two categories of products: EV ARC (Electric Vehicle Autonomous Renewable Charger) and the Solar Tree. The company missed consensus EPS estimates in each of the trailing four quarters.īEEM designs, manufactures, and sells renewable energy products for electric vehicle (EV) charging infrastructure, outdoor media and branding, and energy security products. However, analysts expect the company’s EPS to remain negative at least until the following year. The company’s net loss per share increased 90% year-over-year to $0.57.Ī $65.03 million consensus revenue estimate for the fiscal third quarter, ending September 30, 2021, indicates a 29.6% improvement from the same period last year. Its net loss increased 151% from its year-ago value to $63.40 million. NOVA’s operating loss increased 178.9% year-over-year to $14.34 million in its fiscal second quarter ended June 30. In terms of forward Price/Sales, NOVA is currently trading at 18.33x, which is 637.8% higher than the 2.48x industry average. NOVA’s 29.37 forward EV/Sales multiple is 565.5% higher than the 4.41 industry average. The company also offers operations and maintenance, monitoring, repairs and replacements, equipment upgrades, on-site power optimization, and diagnostics services. NOVA, together with its subsidiaries, provides residential solar and energy storage services. ( NOVA ), Beam Global ( BEEM ), and Solar Integrated Roofing Corporation ( SIRC ) best avoided now. So, although the solar industry’s long-term outlook remains bright, we think its bleak short-term growth prospects make highly overvalued stocks Sunnova Energy International Inc. Furthermore, a global semiconductor chip shortage is affecting the industry’s production targets because semiconductors are a crucial component in battery storage and solar inverters. The industry is expected to remain constrained by the impact of supply chain bottlenecks and equipment shortages over the next few years, however. ![]() Government incentives and declining installation and maintenance costs are also driving the solar energy market, which is expected to grow at a 20.5% CAGR over the next five years to $223.30 billion by 2026. ![]() While significant emphasis is being placed on almost all clean energy sources globally, the solar power segment is attracting much investor attention and capital investments.
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