Beam Global Beam Global (NASDAQ: BEEM) is a micro-company in the solar energy and electric vehicle (EV) space. Based in San Diego and with 35 employees, it develops EV charging stations intended to be deployed anywhere in the world. This stock is highly speculative. The company has exciting technology in the pipeline but lacks the financial history to appeal to conservative investors. However, those willing to put some risk into emerging technology will find a lot to like.

Despite this being a speculative pick, analysts are confident in it. Three of the top solar and EV analysts on FactSet recommend a BUY rating on this pick today, with an average target price of $24.00. The biggest draw of the company is its patented EV ARC 2020, a solar-powered, transportable, and off-grid electric vehicle charging station. Beam’s technology could potentially allow for charging stations in remote areas currently unserved by companies like Tesla. As the EV market grows, the demand for stations like the EV ARC 2020 will increase.

This stock meets several important alternative portfolio criteria. It’s solar and EV based, has strong momentum, and is affordably priced. It’s a bargain pick for October.

Key Data:

  • 1 Year Price Growth: 82%
  • YTD Price Growth: 86%
  • 3 Month Price Growth: 72%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.