Capital Ideas ResearchExro Technologies Inc. (TSXV:EXRO). Eight Capital analyst Sean Keaney initiated coverage on the cleantech stock with a “Buy” rating and a target price of $8 per share, saying the Company’s technology has tremendous potential and the timing of commercialization couldn’t be better.
“We believe these technological advantages will lead to numerous commercial deals and a growing market share out to 2030,” he said.
“It has proof of concept on its Battery Control Systems (BCS) and on its Coil Driver and has recently announced commercialization plans with two partners. This could drive a step change in adoption and market acceptance for Exro’s technology and position the company well to partner with companies of increasing size and scale.”